Thrive Wealth Management LLC Has $333,000 Position in Pool Co. (NASDAQ:POOL)

Thrive Wealth Management LLC increased its holdings in shares of Pool Co. (NASDAQ:POOL) by 8.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 824 shares of the specialty retailer’s stock after buying an additional 64 shares during the period. Thrive Wealth Management LLC’s holdings in Pool were worth $333,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in POOL. JPMorgan Chase & Co. lifted its holdings in shares of Pool by 56.7% during the third quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock worth $308,156,000 after purchasing an additional 313,190 shares during the period. Wasatch Advisors LP lifted its holdings in Pool by 1.2% during the 4th quarter. Wasatch Advisors LP now owns 479,051 shares of the specialty retailer’s stock worth $191,002,000 after buying an additional 5,834 shares during the period. London Co. of Virginia grew its position in shares of Pool by 0.9% in the 3rd quarter. London Co. of Virginia now owns 395,867 shares of the specialty retailer’s stock valued at $140,968,000 after buying an additional 3,597 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Pool by 25.0% in the third quarter. American Century Companies Inc. now owns 382,069 shares of the specialty retailer’s stock valued at $136,055,000 after buying an additional 76,346 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Pool by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 335,844 shares of the specialty retailer’s stock worth $133,904,000 after acquiring an additional 8,102 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

POOL has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on Pool from $360.00 to $290.00 and set an “equal weight” rating on the stock in a report on Tuesday. Bank of America decreased their price objective on shares of Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research report on Tuesday. Loop Capital dropped their target price on shares of Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a report on Tuesday. Robert W. Baird decreased their price target on Pool from $380.00 to $305.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Oppenheimer lowered their price objective on Pool from $416.00 to $356.00 and set an “outperform” rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $328.00.

Pool Stock Down 1.5 %

Shares of POOL stock traded down $4.71 on Thursday, reaching $307.57. 582,769 shares of the company were exchanged, compared to its average volume of 349,718. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56. The company has a 50-day moving average of $356.45 and a 200-day moving average of $378.12. The company has a market cap of $11.79 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 3.75 and a beta of 1.02. Pool Co. has a one year low of $299.24 and a one year high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). Pool had a return on equity of 35.49% and a net margin of 9.17%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the company posted $2.46 earnings per share. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. Analysts anticipate that Pool Co. will post 11.24 earnings per share for the current year.

Pool Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a $1.20 dividend. This is a boost from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Wednesday, May 15th. Pool’s dividend payout ratio (DPR) is currently 37.56%.

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.