Thrive Wealth Management LLC Sells 230 Shares of Pool Co. (NASDAQ:POOL)

Thrive Wealth Management LLC reduced its holdings in shares of Pool Co. (NASDAQ:POOL) by 25.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 681 shares of the specialty retailer’s stock after selling 230 shares during the period. Thrive Wealth Management LLC’s holdings in Pool were worth $232,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in POOL. Heritage Family Offices LLP grew its position in Pool by 2.2% in the third quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer’s stock valued at $482,000 after purchasing an additional 28 shares in the last quarter. CWM LLC grew its holdings in shares of Pool by 3.7% in the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock valued at $293,000 after acquiring an additional 28 shares in the last quarter. Aurora Investment Counsel increased its position in shares of Pool by 0.6% in the second quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock valued at $1,542,000 after acquiring an additional 30 shares during the last quarter. Summit Trail Advisors LLC raised its holdings in Pool by 4.8% during the second quarter. Summit Trail Advisors LLC now owns 678 shares of the specialty retailer’s stock worth $208,000 after acquiring an additional 31 shares in the last quarter. Finally, Empirical Finance LLC raised its holdings in Pool by 3.7% during the third quarter. Empirical Finance LLC now owns 1,103 shares of the specialty retailer’s stock worth $416,000 after acquiring an additional 39 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Pool Trading Up 0.2 %

Shares of POOL stock opened at $350.26 on Tuesday. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a market capitalization of $13.33 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 1.83 and a beta of 1.03. The firm has a 50 day moving average price of $355.49 and a two-hundred day moving average price of $354.58. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.11. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.50 EPS. As a group, analysts predict that Pool Co. will post 11.03 earnings per share for the current year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Wednesday, November 13th. Pool’s dividend payout ratio is 41.31%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Stifel Nicolaus upped their price target on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Loop Capital increased their price target on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Oppenheimer boosted their price objective on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Finally, StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research note on Sunday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $369.25.

About Pool

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.