Cim LLC Grows Position in Pool Corporation $POOL

Cim LLC lifted its stake in Pool Corporation (NASDAQ:POOL) by 1.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,993 shares of the specialty retailer’s stock after buying an additional 38 shares during the quarter. Cim LLC’s holdings in Pool were worth $953,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Whipplewood Advisors LLC lifted its holdings in shares of Pool by 471.4% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer’s stock worth $25,000 after buying an additional 66 shares in the last quarter. City Holding Co. purchased a new position in shares of Pool in the first quarter worth $26,000. Versant Capital Management Inc lifted its holdings in shares of Pool by 790.9% in the first quarter. Versant Capital Management Inc now owns 98 shares of the specialty retailer’s stock worth $31,000 after buying an additional 87 shares in the last quarter. Sentry Investment Management LLC purchased a new position in shares of Pool in the first quarter worth $30,000. Finally, Brooklyn Investment Group lifted its holdings in shares of Pool by 53.1% in the first quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock worth $47,000 after buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on POOL shares. Robert W. Baird upped their price target on shares of Pool from $310.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Wells Fargo & Company upped their price target on shares of Pool from $300.00 to $320.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Oppenheimer upped their price target on shares of Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a research note on Tuesday, July 29th. Finally, Wall Street Zen raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Pool presently has a consensus rating of “Hold” and a consensus target price of $342.14.

Pool Trading Up 3.3%

Shares of POOL opened at $329.80 on Friday. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60. The company has a market cap of $12.31 billion, a P/E ratio of 30.42, a P/E/G ratio of 4.42 and a beta of 1.08. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93. The company’s fifty day simple moving average is $312.96 and its 200-day simple moving average is $311.60.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share for the quarter, beating the consensus estimate of $5.12 by $0.05. Pool had a net margin of 7.79% and a return on equity of 30.99%. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the firm posted $4.99 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, analysts expect that Pool Corporation will post 11.32 EPS for the current year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a $1.25 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. Pool’s dividend payout ratio is currently 46.13%.

Pool Company 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.