Legal & General Group Plc Invests $16.30 Million in Pool Corporation $POOL

Legal & General Group Plc acquired a new stake in Pool Corporation (NASDAQ:POOL) during the 2nd quarter, Holdings Channel reports. The fund acquired 75,856 shares of the specialty retailer’s stock, valued at approximately $16,301,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. bought a new stake in shares of Pool in the first quarter valued at about $400,000. Millennium Management LLC grew its holdings in shares of Pool by 237.9% during the first quarter. Millennium Management LLC now owns 17,390 shares of the specialty retailer’s stock worth $5,536,000 after buying an additional 12,244 shares in the last quarter. Empowered Funds LLC acquired a new stake in Pool in the 1st quarter valued at approximately $639,000. Geneos Wealth Management Inc. raised its position in Pool by 164.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer’s stock valued at $50,000 after buying an additional 97 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Pool by 201.2% in the 1st quarter. Acadian Asset Management LLC now owns 2,012 shares of the specialty retailer’s stock valued at $639,000 after acquiring an additional 1,344 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Price Performance

POOL stock opened at $188.07 on Monday. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 2.54 and a beta of 1.06. Pool Corporation has a twelve month low of $172.68 and a twelve month high of $336.15. The business has a 50 day moving average price of $199.64 and a two-hundred day moving average price of $204.67. The company has a quick ratio of 0.91, a current ratio of 2.67 and a debt-to-equity ratio of 1.05.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.05. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Pool had a return on equity of 32.74% and a net margin of 7.40%.The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.17 EPS. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. Analysts anticipate that Pool Corporation will post 10.95 EPS for the current fiscal year.

Pool Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on POOL. Deutsche Bank Aktiengesellschaft set a $185.00 price target on shares of Pool in a research note on Friday, July 24th. Stifel Nicolaus reduced their target price on shares of Pool from $235.00 to $189.00 and set a “hold” rating for the company in a report on Friday, July 24th. Stephens restated an “overweight” rating and set a $225.00 target price on shares of Pool in a report on Thursday, August 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Pool in a research note on Tuesday, August 11th. Finally, DA Davidson started coverage on shares of Pool in a research report on Monday, August 24th. They set a “neutral” rating and a $210.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $233.10.

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.