AXQ Capital LP Makes New Investment in Pool Corporation $POOL

AXQ Capital LP purchased a new stake in Pool Corporation (NASDAQ:POOL) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,636 shares of the specialty retailer’s stock, valued at approximately $1,060,000.

Other hedge funds also recently made changes to their positions in the company. Cim LLC lifted its stake in Pool by 1.3% during the first quarter. Cim LLC now owns 2,993 shares of the specialty retailer’s stock valued at $953,000 after purchasing an additional 38 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of Pool by 14.0% in the second quarter. Whittier Trust Co. now owns 375 shares of the specialty retailer’s stock valued at $109,000 after buying an additional 46 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Pool by 53.1% during the 1st quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 51 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Pool by 24.4% during the 2nd quarter. Blue Trust Inc. now owns 280 shares of the specialty retailer’s stock worth $82,000 after acquiring an additional 55 shares in the last quarter. Finally, YANKCOM Partnership grew its holdings in shares of Pool by 29.5% in the 2nd quarter. YANKCOM Partnership now owns 268 shares of the specialty retailer’s stock worth $78,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Price Performance

NASDAQ POOL opened at $239.98 on Friday. The company has a 50 day simple moving average of $285.28 and a 200-day simple moving average of $299.87. Pool Corporation has a 52-week low of $229.63 and a 52-week high of $395.60. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 3.94 and a beta of 1.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.57 and a quick ratio of 0.87.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.01. Pool had a return on equity of 31.40% and a net margin of 7.77%.The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the company posted $3.26 earnings per share. 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. Equities research analysts predict that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, November 12th. Pool’s dividend payout ratio (DPR) is presently 45.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on POOL shares. Wall Street Zen upgraded Pool from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. KeyCorp assumed coverage on shares of Pool in a research note on Tuesday, September 30th. They set a “sector weight” rating for the company. Guggenheim started coverage on shares of Pool in a report on Wednesday, October 8th. They issued a “neutral” rating for the company. William Blair restated a “market perform” rating on shares of Pool in a report on Wednesday, October 15th. Finally, The Goldman Sachs Group set a $360.00 price objective on shares of Pool and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Pool presently has an average rating of “Hold” and an average price target of $337.86.

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.