Fox Run Management L.L.C. Buys New Holdings in Pool Corporation $POOL

Fox Run Management L.L.C. purchased a new position in shares of Pool Corporation (NASDAQ:POOL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,479 shares of the specialty retailer’s stock, valued at approximately $2,180,000. Pool comprises 0.4% of Fox Run Management L.L.C.’s holdings, making the stock its 16th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in shares of Pool during the 1st quarter worth approximately $1,084,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Pool by 17.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,755 shares of the specialty retailer’s stock valued at $22,525,000 after purchasing an additional 10,421 shares during the last quarter. Stephens Investment Management Group LLC boosted its position in Pool by 2.1% during the first quarter. Stephens Investment Management Group LLC now owns 117,083 shares of the specialty retailer’s stock worth $37,273,000 after purchasing an additional 2,460 shares during the period. Teacher Retirement System of Texas bought a new position in Pool during the first quarter worth $1,772,000. Finally, Geneva Capital Management LLC increased its holdings in shares of Pool by 11.1% in the second quarter. Geneva Capital Management LLC now owns 96,966 shares of the specialty retailer’s stock valued at $28,264,000 after purchasing an additional 9,673 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

NASDAQ POOL opened at $252.01 on Friday. The firm has a 50-day moving average price of $300.80 and a two-hundred day moving average price of $303.76. Pool Corporation has a 12-month low of $242.10 and a 12-month high of $395.60. The company has a market capitalization 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 company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 EPS for the quarter, topping the consensus estimate of $3.38 by $0.01. The company had revenue of $1.45 billion for 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 business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $3.26 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, November 12th. Pool’s dividend payout ratio is presently 45.58%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. The Goldman Sachs Group set a $360.00 price target on shares of Pool and gave the company a “buy” rating in a research note on Thursday, October 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Pool in a research report on Wednesday, October 8th. William Blair restated a “market perform” rating on shares of Pool in a report on Wednesday, October 15th. Finally, KeyCorp initiated coverage on Pool in a research report on Tuesday, September 30th. They issued a “sector weight” rating on the stock. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $337.86.

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.