NewEdge Wealth LLC Acquires Shares of 18,888 Pool Corporation $POOL

NewEdge Wealth LLC bought a new position in shares of Pool Corporation (NASDAQ:POOL) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 18,888 shares of the specialty retailer’s stock, valued at approximately $4,059,000.

Several other hedge funds and other institutional investors also recently modified their holdings of POOL. CYBER HORNET ETFs LLC acquired a new position in shares of Pool during the 2nd quarter worth $30,000. MUFG Securities EMEA plc acquired a new stake in Pool in the second quarter valued at about $33,000. Clearstead Advisors LLC grew its position in Pool by 100.0% in the fourth quarter. Clearstead Advisors LLC now owns 122 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 61 shares during the last quarter. Private Trust Co. NA grew its position in Pool by 78.6% in the fourth quarter. Private Trust Co. NA now owns 125 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 55 shares during the last quarter. Finally, Elevation Wealth Partners LLC grew its position in Pool by 2,660.0% in the second quarter. Elevation Wealth Partners LLC now owns 138 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 133 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Price Performance

Pool stock opened at $195.99 on Thursday. The company has a market capitalization of $7.12 billion, a PE ratio of 18.03, a P/E/G ratio of 2.54 and a beta of 1.06. The company has a current ratio of 2.67, a quick ratio of 0.91 and a debt-to-equity ratio of 1.05. The stock has a 50-day moving average price of $200.70 and a two-hundred day moving average price of $208.13. Pool Corporation has a 12 month low of $172.68 and a 12 month high of $336.15.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.05. Pool had a return on equity of 32.74% and a net margin of 7.40%.The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm posted $5.17 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. Analysts expect that Pool Corporation will post 10.94 EPS for the current year.

Pool declared that its Board of Directors has approved a share repurchase program on Wednesday, April 29th that allows the company to buyback $600.00 million in outstanding shares. This buyback authorization allows the specialty retailer to reacquire up to 7.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, August 13th. Pool’s dividend payout ratio is 47.84%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on POOL. Stephens dropped their target price on shares of Pool from $290.00 to $225.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Pool in a report on Tuesday, August 11th. Bank of America lowered their price objective on shares of Pool from $226.00 to $206.00 and set an “underperform” rating for the company in a research report on Monday, July 20th. Wall Street Zen raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Zacks Research upgraded shares of Pool from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $235.67.

About Pool

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.