Pool Co. (NASDAQ:POOL) Stake Reduced by Tributary Capital Management LLC

Tributary Capital Management LLC trimmed its stake in Pool Co. (NASDAQ:POOL) by 4.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,020 shares of the specialty retailer’s stock after selling 50 shares during the quarter. Tributary Capital Management LLC’s holdings in Pool were worth $348,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Heritage Family Offices LLP boosted its stake in Pool by 2.2% during the 3rd 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 during the period. CWM LLC grew its holdings in Pool by 3.7% in the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock worth $293,000 after buying an additional 28 shares in the last quarter. Aurora Investment Counsel increased its position in Pool by 0.6% in the 2nd 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 period. Empirical Finance LLC raised its stake in Pool by 3.7% during the 3rd quarter. Empirical Finance LLC now owns 1,103 shares of the specialty retailer’s stock valued at $416,000 after acquiring an additional 39 shares in the last quarter. Finally, Second Line Capital LLC boosted its position in Pool by 4.8% during the 3rd quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer’s stock worth $322,000 after acquiring an additional 39 shares during the period. Institutional investors own 98.99% of the company’s stock.

Pool Trading Down 2.3 %

Shares of POOL opened at $353.74 on Friday. The business’s 50-day moving average price is $355.69 and its 200 day moving average price is $355.84. 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 stock has a market capitalization of $13.46 billion, a P/E ratio of 30.44, a P/E/G ratio of 2.02 and a beta of 1.03. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73.

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

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.36%. The ex-dividend date was Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is currently 41.31%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on POOL shares. Stifel Nicolaus lifted their price objective on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Oppenheimer boosted their price target on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a research note on Sunday, January 19th. Loop Capital increased their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company upped their price objective on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $369.25.

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.