Pool Co. (NASDAQ:POOL) VP Hart Melanie Housey sold 1,600 shares of Pool stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $185.20, for a total value of $296,320.00. Following the completion of the transaction, the vice president now owns 11,884 shares of the company’s stock, valued at approximately $2,200,916.80. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of POOL opened at $180.84 on Friday. The company has a market capitalization of $7.31 billion, a PE ratio of 32.18, a PEG ratio of 1.29 and a beta of 0.95. The company has a quick ratio of 0.60, a current ratio of 1.96 and a debt-to-equity ratio of 3.01. Pool Co. has a 52 week low of $136.83 and a 52 week high of $186.50.
Pool (NASDAQ:POOL) last issued its earnings results on Thursday, April 18th. The specialty retailer reported $0.59 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.05). The firm had revenue of $597.50 million during the quarter, compared to analyst estimates of $608.36 million. Pool had a return on equity of 79.99% and a net margin of 7.83%. Pool’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS. Equities analysts expect that Pool Co. will post 6.07 earnings per share for the current year.
Pool announced that its Board of Directors has initiated a stock repurchase program on Thursday, May 2nd that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
Several research analysts have recently commented on the company. Zacks Investment Research lowered Pool from a “buy” rating to a “hold” rating in a research report on Monday, February 18th. BidaskClub upgraded Pool from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Stephens set a $186.00 target price on Pool and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. ValuEngine lowered Pool from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. Finally, Robert W. Baird upgraded Pool from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $160.00 to $177.00 in a research report on Friday, February 22nd. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $171.20.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Enlightenment Research LLC bought a new stake in shares of Pool in the 4th quarter worth approximately $30,000. Executive Wealth Management LLC bought a new stake in shares of Pool in the 4th quarter worth approximately $51,000. Rockefeller Capital Management L.P. bought a new stake in shares of Pool in the 1st quarter worth approximately $53,000. Riverview Trust Co bought a new stake in shares of Pool in the 4th quarter worth approximately $57,000. Finally, Bessemer Group Inc. lifted its holdings in shares of Pool by 81.2% in the 4th quarter. Bessemer Group Inc. now owns 520 shares of the specialty retailer’s stock worth $77,000 after purchasing an additional 233 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.
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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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