Caxton Associates LLP Purchases New Stake in Pool Corporation $POOL

Caxton Associates LLP acquired a new position in shares of Pool Corporation (NASDAQ:POOL) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,819 shares of the specialty retailer’s stock, valued at approximately $1,113,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Public Sector Pension Investment Board boosted its holdings in shares of Pool by 8.9% in the 1st quarter. Public Sector Pension Investment Board now owns 5,191 shares of the specialty retailer’s stock valued at $1,653,000 after buying an additional 426 shares during the period. Russell Investments Group Ltd. boosted its stake in Pool by 0.6% in the first quarter. Russell Investments Group Ltd. now owns 34,946 shares of the specialty retailer’s stock valued at $11,114,000 after acquiring an additional 202 shares during the period. Aberdeen Group plc grew its holdings in shares of Pool by 112.3% during the first quarter. Aberdeen Group plc now owns 33,110 shares of the specialty retailer’s stock valued at $10,427,000 after purchasing an additional 17,515 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Pool by 3.3% during the 1st quarter. Raymond James Financial Inc. now owns 353,832 shares of the specialty retailer’s stock worth $112,643,000 after purchasing an additional 11,153 shares during the period. Finally, Brooklyn Investment Group lifted its holdings in shares of Pool by 53.1% in the 1st quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Trading Down 0.8%

Shares of NASDAQ POOL opened at $238.34 on Tuesday. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. Pool Corporation has a one year low of $229.63 and a one year high of $374.74. The business has a 50-day moving average price of $261.96 and a two-hundred day moving average price of $292.40. The firm has a market capitalization of $8.88 billion, a PE ratio of 21.73, a PEG ratio of 4.51 and a beta of 1.23.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the firm earned $3.26 earnings per share. The firm’s 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, analysts predict that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, November 12th. Pool’s payout ratio is currently 45.58%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. William Blair restated a “market perform” rating on shares of Pool in a research report on Wednesday, October 15th. Robert W. Baird set a $345.00 target price on shares of Pool in a research note on Friday, October 24th. Guggenheim assumed coverage on shares of Pool in a research report on Wednesday, October 8th. They issued a “neutral” rating for the company. KeyCorp began coverage on Pool in a report on Tuesday, September 30th. They set a “sector weight” rating on the stock. Finally, The Goldman Sachs Group set a $360.00 price objective on Pool and gave the stock a “buy” rating in a report on Thursday, October 23rd. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $327.86.

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.