Metis Global Partners LLC Trims Stake in Pool Corporation $POOL

Metis Global Partners LLC cut its holdings in Pool Corporation (NASDAQ:POOL) by 46.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,358 shares of the specialty retailer’s stock after selling 1,194 shares during the period. Metis Global Partners LLC’s holdings in Pool were worth $396,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of POOL. Chilton Capital Management LLC purchased a new stake in shares of Pool in the 2nd quarter worth $30,000. Mid American Wealth Advisory Group Inc. bought a new stake in Pool during the second quarter valued at about $34,000. Brooklyn Investment Group raised its stake in shares of Pool by 53.1% in the first quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock worth $47,000 after buying an additional 51 shares during the period. WPG Advisers LLC bought a new position in shares of Pool in the first quarter worth about $49,000. Finally, Steph & Co. purchased a new position in shares of Pool during the 2nd quarter valued at about $49,000. Institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. KeyCorp started coverage on shares of Pool in a report on Tuesday, September 30th. They issued a “sector weight” rating for the company. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Weiss Ratings cut shares of Pool from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, November 7th. Oppenheimer increased their price target on Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 29th. Finally, The Goldman Sachs Group set a $360.00 price target on Pool and gave the company a “buy” rating in a report on Thursday, October 23rd. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $337.86.

Pool Price Performance

Shares of NASDAQ:POOL opened at $250.54 on Thursday. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 3.94 and a beta of 1.13. The firm has a fifty day moving average price of $297.46 and a 200 day moving average price of $302.79. Pool Corporation has a fifty-two week low of $242.10 and a fifty-two week high of $395.60. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 2.57.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 EPS for the quarter, topping the consensus estimate of $3.38 by $0.01. Pool had a net margin of 7.77% and a return on equity of 31.40%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the company earned $3.26 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, sell-side analysts expect that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, November 12th. Pool’s payout ratio is currently 45.58%.

Pool Company Profile

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.