Thrive Wealth Management LLC Takes $343,000 Position in Pool Co. (NASDAQ:POOL)

Thrive Wealth Management LLC bought a new stake in shares of Pool Co. (NASDAQ:POOL) in the third quarter, Holdings Channel reports. The institutional investor bought 911 shares of the specialty retailer’s stock, valued at approximately $343,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Taylor Frigon Capital Management LLC increased its stake in Pool by 0.8% in the second quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer’s stock worth $1,089,000 after purchasing an additional 28 shares during the period. Czech National Bank increased its stake in shares of Pool by 0.4% during the first quarter. Czech National Bank now owns 6,805 shares of the specialty retailer’s stock valued at $2,746,000 after buying an additional 30 shares during the period. Wedmont Private Capital increased its stake in shares of Pool by 5.4% during the first quarter. Wedmont Private Capital now owns 590 shares of the specialty retailer’s stock valued at $236,000 after buying an additional 30 shares during the period. TIAA Trust National Association increased its stake in shares of Pool by 4.2% during the first quarter. TIAA Trust National Association now owns 747 shares of the specialty retailer’s stock valued at $301,000 after buying an additional 30 shares during the period. Finally, Aurora Investment Counsel increased its stake in shares of Pool by 0.6% during the second quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock valued at $1,542,000 after buying an additional 30 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Down 2.0 %

NASDAQ POOL traded down $7.54 during trading on Friday, hitting $363.91. The company’s stock had a trading volume of 341,618 shares, compared to its average volume of 354,936. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. The company has a market cap of $13.92 billion, a PE ratio of 29.06, a P/E/G ratio of 2.73 and a beta of 1.00. The business’s 50 day simple moving average is $356.81 and its 200-day simple moving average is $357.69. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.09. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $5.89 earnings per share. On average, equities analysts anticipate that Pool Co. will post 10.99 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.32%. The ex-dividend date was Thursday, August 15th. Pool’s dividend payout ratio is presently 37.56%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Robert W. Baird raised their price objective on Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Oppenheimer raised their price objective on Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Bank of America dropped their price objective on Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. Finally, Loop Capital dropped their price objective on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $350.00.

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.