Centaurus Financial Inc. purchased a new stake in shares of Pool Corporation (NASDAQ:POOL – Free Report) in the second quarter, HoldingsChannel.com reports. The firm purchased 9,579 shares of the specialty retailer’s stock, valued at approximately $2,058,000.
A number of other large investors also recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new stake in Pool during the 2nd quarter worth approximately $30,000. MUFG Securities EMEA plc purchased a new stake in Pool during the second quarter worth approximately $33,000. Clearstead Advisors LLC increased its position in shares of Pool by 100.0% in the fourth quarter. Clearstead Advisors LLC now owns 122 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 61 shares in the last quarter. Elevation Wealth Partners LLC raised its stake in shares of Pool by 2,660.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 138 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 133 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of Pool by 348.4% during the 4th quarter. Covestor Ltd now owns 139 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 108 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.
Pool Trading Down 1.2%
NASDAQ:POOL opened at $186.06 on Friday. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. Pool Corporation has a one year low of $172.68 and a one year high of $336.15. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.91 and a current ratio of 2.67. The business’s 50-day simple moving average is $199.85 and its 200 day simple moving average is $205.19.
Pool Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, August 13th. Pool’s dividend payout ratio is 47.84%.
Trending Headlines about Pool
Here are the key news stories impacting Pool this week:
- Neutral Sentiment: DA Davidson upgraded Pool to “hold.” The change indicates a more constructive view than a sell rating, but the neutral recommendation also suggests the analyst sees limited near-term upside or wants to wait for clearer evidence of an earnings recovery. Zacks report
- Neutral Sentiment: Most other articles are unrelated to Pool Corporation. Reports about Luxxfolio’s Litecoin mining expansion, community-bank blockchain infrastructure, Bitcoin technology, Nvidia’s investment in Poolside, and swimming-pool construction or equipment do not reflect developments at POOL and should not be treated as company-specific trading catalysts. Luxxfolio article
Analysts Set New Price Targets
Several brokerages recently issued reports on POOL. Oppenheimer lowered their price target on Pool from $280.00 to $227.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Pool in a research note on Tuesday, August 11th. Bank of America dropped their target price on Pool from $226.00 to $206.00 and set an “underperform” rating on the stock in a report on Monday, July 20th. Stifel Nicolaus decreased their price target on Pool from $235.00 to $189.00 and set a “hold” rating for the company in a report on Friday, July 24th. Finally, DA Davidson started coverage on shares of Pool in a research note on Monday. They set a “neutral” rating and a $210.00 price objective on the stock. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $233.10.
Get Our Latest Stock Report on POOL
About Pool
Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.
The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.
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