Pool Co. (NASDAQ:POOL) VP Romain Kenneth G. St sold 9,310 shares of the business’s stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $444.97, for a total value of $4,142,670.70. Following the sale, the vice president now directly owns 88,517 shares of the company’s stock, valued at $39,387,409.49. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Pool stock traded down $19.11 during trading hours on Wednesday, hitting $419.76. The stock had a trading volume of 269,088 shares, compared to its average volume of 343,920. The company has a quick ratio of 0.94, a current ratio of 2.21 and a debt-to-equity ratio of 0.56. The stock has a market cap of $16.85 billion, a price-to-earnings ratio of 53.05 and a beta of 0.72. Pool Co. has a one year low of $212.63 and a one year high of $449.44. The business’s 50 day simple moving average is $385.26 and its 200-day simple moving average is $359.12.
Pool (NASDAQ:POOL) last issued its quarterly earnings data on Wednesday, April 21st. The specialty retailer reported $2.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $1.27. Pool had a return on equity of 70.48% and a net margin of 8.85%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $825.73 million. During the same period last year, the company earned $0.71 earnings per share. The firm’s revenue was up 56.6% compared to the same quarter last year. Research analysts anticipate that Pool Co. will post 8.43 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. First Horizon Corp raised its position in shares of Pool by 4.1% during the first quarter. First Horizon Corp now owns 613 shares of the specialty retailer’s stock worth $211,000 after acquiring an additional 24 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in Pool by 7.6% in the first quarter. First Horizon Advisors Inc. now owns 424 shares of the specialty retailer’s stock worth $146,000 after purchasing an additional 30 shares in the last quarter. Hartford Investment Management Co. increased its holdings in Pool by 0.6% in the first quarter. Hartford Investment Management Co. now owns 5,181 shares of the specialty retailer’s stock worth $1,789,000 after purchasing an additional 32 shares in the last quarter. Perennial Investment Advisors LLC increased its holdings in Pool by 4.9% in the fourth quarter. Perennial Investment Advisors LLC now owns 772 shares of the specialty retailer’s stock worth $288,000 after purchasing an additional 36 shares in the last quarter. Finally, F3Logic LLC increased its holdings in Pool by 2.5% in the first quarter. F3Logic LLC now owns 1,502 shares of the specialty retailer’s stock worth $516,000 after purchasing an additional 36 shares in the last quarter. Institutional investors own 90.62% of the company’s stock.
Several research firms have recently issued reports on POOL. Jefferies Financial Group restated a “hold” rating and set a $410.00 target price on shares of Pool in a research report on Wednesday, May 5th. Loop Capital upped their price objective on Pool from $390.00 to $405.00 and gave the stock a “hold” rating in a research note on Monday, April 26th. Zacks Investment Research cut Pool from a “buy” rating to a “hold” rating and set a $362.00 price objective on the stock. in a research note on Wednesday, March 17th. Finally, Robert W. Baird increased their price target on Pool from $360.00 to $444.00 and gave the company an “outperform” rating in a research note on Friday, April 23rd. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Pool currently has an average rating of “Buy” and an average price target of $375.57.
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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.
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