Oak Thistle LLC Sells 3,789 Shares of Pool Corporation $POOL

Oak Thistle LLC cut its position in Pool Corporation (NASDAQ:POOL) by 85.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 659 shares of the specialty retailer’s stock after selling 3,789 shares during the quarter. Oak Thistle LLC’s holdings in Pool were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of POOL. Berkshire Hathaway Inc increased its stake in shares of Pool by 136.3% in the second quarter. Berkshire Hathaway Inc now owns 3,458,885 shares of the specialty retailer’s stock worth $1,008,196,000 after purchasing an additional 1,994,885 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Pool by 2.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer’s stock valued at $716,422,000 after buying an additional 50,566 shares during the last quarter. Invesco Ltd. increased its position in Pool by 11.1% in the 2nd quarter. Invesco Ltd. now owns 699,628 shares of the specialty retailer’s stock worth $203,928,000 after buying an additional 70,075 shares during the period. Massachusetts Financial Services Co. MA increased its position in Pool by 35.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 616,041 shares of the specialty retailer’s stock worth $179,564,000 after buying an additional 160,878 shares during the period. Finally, William Blair Investment Management LLC lifted its holdings in shares of Pool by 13.9% during the second quarter. William Blair Investment Management LLC now owns 586,310 shares of the specialty retailer’s stock worth $170,898,000 after buying an additional 71,373 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Performance

NASDAQ POOL opened at $232.01 on Friday. The stock has a market cap of $8.64 billion, a P/E ratio of 21.15, a PEG ratio of 4.35 and a beta of 1.23. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76. Pool Corporation has a twelve month low of $229.63 and a twelve month high of $374.74. The company’s 50-day simple moving average is $257.00 and its 200 day simple moving average is $290.61.

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, 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 company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the business earned $3.26 earnings per share. The company’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. As a group, research analysts forecast 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. Shareholders of record on Wednesday, November 12th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Wednesday, November 12th. Pool’s dividend payout ratio is 45.58%.

Wall Street Analyst Weigh In

POOL has been the topic of several research analyst reports. William Blair restated a “market perform” rating on shares of Pool in a research note on Wednesday, October 15th. Guggenheim began coverage on shares of Pool in a research report on Wednesday, October 8th. They issued a “neutral” rating on the stock. Robert W. Baird set a $345.00 price objective on shares of Pool in a report on Friday, October 24th. KeyCorp initiated coverage on shares of Pool in a research note on Tuesday, September 30th. They issued a “sector weight” rating for the company. Finally, Stifel Nicolaus decreased their target price on Pool from $295.00 to $240.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $319.29.

Pool Company Profile

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.