Pool Co. (NASDAQ:POOL) VP Arthur D. Cook sold 3,747 shares of Pool stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $160.08, for a total transaction of $599,819.76. Following the transaction, the vice president now directly owns 45,095 shares of the company’s stock, valued at $7,218,807.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of POOL traded up $2.33 during mid-day trading on Monday, hitting $170.42. 180,768 shares of the company traded hands, compared to its average volume of 227,638. The company has a quick ratio of 0.79, a current ratio of 2.99 and a debt-to-equity ratio of 2.94. Pool Co. has a 1 year low of $135.76 and a 1 year high of $175.87. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 1.13 and a beta of 0.92.
Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, February 14th. The specialty retailer reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.03). Pool had a net margin of 7.82% and a return on equity of 80.86%. The company had revenue of $543.00 million for the quarter, compared to analysts’ expectations of $551.58 million. During the same period in the previous year, the firm earned $0.50 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, analysts expect that Pool Co. will post 6.19 earnings per share for the current year.
Several research analysts have issued reports on POOL shares. Zacks Investment Research raised shares of Pool from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a report on Tuesday, December 18th. BidaskClub raised shares of Pool from a “hold” rating to a “buy” rating in a report on Friday, April 5th. ValuEngine raised shares of Pool from a “hold” rating to a “buy” rating in a report on Wednesday, February 27th. Finally, Robert W. Baird raised 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $160.25.
Institutional investors have recently modified their holdings of the business. Atlanta Capital Management Co. L L C raised its position in Pool by 131.3% during the 3rd quarter. Atlanta Capital Management Co. L L C now owns 768,102 shares of the specialty retailer’s stock worth $128,181,000 after buying an additional 436,023 shares during the last quarter. Norges Bank purchased a new position in Pool in the fourth quarter worth $39,050,000. Handelsbanken Fonder AB grew its holdings in Pool by 53.7% in the fourth quarter. Handelsbanken Fonder AB now owns 707,103 shares of the specialty retailer’s stock valued at $105,111,000 after purchasing an additional 247,103 shares during the last quarter. Capital International Investors acquired a new stake in Pool in the third quarter valued at $24,531,000. Finally, Morgan Stanley grew its holdings in Pool by 175.9% in the third quarter. Morgan Stanley now owns 173,252 shares of the specialty retailer’s stock valued at $28,913,000 after purchasing an additional 110,457 shares during the last quarter. Institutional investors own 95.69% of the company’s stock.
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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.
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