Pool Co. (NASDAQ:POOL) VP Arthur D. Cook sold 3,747 shares of Pool stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $160.08, for a total transaction of $599,819.76. Following the completion of the transaction, the vice president now owns 45,095 shares in the company, valued at approximately $7,218,807.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
POOL traded down $3.54 during trading on Friday, hitting $156.22. The stock had a trading volume of 201,353 shares, compared to its average volume of 226,170. The company has a market capitalization of $6.19 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 1.08 and a beta of 0.92. Pool Co. has a 12 month low of $135.76 and a 12 month high of $175.87. The company has a debt-to-equity ratio of 2.94, a current ratio of 2.99 and a quick ratio of 0.79.
Pool (NASDAQ:POOL) last announced its earnings results on Thursday, February 14th. The specialty retailer reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). The firm had revenue of $543.00 million during the quarter, compared to the consensus estimate of $551.58 million. Pool had a return on equity of 80.86% and a net margin of 7.82%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 EPS. Analysts anticipate that Pool Co. will post 6.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. Pool’s payout ratio is 32.03%.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Pool by 0.8% during the 3rd quarter. BlackRock Inc. now owns 3,783,020 shares of the specialty retailer’s stock worth $631,310,000 after purchasing an additional 28,257 shares during the period. Vanguard Group Inc. increased its holdings in shares of Pool by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,392,184 shares of the specialty retailer’s stock worth $566,088,000 after purchasing an additional 57,784 shares during the period. Vanguard Group Inc increased its holdings in shares of Pool by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 3,392,184 shares of the specialty retailer’s stock worth $566,088,000 after purchasing an additional 57,784 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Pool by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,183,091 shares of the specialty retailer’s stock worth $364,314,000 after purchasing an additional 76,594 shares during the period. Finally, Eagle Asset Management Inc. increased its holdings in shares of Pool by 1.6% during the 4th quarter. Eagle Asset Management Inc. now owns 1,020,181 shares of the specialty retailer’s stock worth $151,649,000 after purchasing an additional 16,544 shares during the period. Institutional investors own 95.01% of the company’s stock.
Several research analysts recently commented on POOL shares. BidaskClub downgraded shares of Pool from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Zacks Investment Research upgraded shares of Pool from a “hold” rating to a “buy” rating and set a $174.00 target price on the stock in a report on Wednesday, November 28th. ValuEngine downgraded shares of Pool from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Finally, Robert W. Baird upgraded shares of 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 report on Friday, February 22nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $160.25.
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Pool Company Profile
Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; 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 landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.
Further Reading: Ex-Dividend
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