Harbor Capital Advisors Inc. Lowers Stake in Pool Corporation $POOL

Harbor Capital Advisors Inc. cut its stake in Pool Corporation (NASDAQ:POOL) by 70.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,554 shares of the specialty retailer’s stock after selling 3,779 shares during the period. Harbor Capital Advisors Inc.’s holdings in Pool were worth $482,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Clearstead Trust LLC purchased a new stake in Pool in the 2nd quarter valued at about $25,000. CYBER HORNET ETFs LLC bought a new position in Pool in the second quarter worth approximately $30,000. Chilton Capital Management LLC purchased a new position in Pool during the 2nd quarter worth $30,000. MUFG Securities EMEA plc bought a new stake in Pool during the 2nd quarter valued at $33,000. Finally, Mid American Wealth Advisory Group Inc. bought a new stake in Pool during the 2nd quarter valued at $34,000. Institutional investors own 98.99% of the company’s stock.

Pool Stock Up 0.5%

NASDAQ:POOL opened at $232.49 on Monday. The company’s 50-day simple moving average is $250.99 and its 200-day simple moving average is $287.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 2.57. Pool Corporation has a fifty-two week low of $228.51 and a fifty-two week high of $374.74. The stock has a market capitalization of $8.66 billion, a P/E ratio of 21.19, a P/E/G ratio of 4.36 and a beta of 1.23.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.01. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Pool had a net margin of 7.77% and a return on equity of 31.40%. Pool’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.26 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, equities analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were given a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. Pool’s dividend payout ratio (DPR) is presently 45.58%.

Analysts Set New Price Targets

Several equities analysts have recently commented on POOL shares. Wells Fargo & Company cut their price target on Pool from $320.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Monday, December 15th. KeyCorp assumed coverage on shares of Pool in a research report on Tuesday, September 30th. They set a “sector weight” rating on the stock. Robert W. Baird set a $345.00 price target on shares of Pool in a report on Friday, October 24th. Stifel Nicolaus dropped their price objective on shares of Pool from $295.00 to $240.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. Finally, William Blair reissued a “market perform” rating on shares of Pool in a research note on Wednesday, October 15th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $317.38.

Pool Company 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.