Tributary Capital Management LLC Has $348,000 Position in Pool Co. (NASDAQ:POOL)

Tributary Capital Management LLC lessened its stake in Pool Co. (NASDAQ:POOL) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brooklyn Investment Group bought a new stake in shares of Pool in the 3rd quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB acquired a new stake in Pool in the third quarter valued at approximately $60,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of 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 purchasing an additional 164 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Pool by 24.8% during the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock worth $151,000 after purchasing an additional 80 shares during the last quarter. Finally, Hilltop National Bank lifted 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 purchasing an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Trading Down 2.3 %

Shares of POOL stock opened at $353.74 on Friday. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The firm’s fifty day simple moving average is $355.69 and its 200 day simple moving average is $355.84. The firm has a market capitalization of $13.46 billion, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 2.02 and a beta of 1.03.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. Pool’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.50 earnings per share. As a group, sell-side analysts predict that Pool Co. will post 11.03 EPS 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 $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is presently 41.31%.

Analyst Upgrades and Downgrades

POOL has been the topic of several analyst reports. Loop Capital increased their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Wells Fargo & Company raised their price objective on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Stifel Nicolaus upped their target price on Pool from $335.00 to $340.00 and gave the stock a “hold” 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 report on Sunday, January 19th. Finally, Robert W. Baird upped their price objective on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $369.25.

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.