Empirical Asset Management LLC Purchases 264 Shares of Pool Corporation $POOL

Empirical Asset Management LLC lifted its position in Pool Corporation (NASDAQ:POOL) by 17.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,754 shares of the specialty retailer’s stock after purchasing an additional 264 shares during the period. Empirical Asset Management LLC’s holdings in Pool were worth $511,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. WCM Investment Management LLC grew its holdings in shares of Pool by 21.7% in the second quarter. WCM Investment Management LLC now owns 7,568 shares of the specialty retailer’s stock worth $2,216,000 after purchasing an additional 1,349 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Pool by 0.6% in the second quarter. Allianz Asset Management GmbH now owns 32,677 shares of the specialty retailer’s stock worth $9,525,000 after purchasing an additional 182 shares during the last quarter. Bridges Investment Management Inc. grew its holdings in shares of Pool by 1.7% in the second quarter. Bridges Investment Management Inc. now owns 72,202 shares of the specialty retailer’s stock worth $21,045,000 after purchasing an additional 1,218 shares during the last quarter. JGP Wealth Management LLC grew its holdings in shares of Pool by 0.4% in the second quarter. JGP Wealth Management LLC now owns 34,099 shares of the specialty retailer’s stock worth $9,939,000 after purchasing an additional 151 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Pool by 18.2% in the second quarter. Sequoia Financial Advisors LLC now owns 2,586 shares of the specialty retailer’s stock worth $754,000 after purchasing an additional 398 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on POOL shares. Wells Fargo & Company raised their price target on Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. Guggenheim started coverage on Pool in a research note on Wednesday, October 8th. They issued a “neutral” rating for the company. Wall Street Zen raised Pool from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. William Blair reaffirmed a “market perform” rating on shares of Pool in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pool in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $342.14.

Pool Stock Performance

Shares of Pool stock opened at $290.21 on Friday. 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 firm has a market capitalization of $10.83 billion, a P/E ratio of 26.77, a P/E/G ratio of 3.96 and a beta of 1.11. The business has a fifty day simple moving average of $312.84 and a two-hundred day simple moving average of $306.80. Pool Corporation has a 12 month low of $282.22 and a 12 month high of $395.60.

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

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Thursday, August 14th. Pool’s dividend payout ratio (DPR) is currently 46.13%.

About Pool

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.