Pool Co. (NASDAQ:POOL) Short Interest Down 16.8% in April

Pool Co. (NASDAQ:POOL) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 724,000 shares, a drop of 16.8% from the March 31st total of 870,400 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 368,500 shares, the days-to-cover ratio is presently 2.0 days.

In other Pool news, VP Romain Kenneth G. St sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, April 26th. The shares were sold at an average price of $413.17, for a total value of $5,164,625.00. Following the completion of the sale, the vice president now directly owns 96,487 shares in the company, valued at $39,865,533.79. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Peter D. Arvan purchased 500 shares of the business’s stock in a transaction on Friday, March 5th. The stock was purchased at an average cost of $316.03 per share, for a total transaction of $158,015.00. Following the completion of the acquisition, the chief executive officer now directly owns 59,683 shares of the company’s stock, valued at approximately $18,861,618.49. The disclosure for this purchase can be found here. Company insiders own 4.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in Pool during the fourth quarter worth about $129,833,000. Select Equity Group L.P. increased its stake in Pool by 37.1% during the fourth quarter. Select Equity Group L.P. now owns 887,217 shares of the specialty retailer’s stock worth $330,488,000 after acquiring an additional 239,926 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Pool by 125.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 286,422 shares of the specialty retailer’s stock worth $98,885,000 after purchasing an additional 159,526 shares during the last quarter. Oak Ridge Investments LLC raised its holdings in Pool by 398.8% in the 1st quarter. Oak Ridge Investments LLC now owns 176,961 shares of the specialty retailer’s stock valued at $61,094,000 after buying an additional 141,484 shares during the period. Finally, BlackRock Inc. boosted its stake in Pool by 3.5% during the fourth quarter. BlackRock Inc. now owns 3,917,702 shares of the specialty retailer’s stock worth $1,459,345,000 after buying an additional 133,509 shares during the period. Institutional investors and hedge funds own 90.62% of the company’s stock.

POOL has been the subject of several recent analyst reports. Zacks Investment Research downgraded Pool from a “buy” rating to a “hold” rating and set a $362.00 price target for the company. in a report on Wednesday, March 17th. Jefferies Financial Group upped their price target on shares of Pool from $350.00 to $400.00 and gave the company a “hold” rating in a research note on Friday, January 15th. Loop Capital boosted their price objective on shares of Pool from $390.00 to $405.00 and gave the company a “hold” rating in a report on Monday, April 26th. Finally, Robert W. Baird raised their target price on Pool from $360.00 to $444.00 and gave the stock an “outperform” rating in a research note on Friday, April 23rd. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Pool currently has a consensus rating of “Buy” and an average target price of $358.25.

Pool stock traded up $1.88 during midday trading on Tuesday, reaching $430.74. The company had a trading volume of 7,433 shares, compared to its average volume of 351,934. The firm’s fifty day simple moving average is $369.64 and its 200-day simple moving average is $355.83. Pool has a 12-month low of $211.85 and a 12-month high of $431.46. The company has a market capitalization of $17.30 billion, a P/E ratio of 53.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.21 and a quick ratio of 0.94.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Wednesday, April 21st. The specialty retailer reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $1.27. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $825.73 million. Pool had a return on equity of 70.48% and a net margin of 8.85%. The firm’s revenue for the quarter was up 56.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. On average, analysts expect that Pool will post 8.43 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 11th were given a dividend of $0.58 per share. The ex-dividend date was Wednesday, March 10th. This represents a $2.32 dividend on an annualized basis and a yield of 0.54%. Pool’s payout ratio is 39.79%.

About Pool

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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