Wealthfront Advisers LLC Sells 13,372 Shares of Pool Corporation $POOL

Wealthfront Advisers LLC lessened its position in Pool Corporation (NASDAQ:POOL) by 91.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,205 shares of the specialty retailer’s stock after selling 13,372 shares during the period. Wealthfront Advisers LLC’s holdings in Pool were worth $351,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mid American Wealth Advisory Group Inc. bought a new position in shares of Pool in the second quarter worth approximately $34,000. Brooklyn Investment Group increased its holdings in Pool by 53.1% during the first quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 51 shares during the last quarter. WPG Advisers LLC purchased a new stake in Pool during the first quarter valued at approximately $49,000. Steph & Co. purchased a new stake in Pool during the second quarter valued at approximately $49,000. Finally, Geneos Wealth Management Inc. increased its holdings in Pool by 164.4% during the first quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer’s stock valued at $50,000 after buying an additional 97 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Price Performance

Pool stock opened at $266.90 on Friday. The firm has a 50-day moving average price of $307.05 and a 200-day moving average price of $305.46. The firm has a market capitalization of $9.96 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 3.94 and a beta of 1.11. 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 12-month low of $266.00 and a 12-month high of $395.60.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.01. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Pool had a net margin of 7.77% and a return on equity of 31.40%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.26 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, equities research analysts forecast that Pool Corporation will post 11.32 EPS for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 12th. Pool’s payout ratio is 45.58%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. William Blair reissued a “market perform” rating on shares of Pool in a research note on Wednesday, October 15th. Robert W. Baird set a $345.00 price objective on shares of Pool in a research note on Friday, October 24th. Oppenheimer upped their target price on shares of Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Guggenheim started coverage on shares of Pool in a research report on Wednesday, October 8th. They set a “neutral” rating for the company. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Pool has an average rating of “Hold” and an average price target of $337.86.

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.