Prudential Financial Inc. Has $6.31 Million Stock Position in Pool Corporation $POOL

Prudential Financial Inc. increased its stake in shares of Pool Corporation (NASDAQ:POOL) by 10.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 21,650 shares of the specialty retailer’s stock after acquiring an additional 2,018 shares during the period. Prudential Financial Inc.’s holdings in Pool were worth $6,311,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of POOL. Coldstream Capital Management Inc. raised its stake in shares of Pool by 3.6% during the 2nd quarter. Coldstream Capital Management Inc. now owns 6,291 shares of the specialty retailer’s stock worth $1,834,000 after purchasing an additional 217 shares in the last quarter. Cynosure Group LLC increased its holdings in Pool by 25.6% during the second quarter. Cynosure Group LLC now owns 1,297 shares of the specialty retailer’s stock worth $378,000 after buying an additional 264 shares during the last quarter. Heron Bay Capital Management raised its position in Pool by 16.3% during the second quarter. Heron Bay Capital Management now owns 13,916 shares of the specialty retailer’s stock worth $4,056,000 after acquiring an additional 1,946 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Pool in the second quarter valued at $208,000. Finally, CenterBook Partners LP bought a new position in shares of Pool in the 2nd quarter valued at about $2,534,000. 98.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on POOL shares. Guggenheim initiated coverage on shares of Pool in a research note on Wednesday, October 8th. They set a “neutral” rating on the stock. The Goldman Sachs Group set a $360.00 price target on Pool and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Robert W. Baird set a $345.00 price objective on Pool in a research note on Friday, October 24th. KeyCorp initiated coverage on Pool in a research note on Tuesday, September 30th. They set a “sector weight” rating for the company. Finally, William Blair reissued a “market perform” rating on shares of Pool in a report on Wednesday, October 15th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $337.86.

Pool Trading Up 0.3%

Shares of NASDAQ:POOL opened at $244.98 on Friday. Pool Corporation has a 12-month low of $229.63 and a 12-month high of $380.87. The business has a 50 day moving average of $277.18 and a 200-day moving average of $297.68. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76. The stock has a market cap of $9.13 billion, a PE ratio of 22.33, a P/E/G ratio of 3.94 and a beta of 1.12.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.01. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.46 billion. Pool had a return on equity of 31.40% and a net margin of 7.77%.The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.26 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, equities research analysts forecast that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, November 12th. Pool’s payout ratio is presently 45.58%.

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.