Pool Co. (NASDAQ:POOL) Vice Chairman De La Mesa Manuel J. Perez sold 14,263 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $193.96, for a total transaction of $2,766,451.48. Following the completion of the sale, the insider now directly owns 69,702 shares in the company, valued at approximately $13,519,399.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Pool stock traded up $1.87 during trading hours on Friday, reaching $199.35. The stock had a trading volume of 156,208 shares, compared to its average volume of 219,140. The stock has a market cap of $7.88 billion, a PE ratio of 35.47, a PEG ratio of 1.40 and a beta of 0.91. Pool Co. has a 52 week low of $136.83 and a 52 week high of $200.00. The company has a current ratio of 2.35, a quick ratio of 0.97 and a debt-to-equity ratio of 2.30. The company’s fifty day simple moving average is $189.43.
Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, July 18th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.21 by $0.01. Pool had a net margin of 8.14% and a return on equity of 82.89%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm earned $2.80 EPS. The company’s revenue was up 6.0% on a year-over-year basis. Research analysts predict that Pool Co. will post 5.81 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be given a $0.55 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.10%. Pool’s dividend payout ratio is 39.15%.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Pool by 5.9% in the 1st quarter. BlackRock Inc. now owns 3,745,431 shares of the specialty retailer’s stock worth $617,884,000 after purchasing an additional 209,876 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Pool by 0.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,586,751 shares of the specialty retailer’s stock worth $261,768,000 after purchasing an additional 10,798 shares during the period. Eagle Asset Management Inc. lifted its position in shares of Pool by 9.5% in the 1st quarter. Eagle Asset Management Inc. now owns 1,117,071 shares of the specialty retailer’s stock worth $184,283,000 after purchasing an additional 96,890 shares during the period. Carillon Tower Advisers Inc. lifted its position in shares of Pool by 11.2% in the 1st quarter. Carillon Tower Advisers Inc. now owns 735,229 shares of the specialty retailer’s stock worth $121,290,000 after purchasing an additional 73,807 shares during the period. Finally, Wasatch Advisors Inc. lifted its position in shares of Pool by 2.9% in the 2nd quarter. Wasatch Advisors Inc. now owns 733,681 shares of the specialty retailer’s stock worth $140,133,000 after purchasing an additional 20,908 shares during the period. 95.49% of the stock is owned by hedge funds and other institutional investors.
POOL has been the topic of a number of recent analyst reports. Stephens set a $186.00 price target on shares of Pool and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Zacks Investment Research lowered shares of Pool from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. BidaskClub raised shares of Pool from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Robert W. Baird set a $192.00 price target on shares of Pool and gave the stock a “buy” rating in a report on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $178.50.
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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