Tritonpoint Wealth LLC Has $294,000 Holdings in Pool Co. (NASDAQ:POOL)

Tritonpoint Wealth LLC lessened its holdings in Pool Co. (NASDAQ:POOL) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 922 shares of the specialty retailer’s stock after selling 126 shares during the period. Tritonpoint Wealth LLC’s holdings in Pool were worth $294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Rakuten Securities Inc. lifted its stake in shares of Pool by 2,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 69 shares during the last quarter. Whipplewood Advisors LLC lifted its stake in shares of Pool by 471.4% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 66 shares during the last quarter. City Holding Co. acquired a new stake in shares of Pool in the 1st quarter valued at $26,000. Atala Financial Inc acquired a new stake in shares of Pool in the 4th quarter valued at $29,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Pool in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Insider Activity

In related news, SVP Jennifer M. Neil sold 1,223 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $315.00, for a total value of $385,245.00. Following the completion of the transaction, the senior vice president now owns 9,667 shares of the company’s stock, valued at $3,045,105. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is owned by company insiders.

Pool Stock Down 2.3%

Shares of POOL opened at $288.90 on Friday. The company has a 50-day simple moving average of $303.53 and a 200-day simple moving average of $329.37. The firm has a market capitalization of $10.86 billion, a P/E ratio of 25.61, a P/E/G ratio of 2.03 and a beta of 1.12. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. Pool Co. has a 52 week low of $284.28 and a 52 week high of $395.60.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.10). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. Pool had a net margin of 8.18% and a return on equity of 31.11%. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.85 EPS. On average, equities research analysts expect that Pool Co. will post 11.32 earnings per share for the current year.

Pool declared that its board has initiated a stock buyback program on Wednesday, April 30th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the specialty retailer to buy up to 5.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Pool Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a dividend of $1.25 per share. The ex-dividend date was Thursday, May 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.73%. This is a positive change from Pool’s previous quarterly dividend of $1.20. Pool’s dividend payout ratio is currently 46.90%.

Wall Street Analyst Weigh In

POOL has been the subject of a number of research analyst reports. Stephens cut their target price on shares of Pool from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Wall Street Zen lowered shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Pool in a research report on Tuesday, April 1st. They set a “hold” rating and a $344.00 target price for the company. Stifel Nicolaus set a $300.00 target price on shares of Pool in a research report on Friday, April 25th. Finally, Wells Fargo & Company set a $300.00 target price on shares of Pool in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Pool presently has a consensus rating of “Hold” and a consensus price target of $336.22.

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.