Corient Private Wealth LP Invests $93.01 Million in Pool Corporation $POOL

Corient Private Wealth LP acquired a new stake in shares of Pool Corporation (NASDAQ:POOL) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 432,813 shares of the specialty retailer’s stock, valued at approximately $93,011,000.

A number of other large investors also recently modified their holdings of POOL. CYBER HORNET ETFs LLC purchased a new position in shares of Pool during the second quarter worth approximately $30,000. MUFG Securities EMEA plc bought a new stake in shares of Pool in the 2nd quarter worth approximately $33,000. Clearstead Advisors LLC boosted its stake in shares of Pool by 100.0% in the 4th quarter. Clearstead Advisors LLC now owns 122 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 61 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of Pool by 2,660.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 138 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 133 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of Pool by 348.4% during the 4th quarter. Covestor Ltd now owns 139 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 108 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Stock Up 1.1%

Shares of NASDAQ:POOL opened at $188.38 on Thursday. The stock’s 50-day moving average is $200.11 and its 200 day moving average is $205.75. The company has a market cap of $6.85 billion, a PE ratio of 17.33, a P/E/G ratio of 2.52 and a beta of 1.06. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.67 and a quick ratio of 0.91. Pool Corporation has a 1 year low of $172.68 and a 1 year 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 for the quarter, topping the consensus estimate of $5.33 by $0.05. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Pool had a return on equity of 32.74% and a net margin of 7.40%.The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $5.17 EPS. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. Sell-side analysts anticipate that Pool Corporation will post 10.94 EPS for the current year.

Pool declared that its Board of Directors has initiated a share buyback plan on Wednesday, April 29th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to purchase up to 7.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, August 13th. Pool’s dividend payout ratio is currently 47.84%.

Wall Street Analysts Forecast Growth

POOL has been the topic of a number of analyst reports. Oppenheimer decreased their target price on shares of Pool from $280.00 to $227.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. Stephens reaffirmed an “overweight” rating and set a $225.00 price objective on shares of Pool in a research note on Thursday, August 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Pool in a research note on Tuesday, August 11th. Bank of America decreased their price objective on Pool from $226.00 to $206.00 and set an “underperform” rating on the stock in a report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft set a $185.00 target price on Pool in a research note on Friday, July 24th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $233.10.

Key Headlines Impacting Pool

Here are the key news stories impacting Pool this week:

• Positive Sentiment: DA Davidson upgraded Pool to “Hold.” The change likely offers some support because it represents an improvement from the firm’s previous rating, although a Hold remains a cautious view rather than a bullish endorsement. Zacks.com

Pool Profile

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.