Thrive Wealth Management LLC Has $232,000 Stock Holdings in Pool Co. (NASDAQ:POOL)

Thrive Wealth Management LLC decreased its stake in shares of Pool Co. (NASDAQ:POOL) by 25.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in POOL. Brooklyn Investment Group acquired a new position in shares of Pool during the third quarter worth approximately $31,000. Wilmington Savings Fund Society FSB acquired a new position in Pool during the 3rd quarter worth $60,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Pool by 101.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock worth $123,000 after buying an additional 164 shares in the last quarter. GAMMA Investing LLC boosted its position in Pool by 24.8% in the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock valued at $151,000 after buying an additional 80 shares during the last quarter. Finally, Hilltop National Bank increased its stake in shares of Pool by 18.1% in the 4th quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock valued at $140,000 after buying an additional 63 shares during the period. Institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on POOL. Oppenheimer upped their price target on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research report on Sunday. Stifel Nicolaus boosted their price target on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Robert W. Baird lifted their target price on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company increased their price target on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $369.25.

Pool Stock Performance

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 current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $13.33 billion, a PE ratio of 30.14, a PEG ratio of 1.83 and a beta of 1.03. The stock’s fifty day simple moving average is $355.49 and its 200 day simple moving average is $354.58.

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

Pool Announces Dividend

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

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.