Pool Co. (NASDAQ:POOL) VP Romain Kenneth G. St sold 4,996 shares of Pool stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $310.02, for a total value of $1,548,859.92. Following the sale, the vice president now directly owns 99,136 shares of the company’s stock, valued at $30,734,142.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
POOL opened at $316.70 on Friday. The business has a 50 day moving average price of $277.74 and a two-hundred day moving average price of $232.66. The company has a quick ratio of 0.92, a current ratio of 2.06 and a debt-to-equity ratio of 1.15. The company has a market cap of $12.65 billion, a PE ratio of 45.18 and a beta of 0.83. Pool Co. has a 52 week low of $160.35 and a 52 week high of $318.71.
Pool (NASDAQ:POOL) last released its earnings results on Thursday, July 23rd. The specialty retailer reported $3.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.09 by $0.78. Pool had a return on equity of 69.72% and a net margin of 8.32%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the firm posted $3.22 EPS. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, sell-side analysts expect that Pool Co. will post 7.25 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Credit Agricole S A acquired a new position in Pool during the 1st quarter worth approximately $31,000. Valeo Financial Advisors LLC increased its position in Pool by 397.3% during the 1st quarter. Valeo Financial Advisors LLC now owns 184 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 147 shares during the period. Denali Advisors LLC acquired a new position in Pool during the 2nd quarter worth approximately $82,000. Centaurus Financial Inc. acquired a new position in Pool during the 1st quarter worth approximately $121,000. Finally, Lenox Wealth Management Inc. acquired a new position in Pool during the 2nd quarter worth approximately $178,000. Institutional investors own 91.71% of the company’s stock.
A number of analysts have issued reports on POOL shares. Zacks Investment Research downgraded Pool from a “hold” rating to a “sell” rating and set a $272.00 price target for the company. in a report on Friday, May 29th. Stephens boosted their target price on Pool from $195.00 to $205.00 and gave the company an “equal weight” rating in a report on Monday, April 27th. Robert W. Baird boosted their target price on Pool from $258.00 to $271.00 and gave the company an “outperform” rating in a report on Friday, June 19th. BidaskClub raised Pool from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Finally, KeyCorp boosted their target price on Pool from $250.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Pool currently has an average rating of “Buy” and a consensus price target of $255.50.
Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.
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