Jupiter Topco LLC Acquires Shares of 33,155 Pool Corporation $POOL

Jupiter Topco LLC bought a new position in Pool Corporation (NASDAQ:POOL) in the 2nd quarter, HoldingsChannel reports. The fund bought 33,155 shares of the specialty retailer’s stock, valued at approximately $7,125,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Pool during the 2nd quarter valued at approximately $866,576,000. Wellington Management Group LLP boosted its holdings in Pool by 16.2% in the third quarter. Wellington Management Group LLP now owns 2,563,373 shares of the specialty retailer’s stock worth $794,825,000 after purchasing an additional 357,643 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in Pool by 3,831.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,001,987 shares of the specialty retailer’s stock worth $457,955,000 after purchasing an additional 1,951,070 shares during the period. Morgan Stanley increased its stake in Pool by 1.8% during the fourth quarter. Morgan Stanley now owns 1,371,772 shares of the specialty retailer’s stock valued at $313,794,000 after purchasing an additional 23,736 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Pool by 21.6% during the fourth quarter. Invesco Ltd. now owns 837,658 shares of the specialty retailer’s stock worth $191,614,000 after purchasing an additional 148,519 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Price Performance

Pool stock opened at $188.07 on Monday. The company has a 50-day simple moving average of $199.64 and a 200-day simple moving average of $204.67. The firm has a market capitalization of $6.83 billion, a P/E ratio of 17.30, a P/E/G ratio of 2.54 and a beta of 1.06. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.91 and a current ratio of 2.67. Pool Corporation has a one year low of $172.68 and a one year high of $336.15.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.05. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.82 billion. Pool had a net margin of 7.40% and a return on equity of 32.74%. Pool’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm posted $5.17 EPS. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. As a group, equities analysts expect that Pool Corporation will post 10.95 earnings per share for the current year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a dividend of $1.30 per share. The ex-dividend date was Thursday, August 13th. This represents a $5.20 annualized dividend and a dividend yield of 2.8%. Pool’s payout ratio is currently 47.84%.

Analyst Upgrades and Downgrades

POOL has been the topic of a number of recent research reports. Bank of America reduced their price target on shares of Pool from $226.00 to $206.00 and set an “underperform” rating on the stock in a research report on Monday, July 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Pool in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft set a $185.00 target price on shares of Pool in a report on Friday, July 24th. Stephens restated an “overweight” rating and issued a $225.00 target price on shares of Pool in a research note on Thursday, August 20th. Finally, Oppenheimer lowered their target price on Pool from $280.00 to $227.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Five research 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. According to MarketBeat, Pool has a consensus rating of “Hold” and a consensus price target of $233.10.

Pool 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.