Conestoga Capital Advisors LLC Cuts Holdings in Pool Corporation $POOL

Conestoga Capital Advisors LLC trimmed its holdings in shares of Pool Corporation (NASDAQ:POOL) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 133,773 shares of the specialty retailer’s stock after selling 120 shares during the period. Conestoga Capital Advisors LLC owned approximately 0.36% of Pool worth $38,992,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in POOL. GAMMA Investing LLC boosted its stake in Pool by 5.7% during the 1st quarter. GAMMA Investing LLC now owns 816 shares of the specialty retailer’s stock valued at $260,000 after purchasing an additional 44 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Pool by 15.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 484 shares of the specialty retailer’s stock valued at $154,000 after purchasing an additional 63 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Pool by 2.6% during the 1st quarter. State of Alaska Department of Revenue now owns 4,457 shares of the specialty retailer’s stock valued at $1,418,000 after purchasing an additional 115 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Pool by 20.3% in the 1st quarter. Blue Trust Inc. now owns 225 shares of the specialty retailer’s stock worth $72,000 after buying an additional 38 shares during the last quarter. Finally, Praxis Investment Management Inc. boosted its stake in shares of Pool by 77.9% in the 1st quarter. Praxis Investment Management Inc. now owns 1,690 shares of the specialty retailer’s stock worth $538,000 after buying an additional 740 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Pool Price Performance

Shares of Pool stock opened at $290.21 on Monday. Pool Corporation has a one year low of $282.22 and a one year high of $395.60. The stock’s fifty day moving average is $312.84 and its 200 day moving average is $306.62. The stock has a market cap of $10.83 billion, a P/E ratio of 26.77, a P/E/G ratio of 3.96 and a beta of 1.11. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 2.52.

Pool (NASDAQ:POOL) last announced 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 company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the firm earned $4.99 EPS. Pool’s revenue for the quarter was up .9% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Sell-side analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. Pool’s dividend payout ratio (DPR) is currently 46.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on POOL shares. Guggenheim started coverage on Pool in a research note on Wednesday, October 8th. They issued a “neutral” rating on the stock. Wells Fargo & Company raised their price target on Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. Robert W. Baird raised their price target on Pool from $310.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Oppenheimer raised their price target on Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 29th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Pool in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $342.14.

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.