London Co. of Virginia Lowers Stake in Pool Corporation $POOL

London Co. of Virginia cut its position in shares of Pool Corporation (NASDAQ:POOL) by 4.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 492,958 shares of the specialty retailer’s stock after selling 21,650 shares during the period. London Co. of Virginia’s holdings in Pool were worth $143,689,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Clearstead Trust LLC purchased a new stake in shares of Pool during the 2nd quarter worth about $25,000. Chilton Capital Management LLC acquired a new position in Pool during the second quarter valued at approximately $30,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Pool during the second quarter worth approximately $34,000. Brooklyn Investment Group increased its position in shares of Pool by 53.1% in the first quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock worth $47,000 after acquiring an additional 51 shares in the last quarter. Finally, WPG Advisers LLC purchased a new position in shares of Pool in the 1st quarter valued at $49,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on POOL shares. Guggenheim assumed coverage on shares of Pool in a research report on Wednesday, October 8th. They set a “neutral” rating for the company. Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a research note on Monday. KeyCorp started coverage on Pool in a research note on Tuesday, September 30th. They issued a “sector weight” rating for the company. The Goldman Sachs Group set a $360.00 target price on Pool and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Robert W. Baird set a $345.00 price target on Pool in a report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pool has a consensus rating of “Hold” and an average price target of $337.86.

Pool Stock Performance

Shares of POOL opened at $240.27 on Friday. The stock has a market capitalization of $8.95 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 4.51 and a beta of 1.23. Pool Corporation has a 12-month low of $229.63 and a 12-month high of $374.74. The business’s fifty day moving average price is $263.34 and its 200 day moving average price is $292.94. 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 released its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.01. Pool had a net margin of 7.77% and a return on equity of 31.40%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business earned $3.26 earnings per share. Pool’s quarterly revenue was up 1.3% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Equities research analysts forecast that Pool Corporation will post 11.32 EPS for the current year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were given a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $5.00 annualized dividend and a yield of 2.1%. Pool’s dividend payout ratio (DPR) is currently 45.58%.

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.