Pool (NASDAQ:POOL) Sets New 52-Week High at $205.19

Pool Co. (NASDAQ:POOL)’s share price reached a new 52-week high on Friday . The stock traded as high as $205.19 and last traded at $205.19, with a volume of 16 shares. The stock had previously closed at $201.45.

POOL has been the topic of several recent analyst reports. ValuEngine lowered shares of Pool from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Sidoti lowered shares of Pool from a “buy” rating to a “neutral” rating and set a $215.00 price objective on the stock. in a research note on Friday, August 23rd. Robert W. Baird set a $192.00 price objective on shares of Pool and gave the stock a “buy” rating in a research note on Friday, July 19th. Stephens boosted their price objective on shares of Pool from $187.00 to $196.00 and gave the stock an “equal weight” rating in a research note on Monday, September 23rd. Finally, BidaskClub upgraded shares of Pool from a “hold” rating to a “buy” rating in a research note on Wednesday, September 25th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $203.00.

The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 36.17, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88. The firm’s 50 day moving average price is $197.01 and its two-hundred day moving average price is $186.88. The company has a current ratio of 2.35, a quick ratio of 0.97 and a debt-to-equity ratio of 2.30.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 18th. The specialty retailer reported $3.22 EPS for the quarter, topping the consensus estimate of $3.21 by $0.01. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.16 billion. Pool had a net margin of 8.14% and a return on equity of 82.89%. Pool’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.80 EPS. As a group, equities research analysts predict that Pool Co. will post 5.81 EPS for the current year.

In related news, Vice Chairman De La Mesa Manuel J. Perez sold 4,443 shares of Pool stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $192.63, for a total transaction of $855,855.09. Following the completion of the sale, the insider now owns 64,145 shares of the company’s stock, valued at approximately $12,356,251.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman De La Mesa Manuel J. Perez sold 7,643 shares of Pool stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $192.60, for a total transaction of $1,472,041.80. Following the sale, the insider now directly owns 64,145 shares of the company’s stock, valued at approximately $12,354,327. The disclosure for this sale can be found here. Insiders have sold a total of 48,965 shares of company stock valued at $9,560,885 in the last ninety days. 6.00% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the stock. We Are One Seven LLC boosted its holdings in shares of Pool by 3.0% during the 3rd quarter. We Are One Seven LLC now owns 3,230 shares of the specialty retailer’s stock worth $651,000 after buying an additional 94 shares during the period. Artemis Investment Management LLP boosted its holdings in Pool by 2.7% in the 3rd quarter. Artemis Investment Management LLP now owns 322,943 shares of the specialty retailer’s stock valued at $64,045,000 after purchasing an additional 8,635 shares during the period. CX Institutional boosted its holdings in Pool by 45.5% in the 3rd quarter. CX Institutional now owns 176 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 55 shares during the period. Hexavest Inc. boosted its holdings in Pool by 75.1% in the 3rd quarter. Hexavest Inc. now owns 2,219 shares of the specialty retailer’s stock valued at $448,000 after purchasing an additional 952 shares during the period. Finally, TrimTabs Asset Management LLC bought a new stake in Pool in the 3rd quarter valued at about $1,313,000. 94.25% of the stock is owned by institutional investors and hedge funds.

About Pool (NASDAQ:POOL)

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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