Hilltop National Bank Takes $161,000 Position in Pool Corporation $POOL

Hilltop National Bank bought a new stake in Pool Corporation (NASDAQ:POOL) during the second quarter, HoldingsChannel.com reports. The fund bought 554 shares of the specialty retailer’s stock, valued at approximately $161,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Pool by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,456,246 shares of the specialty retailer’s stock worth $1,418,646,000 after buying an additional 12,795 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Pool by 2.3% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer’s stock worth $716,422,000 after acquiring an additional 50,566 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Pool by 3.6% in the 1st quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer’s stock valued at $409,054,000 after acquiring an additional 44,897 shares during the period. Wellington Management Group LLP lifted its holdings in Pool by 1.1% during the 1st quarter. Wellington Management Group LLP now owns 1,054,066 shares of the specialty retailer’s stock valued at $335,562,000 after purchasing an additional 11,552 shares during the last quarter. Finally, Mawer Investment Management Ltd. bought a new position in Pool during the first quarter worth $168,735,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on POOL shares. Oppenheimer increased their price objective on shares of Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. Wells Fargo & Company raised their price objective on shares of Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Robert W. Baird upped their target price on Pool from $310.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Wall Street Zen raised Pool from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pool in a report on Saturday, September 27th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Pool has a consensus rating of “Hold” and a consensus price target of $342.14.

Pool Trading Down 0.8%

POOL opened at $309.61 on Friday. The company has a market cap of $11.55 billion, a P/E ratio of 28.56, a PEG ratio of 4.29 and a beta of 1.11. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93. The company’s 50 day moving average is $316.01 and its 200-day moving average is $308.52. Pool Corporation has a 1-year low of $282.22 and a 1-year high of $395.60.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 EPS for the quarter, beating the consensus estimate of $5.12 by $0.05. Pool had a net margin of 7.79% and a return on equity of 30.99%. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the firm earned $4.99 EPS. The firm’s revenue was up .9% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Equities research analysts predict that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, August 14th. Pool’s dividend payout ratio is presently 46.13%.

Pool Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.