Thrive Wealth Management LLC Purchases 83 Shares of Pool Co. (NASDAQ:POOL)

Thrive Wealth Management LLC raised its stake in shares of Pool Co. (NASDAQ:POOL) by 12.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 738 shares of the specialty retailer’s stock after purchasing an additional 83 shares during the quarter. Thrive Wealth Management LLC’s holdings in Pool were worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Brookstone Capital Management increased its stake in Pool by 41.4% during the 2nd quarter. Brookstone Capital Management now owns 1,538 shares of the specialty retailer’s stock valued at $563,000 after purchasing an additional 450 shares in the last quarter. OneAscent Wealth Management LLC increased its stake in Pool by 4.1% during the 2nd quarter. OneAscent Wealth Management LLC now owns 1,020 shares of the specialty retailer’s stock valued at $382,000 after purchasing an additional 40 shares in the last quarter. Telemus Capital LLC increased its stake in Pool by 24.0% during the 2nd quarter. Telemus Capital LLC now owns 10,281 shares of the specialty retailer’s stock valued at $3,852,000 after purchasing an additional 1,993 shares in the last quarter. Thompson Investment Management Inc. acquired a new position in Pool during the 2nd quarter valued at approximately $290,000. Finally, SG Americas Securities LLC increased its stake in Pool by 129.9% during the 2nd quarter. SG Americas Securities LLC now owns 4,126 shares of the specialty retailer’s stock valued at $1,546,000 after purchasing an additional 2,331 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on POOL. Stifel Nicolaus increased their price objective on shares of Pool from $320.00 to $350.00 in a research note on Monday, July 17th. Oppenheimer increased their price objective on shares of Pool from $375.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, July 21st. Finally, StockNews.com began coverage on shares of Pool in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $386.70.

Pool Stock Performance

POOL opened at $346.58 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.79. The company has a market cap of $13.53 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 4.49 and a beta of 0.98. Pool Co. has a 52-week low of $278.10 and a 52-week high of $423.97. The firm’s fifty day simple moving average is $366.47 and its two-hundred day simple moving average is $351.83.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 20th. The specialty retailer reported $5.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.01 by ($0.12). The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Pool had a net margin of 10.32% and a return on equity of 45.78%. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $7.59 earnings per share. Equities analysts anticipate that Pool Co. will post 13.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Wednesday, August 9th. Pool’s dividend payout ratio (DPR) is 29.16%.

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.