Centaurus Financial Inc. Sells 874 Shares of Pool Co. (NASDAQ:POOL)

Centaurus Financial Inc. reduced its position in shares of Pool Co. (NASDAQ:POOL) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,371 shares of the specialty retailer’s stock after selling 874 shares during the quarter. Centaurus Financial Inc. owned about 0.05% of Pool worth $7,676,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in POOL. Tortoise Investment Management LLC grew its holdings in shares of Pool by 68.9% during the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 42 shares during the last quarter. Crewe Advisors LLC boosted its holdings in Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 79 shares during the last quarter. UMB Bank n.a. lifted its holdings in Pool by 26.2% in the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after acquiring an additional 43 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Pool during the 2nd quarter worth about $74,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Pool during the second quarter valued at about $75,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Price Performance

Pool stock opened at $366.49 on Friday. The firm has a market capitalization of $13.95 billion, a PE ratio of 31.54, a P/E/G ratio of 2.21 and a beta of 1.01. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The firm’s 50-day simple moving average is $365.93 and its 200 day simple moving average is $352.43. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the firm earned $3.50 earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts predict that Pool Co. will post 11 EPS for the current fiscal year.

Pool Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Loop Capital upped their price objective on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Oppenheimer raised their price objective on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, Stifel Nicolaus boosted their target price on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Pool presently has an average rating of “Hold” and an average target price of $369.11.

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.