Praxis Investment Management Inc. Has $399,000 Stake in Pool Corporation $POOL

Praxis Investment Management Inc. decreased its holdings in shares of Pool Corporation (NASDAQ:POOL) by 18.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,370 shares of the specialty retailer’s stock after selling 320 shares during the quarter. Praxis Investment Management Inc.’s holdings in Pool were worth $399,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. raised its stake in Pool by 20.3% during the first quarter. Blue Trust Inc. now owns 225 shares of the specialty retailer’s stock worth $72,000 after acquiring an additional 38 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of Pool by 4.4% in the first quarter. First Horizon Advisors Inc. now owns 901 shares of the specialty retailer’s stock valued at $287,000 after buying an additional 38 shares during the period. Cim LLC increased its stake in shares of Pool by 1.3% in the first quarter. Cim LLC now owns 2,993 shares of the specialty retailer’s stock valued at $953,000 after buying an additional 38 shares during the period. GAMMA Investing LLC increased its stake in shares of Pool by 5.7% in the first quarter. GAMMA Investing LLC now owns 816 shares of the specialty retailer’s stock valued at $260,000 after buying an additional 44 shares during the period. Finally, Brooklyn Investment Group increased its stake in shares of Pool by 53.1% in the first quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 51 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

POOL has been the subject of several recent research reports. Oppenheimer upped their price objective on Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a research note on Tuesday, July 29th. Guggenheim initiated coverage on Pool in a research note on Wednesday, October 8th. They issued a “neutral” rating for the company. William Blair reaffirmed a “market perform” rating on shares of Pool in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pool in a research note on Wednesday, October 8th. Finally, Robert W. Baird upped their price objective on Pool from $310.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Pool presently has a consensus rating of “Hold” and an average target price of $342.14.

Pool Stock Performance

Shares of POOL stock opened at $290.21 on Friday. The business’s 50 day simple moving average is $312.84 and its 200 day simple moving average is $306.67. Pool Corporation has a one year low of $282.22 and a one year high of $395.60. The stock has a market capitalization of $10.83 billion, a PE ratio of 26.77, a PEG ratio of 3.96 and a beta of 1.11. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 24th. The specialty retailer reported $5.17 EPS for the quarter, beating the consensus estimate of $5.12 by $0.05. Pool had a return on equity of 30.99% and a net margin of 7.79%.The business 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 business posted $4.99 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, research analysts forecast 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 Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Thursday, August 14th. Pool’s dividend payout ratio is presently 46.13%.

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.