Southpoint Capital Advisors LP Has $101.17 Million Stock Position in Pool Corporation $POOL

Southpoint Capital Advisors LP boosted its position in shares of Pool Corporation (NASDAQ:POOL) by 66.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 500,000 shares of the specialty retailer’s stock after buying an additional 200,000 shares during the quarter. Pool makes up about 2.1% of Southpoint Capital Advisors LP’s portfolio, making the stock its 22nd largest position. Southpoint Capital Advisors LP’s holdings in Pool were worth $101,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. raised its stake in shares of Pool by 3,831.9% during 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 buying an additional 1,951,070 shares during the last quarter. Norges Bank acquired a new position in Pool in the fourth quarter valued at approximately $97,612,000. Wellington Management Group LLP boosted its stake 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 valued at $794,825,000 after acquiring an additional 357,643 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Pool by 254.6% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 339,716 shares of the specialty retailer’s stock valued at $77,710,000 after acquiring an additional 243,907 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its stake in Pool by 1,301.7% in the second quarter. Worldquant Millennium Advisors LLC now owns 194,880 shares of the specialty retailer’s stock valued at $56,804,000 after acquiring an additional 180,977 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Pool news, Director John E. Stokely purchased 1,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were bought at an average price of $193.06 per share, with a total value of $193,060.00. Following the completion of the transaction, the director directly owned 16,230 shares in the company, valued at $3,133,363.80. This trade represents a 6.57% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director De La Mesa Manuel J. Perez acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $175.95 per share, for a total transaction of $1,759,500.00. Following the acquisition, the director directly owned 40,108 shares in the company, valued at $7,057,002.60. This represents a 33.21% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 21,989 shares of company stock valued at $4,042,747 in the last three months. Insiders own 3.00% of the company’s stock.

Pool Trading Up 0.5%

Shares of NASDAQ POOL opened at $184.61 on Tuesday. The company’s fifty day moving average is $196.17 and its 200-day moving average is $215.73. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 2.38 and a beta of 1.05. Pool Corporation has a twelve month low of $172.68 and a twelve month high of $336.15. 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 results on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.05. Pool had a net margin of 7.40% and a return on equity of 32.74%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the business 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. Equities research analysts predict that Pool Corporation will post 10.98 EPS for the current year.

Pool announced that its board has initiated a share repurchase program on Wednesday, April 29th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the specialty retailer to repurchase up to 7.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Pool Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were issued a dividend of $1.30 per share. This is a boost from Pool’s previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, May 14th. Pool’s dividend payout ratio is presently 47.84%.

Analyst Ratings Changes

Several brokerages have commented on POOL. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Monday, April 27th. Wells Fargo & Company reduced their price target on Pool from $230.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft set a $185.00 price objective on Pool in a research note on Friday. Zacks Research upgraded Pool from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Robert W. Baird set a $260.00 target price on Pool in a research note on Friday. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $235.67.

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.