Signaturefd LLC Lowers Holdings in Pool Corporation $POOL

Signaturefd LLC reduced its position in shares of Pool Corporation (NASDAQ:POOL) by 27.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 393 shares of the specialty retailer’s stock after selling 147 shares during the period. Signaturefd LLC’s holdings in Pool were worth $115,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in POOL. Patton Fund Management Inc. purchased a new position in Pool during the second quarter worth about $220,000. Congress Asset Management Co. grew its holdings in shares of Pool by 1.3% during the second quarter. Congress Asset Management Co. now owns 42,404 shares of the specialty retailer’s stock worth $12,360,000 after purchasing an additional 549 shares in the last quarter. Steph & Co. bought a new position in shares of Pool in the second quarter worth approximately $49,000. Covea Finance raised its stake in Pool by 73.3% in the second quarter. Covea Finance now owns 10,400 shares of the specialty retailer’s stock valued at $3,031,000 after purchasing an additional 4,400 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new stake in Pool during the second quarter valued at approximately $848,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

POOL has been the topic of a number of research analyst reports. KeyCorp started coverage on shares of Pool in a report on Tuesday, September 30th. They issued a “sector weight” rating on the stock. Wells Fargo & Company raised their price target on Pool from $300.00 to $320.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Oppenheimer upped their price objective on Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a report on Tuesday, July 29th. Wall Street Zen upgraded Pool from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Pool in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold 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 $342.14.

Pool Trading Down 0.8%

Shares of Pool stock opened at $309.61 on Friday. The business has a fifty day simple moving average of $316.01 and a 200-day simple moving average of $308.52. Pool Corporation has a fifty-two week low of $282.22 and a fifty-two week high of $395.60. The firm has a market cap of $11.55 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 4.29 and a beta of 1.11. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93.

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

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a $1.25 dividend. 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 46.13%.

Pool 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.