Thrivent Financial for Lutherans Sells 15,128 Shares of Pool Corporation $POOL

Thrivent Financial for Lutherans trimmed its position in shares of Pool Corporation (NASDAQ:POOL) by 37.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,854 shares of the specialty retailer’s stock after selling 15,128 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of Pool worth $7,245,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of POOL. Public Sector Pension Investment Board boosted its position in shares of Pool by 8.9% during the 1st quarter. Public Sector Pension Investment Board now owns 5,191 shares of the specialty retailer’s stock worth $1,653,000 after acquiring an additional 426 shares in the last quarter. Brooklyn Investment Group lifted its stake in Pool by 53.1% during the first quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 51 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Pool by 5.3% in the 1st quarter. Aptus Capital Advisors LLC now owns 2,521 shares of the specialty retailer’s stock valued at $803,000 after purchasing an additional 128 shares in the last quarter. Korea Investment CORP boosted its holdings in shares of Pool by 11.3% in the 1st quarter. Korea Investment CORP now owns 19,472 shares of the specialty retailer’s stock valued at $6,199,000 after purchasing an additional 1,972 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Pool in the 1st quarter valued at $2,353,000. 98.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. KeyCorp initiated coverage on Pool in a research report on Tuesday, September 30th. They set a “sector weight” rating for the company. Wells Fargo & Company lowered their target price on Pool from $320.00 to $250.00 and set an “equal weight” rating for the company in a research note on Monday. 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. William Blair reaffirmed a “market perform” rating on shares of Pool in a report on Wednesday, October 15th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Pool in a research note on Monday. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pool has an average rating of “Hold” and an average price target of $319.29.

Pool Stock Performance

NASDAQ:POOL opened at $236.36 on Friday. The stock’s 50-day moving average is $258.16 and its 200-day moving average is $291.19. Pool Corporation has a 1-year low of $229.63 and a 1-year high of $374.74. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. The stock has a market cap of $8.80 billion, a P/E ratio of 21.55, a price-to-earnings-growth ratio of 4.43 and a beta of 1.23.

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

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, November 12th. Pool’s payout ratio is 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.