Bryce Point Capital LLC Buys 246 Shares of Pool Corporation $POOL

Bryce Point Capital LLC boosted its stake in shares of Pool Corporation (NASDAQ:POOL) by 9.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,968 shares of the specialty retailer’s stock after purchasing an additional 246 shares during the period. Bryce Point Capital LLC’s holdings in Pool were worth $865,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chilton Capital Management LLC bought a new position in Pool during the second quarter valued at approximately $30,000. Mid American Wealth Advisory Group Inc. bought a new position in Pool during the second quarter valued at approximately $34,000. Brooklyn Investment Group lifted its position in Pool by 53.1% during the first quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 51 shares during the period. WPG Advisers LLC bought a new position in Pool during the first quarter valued at approximately $49,000. Finally, Geneos Wealth Management Inc. lifted its position in Pool by 164.4% during the first quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer’s stock valued at $50,000 after purchasing an additional 97 shares during the period. Institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on POOL shares. KeyCorp started coverage on shares of Pool in a research report on Tuesday, September 30th. They set a “sector weight” rating on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Pool in a research report on Wednesday, October 8th. Guggenheim began coverage on shares of Pool in a research report on Wednesday, October 8th. They issued a “neutral” rating on the stock. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Wells Fargo & Company increased their price target 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. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $337.86.

Pool Stock Down 2.8%

POOL opened at $259.48 on Tuesday. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. Pool Corporation has a 1-year low of $258.63 and a 1-year high of $395.60. The company has a market capitalization of $9.67 billion, a PE ratio of 23.65, a PEG ratio of 3.94 and a beta of 1.11. The firm’s 50 day simple moving average is $305.81 and its two-hundred day simple moving average is $305.16.

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

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, November 12th. Pool’s dividend payout ratio (DPR) 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.