Farther Finance Advisors LLC Has $298,000 Stake in Pool Corporation $POOL

Farther Finance Advisors LLC trimmed its holdings in shares of Pool Corporation (NASDAQ:POOL) by 17.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,022 shares of the specialty retailer’s stock after selling 210 shares during the period. Farther Finance Advisors LLC’s holdings in Pool were worth $298,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Assenagon Asset Management S.A. increased its holdings in Pool by 464.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 10,928 shares of the specialty retailer’s stock valued at $3,185,000 after purchasing an additional 8,991 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in Pool by 4.4% during the 2nd quarter. IFM Investors Pty Ltd now owns 7,748 shares of the specialty retailer’s stock valued at $2,258,000 after purchasing an additional 330 shares in the last quarter. Atticus Wealth Management LLC acquired a new stake in Pool during the 2nd quarter valued at $136,000. Financiere des Professionnels Fonds d investissement inc. increased its holdings in Pool by 36.5% during the 2nd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,080 shares of the specialty retailer’s stock valued at $4,396,000 after purchasing an additional 4,036 shares in the last quarter. Finally, New England Research & Management Inc. acquired a new stake in Pool during the 2nd quarter valued at $306,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Stock Up 1.6%

NASDAQ:POOL opened at $310.90 on Tuesday. Pool Corporation has a 12-month low of $282.22 and a 12-month high of $395.60. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $11.60 billion, a P/E ratio of 28.68, a P/E/G ratio of 4.24 and a beta of 1.08. The stock’s fifty day simple moving average is $316.85 and its 200-day simple moving average is $308.81.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.05. Pool had a return on equity of 30.99% and a net margin of 7.79%.The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period last year, the company earned $4.99 EPS. The firm’s revenue was up .9% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Equities research analysts expect that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a dividend of $1.25 per share. The ex-dividend date was Thursday, August 14th. This represents a $5.00 annualized dividend and a yield of 1.6%. Pool’s payout ratio is currently 46.13%.

Wall Street Analyst Weigh In

Several research firms have recently commented on POOL. Wall Street Zen raised Pool from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Wells Fargo & Company lifted their target price on Pool from $300.00 to $320.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Robert W. Baird lifted their target price on Pool from $310.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Finally, Oppenheimer lifted their target price on Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a research note on Tuesday, July 29th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Pool presently has a consensus rating of “Hold” and an average target price of $342.14.

About Pool

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.