Amundi Acquires 14,200 Shares of Pool Corporation $POOL

Amundi boosted its holdings in Pool Corporation (NASDAQ:POOL) by 10.5% during the second quarter, HoldingsChannel.com reports. The fund owned 149,391 shares of the specialty retailer’s stock after purchasing an additional 14,200 shares during the period. Amundi’s holdings in Pool were worth $45,216,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in POOL. Norges Bank acquired a new stake in Pool in the 2nd quarter valued at $113,617,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Pool by 35.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 616,041 shares of the specialty retailer’s stock valued at $179,564,000 after acquiring an additional 160,878 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Pool by 1,201.2% during the second quarter. SG Americas Securities LLC now owns 90,211 shares of the specialty retailer’s stock valued at $26,295,000 after acquiring an additional 83,278 shares during the period. William Blair Investment Management LLC boosted its stake in shares of Pool by 13.9% in the 2nd quarter. William Blair Investment Management LLC now owns 586,310 shares of the specialty retailer’s stock valued at $170,898,000 after purchasing an additional 71,373 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Pool by 11.1% in the 2nd quarter. Invesco Ltd. now owns 699,628 shares of the specialty retailer’s stock worth $203,928,000 after purchasing an additional 70,075 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. The Goldman Sachs Group set a $360.00 price objective on Pool and gave the company a “buy” rating in a research report on Thursday, October 23rd. William Blair reaffirmed a “market perform” rating on shares of Pool in a research note on Wednesday, October 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a report on Monday, December 1st. Guggenheim started coverage on shares of Pool in a research report on Wednesday, October 8th. They issued a “neutral” rating for the company. Finally, KeyCorp began coverage on shares of Pool in a research note on Tuesday, September 30th. They issued a “sector weight” rating on the stock. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Pool currently has an average rating of “Hold” and a consensus price target of $337.86.

Pool Price Performance

NASDAQ:POOL opened at $233.31 on Wednesday. Pool Corporation has a 52-week low of $229.63 and a 52-week high of $380.29. The company has a market cap of $8.69 billion, a P/E ratio of 21.27, a P/E/G ratio of 4.44 and a beta of 1.23. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 2.57. The stock’s 50-day simple moving average is $267.53 and its 200 day simple moving average is $294.12.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share (EPS) 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 analysts’ expectations of $1.46 billion. Pool had a return on equity of 31.40% and a net margin of 7.77%.The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.26 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, sell-side analysts forecast that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, November 12th. Pool’s dividend payout ratio is 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.