Pool Co. (NASDAQ:POOL) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. lowered its position in Pool Co. (NASDAQ:POOL) by 4.1% during the third quarter, Holdings Channel.com reports. The fund owned 20,371 shares of the specialty retailer’s stock after selling 874 shares during the quarter. Centaurus Financial Inc.’s holdings in Pool were worth $7,676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Taylor Frigon Capital Management LLC increased its position in shares of Pool by 0.8% during the second quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer’s stock worth $1,089,000 after acquiring an additional 28 shares during the last quarter. Heritage Family Offices LLP grew its holdings in Pool by 2.2% during the 3rd quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer’s stock worth $482,000 after acquiring an additional 28 shares in the last quarter. CWM LLC increased its stake in Pool by 3.7% during the third quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock valued at $293,000 after purchasing an additional 28 shares during the last quarter. Aurora Investment Counsel grew its position in shares of Pool by 0.6% during the 2nd quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock valued at $1,542,000 after buying an additional 30 shares during the last quarter. Finally, First Citizens Bank & Trust Co. grew its stake in Pool by 1.3% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 2,405 shares of the specialty retailer’s stock worth $739,000 after buying an additional 31 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Trading Up 0.6 %

Shares of POOL stock opened at $366.49 on Friday. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $365.93 and its two-hundred day moving average is $352.43. The company has a market cap of $13.95 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 2.21 and a beta of 1.01. Pool Co. has a 12 month low of $293.51 and a 12 month 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 analysts’ consensus estimates of $3.15 by $0.11. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.50 EPS. Equities analysts predict that Pool Co. will post 11 EPS for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is currently 41.31%.

Analysts Set New Price Targets

A number of brokerages have issued reports on POOL. Oppenheimer boosted their price target on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Robert W. Baird increased their price objective on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Wells Fargo & Company increased their price target on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, Loop Capital boosted their price objective on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Pool currently has an average rating of “Hold” and an average target price of $369.11.

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.