Pool (NASDAQ:POOL) Downgraded by BidaskClub

Pool (NASDAQ:POOL) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, BidAskClub reports.

Several other research analysts also recently commented on the company. Stephens restated a “buy” rating and issued a $34.00 target price on shares of Guaranty Bancshares in a research note on Tuesday, April 23rd. Zacks Investment Research downgraded GenMark Diagnostics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Pool currently has an average rating of “Hold” and a consensus price target of $174.75.

Shares of NASDAQ POOL opened at $184.94 on Friday. Pool has a 52 week low of $136.83 and a 52 week high of $193.43. The business has a 50-day moving average of $186.58. The company has a current ratio of 1.96, a quick ratio of 0.60 and a debt-to-equity ratio of 3.01. The company has a market cap of $7.35 billion, a P/E ratio of 33.87, a P/E/G ratio of 1.31 and a beta of 0.92.



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). Pool had a return on equity of 79.99% and a net margin of 7.83%. The company had revenue of $597.50 million during the quarter, compared to the consensus estimate of $608.36 million. During the same quarter in the prior year, the business earned $0.75 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities research analysts predict that Pool will post 6.03 EPS for the current fiscal year.

Pool announced that its board has authorized a stock repurchase plan on Thursday, May 2nd that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

In other Pool news, VP Hart Melanie Housey sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $185.20, for a total value of $296,320.00. Following the sale, the vice president now owns 11,884 shares of the company’s stock, valued at approximately $2,200,916.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Romain Kenneth G. St sold 23,194 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $185.27, for a total value of $4,297,152.38. Following the completion of the sale, the insider now directly owns 113,721 shares in the company, valued at approximately $21,069,089.67. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,370 shares of company stock worth $26,343,992. Insiders own 6.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in POOL. Norges Bank purchased a new stake in shares of Pool in the 4th quarter valued at about $39,050,000. BlackRock Inc. raised its holdings in shares of Pool by 5.9% during the 1st quarter. BlackRock Inc. now owns 3,745,431 shares of the specialty retailer’s stock valued at $617,884,000 after buying an additional 209,876 shares in the last quarter. Pictet Asset Management Ltd. purchased a new position in shares of Pool during the 1st quarter valued at about $30,913,000. Ellis Investment Partners LLC purchased a new position in shares of Pool during the 1st quarter valued at about $132,000. Finally, Eagle Asset Management Inc. raised its holdings in shares of Pool by 9.5% during the 1st quarter. Eagle Asset Management Inc. now owns 1,117,071 shares of the specialty retailer’s stock valued at $184,283,000 after buying an additional 96,890 shares in the last quarter. 95.29% of the stock is currently owned by hedge funds and other institutional investors.

Pool Company Profile

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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