Sanctuary Advisors LLC Invests $2.60 Million in Pool Corporation $POOL

Sanctuary Advisors LLC acquired a new position in shares of Pool Corporation (NASDAQ:POOL) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 12,098 shares of the specialty retailer’s stock, valued at approximately $2,600,000.

Several other hedge funds have also modified their holdings of the stock. Clearstead Advisors LLC increased its position in Pool by 100.0% during the fourth quarter. Clearstead Advisors LLC now owns 122 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 61 shares during the last quarter. Elevation Wealth Partners LLC raised its stake in Pool by 2,660.0% during the second quarter. Elevation Wealth Partners LLC now owns 138 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 133 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Pool in the 2nd quarter valued at $30,000. Covestor Ltd boosted its holdings in shares of Pool by 348.4% in 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. Finally, CoreCap Advisors LLC grew its stake in shares of Pool by 214.3% during the 2nd quarter. CoreCap Advisors LLC now owns 154 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 105 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Robert W. Baird set a $260.00 price objective on Pool in a report on Friday, July 24th. Oppenheimer reduced their target price on Pool from $280.00 to $227.00 and set an “outperform” rating on the stock in a report on Friday, July 24th. Stifel Nicolaus lowered their price target on Pool from $235.00 to $189.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Stephens restated an “overweight” rating and set a $225.00 price target on shares of Pool in a research note on Thursday, August 20th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a report on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $233.10.

Pool Stock Performance

NASDAQ:POOL opened at $186.36 on Wednesday. The company has a current ratio of 2.67, a quick ratio of 0.91 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 2.55 and a beta of 1.06. The firm’s fifty day simple moving average is $200.23 and its 200 day simple moving average is $206.24. Pool Corporation has a twelve month low of $172.68 and a twelve month high of $336.15.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.33 by $0.05. Pool had a net margin of 7.40% and a return on equity of 32.74%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the company earned $5.17 EPS. The firm’s revenue was up 2.2% on a year-over-year basis. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. As a group, equities research analysts expect that Pool Corporation will post 10.94 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given a $1.30 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $5.20 annualized dividend and a dividend yield of 2.8%. Pool’s dividend payout ratio is presently 47.84%.

Pool announced that its Board of Directors has approved a stock repurchase 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 stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

About Pool

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.