Thrive Wealth Management LLC Takes Position in Pool Co. (NASDAQ:POOL)

Thrive Wealth Management LLC bought a new stake in shares of Pool Co. (NASDAQ:POOL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 911 shares of the specialty retailer’s stock, valued at approximately $343,000.

Other hedge funds have also recently modified their holdings of the company. Tortoise Investment Management LLC boosted its holdings in shares of Pool by 68.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 42 shares in the last quarter. Crewe Advisors LLC boosted its stake in Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 79 shares in the last quarter. UMB Bank n.a. boosted its stake in Pool by 26.2% in the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after purchasing an additional 43 shares in the last quarter. Ridgewood Investments LLC bought a new position in Pool in the 2nd quarter worth about $74,000. Finally, Summit Securities Group LLC bought a new position in Pool in the 2nd quarter worth about $75,000. Institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

Shares of NASDAQ POOL traded down $7.54 during midday trading on Friday, hitting $363.91. 341,618 shares of the company’s stock traded hands, compared to its average volume of 354,936. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The stock has a market capitalization of $13.92 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 2.73 and a beta of 1.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. The firm has a fifty day moving average of $356.81 and a 200 day moving average of $357.69.

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

Pool Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on POOL. Bank of America dropped their price target on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 25th. Wells Fargo & Company boosted their target price on Pool from $285.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Stifel Nicolaus boosted their target price on Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Loop Capital decreased their target price on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research report on Tuesday, June 25th. Finally, Stephens decreased their target price on Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Pool has an average rating of “Hold” and a consensus 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.