Fox Run Management L.L.C. Takes Position in Pool Corporation $POOL

Fox Run Management L.L.C. purchased a new position in shares of Pool Corporation (NASDAQ:POOL) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,479 shares of the specialty retailer’s stock, valued at approximately $2,180,000. Pool accounts for about 0.4% of Fox Run Management L.L.C.’s portfolio, making the stock its 16th largest position.

A number of other hedge funds have also added to or reduced their stakes in the company. Soltis Investment Advisors LLC raised its position in Pool by 22.7% during the second quarter. Soltis Investment Advisors LLC now owns 1,422 shares of the specialty retailer’s stock valued at $414,000 after purchasing an additional 263 shares in the last quarter. Achmea Investment Management B.V. increased its stake in shares of Pool by 37.5% in the 2nd quarter. Achmea Investment Management B.V. now owns 4,480 shares of the specialty retailer’s stock valued at $1,305,000 after purchasing an additional 1,221 shares during the last quarter. Resona Asset Management Co. Ltd. raised its holdings in shares of Pool by 5.3% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 13,388 shares of the specialty retailer’s stock worth $3,905,000 after buying an additional 677 shares in the last quarter. Bryce Point Capital LLC lifted its position in shares of Pool by 9.0% during the 2nd quarter. Bryce Point Capital LLC now owns 2,968 shares of the specialty retailer’s stock worth $865,000 after buying an additional 246 shares during the last quarter. Finally, Machina Capital S.A.S. boosted its stake in Pool by 68.7% in the second quarter. Machina Capital S.A.S. now owns 3,408 shares of the specialty retailer’s stock valued at $993,000 after buying an additional 1,388 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on POOL shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Pool in a research note on Wednesday, October 8th. William Blair reaffirmed a “market perform” rating on shares of Pool in a report on Wednesday, October 15th. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Robert W. Baird set a $345.00 target price on shares of Pool in a research report on Friday, October 24th. Finally, Guggenheim initiated coverage on shares of Pool in a research note on Wednesday, October 8th. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $337.86.

Pool Trading Up 1.5%

NASDAQ:POOL opened at $252.01 on Friday. 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 Corporation has a 1 year low of $242.10 and a 1 year high of $395.60. The company has a market cap of $9.39 billion, a P/E ratio of 22.97, a P/E/G ratio of 3.94 and a beta of 1.12. The stock’s fifty day moving average price is $300.80 and its two-hundred day moving average price is $303.76.

Pool (NASDAQ:POOL) last announced 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. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.46 billion. Pool had a net margin of 7.77% and a return on equity of 31.40%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $3.26 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, analysts expect that Pool Corporation will post 11.32 EPS for the current year.

Pool Announces Dividend

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 paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $5.00 annualized dividend and a yield of 2.0%. Pool’s dividend payout ratio (DPR) is currently 45.58%.

Pool 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.