Pool (NASDAQ:POOL) Stock Price Down 5.6% – Here’s What Happened
by Teresa Graham · The Cerbat GemPool Corporation (NASDAQ:POOL – Get Free Report)’s share price traded down 5.6% on Tuesday . The stock traded as low as $191.38 and last traded at $191.8480. 230,402 shares changed hands during trading, a decline of 71% from the average session volume of 795,773 shares. The stock had previously closed at $203.23.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. The Goldman Sachs Group dropped their price target on Pool from $360.00 to $310.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. Oppenheimer decreased their price objective on Pool from $346.00 to $280.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Robert W. Baird decreased their price objective on Pool from $320.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Wall Street Zen raised Pool from a “sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft set a $246.00 price objective on Pool in a report on Friday, February 20th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $265.13.
Check Out Our Latest Stock Analysis on POOL
Pool Stock Down 6.3%
The business has a fifty day simple moving average of $213.93 and a 200 day simple moving average of $239.73. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 2.64 and a beta of 1.16. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.87 and a quick ratio of 0.55.
Pool (NASDAQ:POOL – Get Free Report) last announced its earnings results on Thursday, April 23rd. The specialty retailer reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.09. Pool had a return on equity of 32.37% and a net margin of 7.57%.The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the firm earned $1.32 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. Pool has set its FY 2026 guidance at 10.870-11.170 EPS. As a group, equities analysts forecast that Pool Corporation will post 11.07 EPS for the current fiscal year.
Pool Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Thursday, May 14th. This is an increase from Pool’s previous quarterly dividend of $1.25. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.7%. Pool’s payout ratio is currently 47.84%.
Pool declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 29th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the specialty retailer to buy up to 7.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Insider Buying and Selling at Pool
In other news, SVP Romain Kenneth G. St bought 5,560 shares of Pool stock in a transaction on Monday, February 23rd. The stock was acquired at an average price of $218.67 per share, with a total value of $1,215,805.20. Following the completion of the acquisition, the senior vice president directly owned 82,845 shares of the company’s stock, valued at $18,115,716.15. The trade was a 7.19% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Melanie M. Hart sold 2,750 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $220.00, for a total value of $605,000.00. Following the completion of the sale, the chief financial officer directly owned 18,039 shares of the company’s stock, valued at approximately $3,968,580. This represents a 13.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 3.00% of the company’s stock.
Institutional Investors Weigh In On Pool
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC acquired a new stake in shares of Pool in the third quarter valued at approximately $29,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Pool in the second quarter valued at approximately $30,000. MUFG Securities EMEA plc acquired a new stake in shares of Pool in the second quarter valued at approximately $33,000. Clearstead Advisors LLC increased its holdings in shares of Pool by 100.0% in the fourth quarter. Clearstead Advisors LLC now owns 122 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 61 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of Pool by 78.6% in the fourth quarter. Private Trust Co. NA now owns 125 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.
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.