Norden Group LLC Sells 446 Shares of Pool Corporation $POOL

Norden Group LLC reduced its holdings in Pool Corporation (NASDAQ:POOL) by 20.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,741 shares of the specialty retailer’s stock after selling 446 shares during the quarter. Norden Group LLC’s holdings in Pool were worth $507,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in POOL. Vanguard Group Inc. lifted its stake in Pool by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,456,246 shares of the specialty retailer’s stock worth $1,418,646,000 after acquiring an additional 12,795 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of 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 worth $716,422,000 after purchasing an additional 50,566 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Pool by 3.6% during the 1st quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer’s stock valued at $409,054,000 after purchasing an additional 44,897 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Pool by 1.1% during the first quarter. Wellington Management Group LLP now owns 1,054,066 shares of the specialty retailer’s stock valued at $335,562,000 after buying an additional 11,552 shares during the period. Finally, Mawer Investment Management Ltd. bought a new position in Pool in the first quarter worth about $168,735,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on POOL shares. Wells Fargo & Company lifted their price objective on Pool from $300.00 to $320.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Robert W. Baird lifted their price target on Pool from $310.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Oppenheimer increased their price objective on Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a report on Tuesday, July 29th. Finally, Wall Street Zen raised Pool from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $342.14.

Pool Stock Performance

Pool stock opened at $305.08 on Friday. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $11.39 billion, a P/E ratio of 28.14, a PEG ratio of 4.31 and a beta of 1.08. The stock’s 50 day moving average is $316.47 and its 200 day moving average is $309.43.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, July 24th. The specialty retailer reported $5.17 EPS for the quarter, topping analysts’ consensus estimates of $5.12 by $0.05. Pool had a return on equity of 30.99% and a net margin of 7.79%.The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the prior year, the firm posted $4.99 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, equities research analysts predict that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, August 14th. Pool’s dividend payout ratio (DPR) is currently 46.13%.

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.