Pool Co. (NASDAQ:POOL) insider Romain Kenneth G. St sold 27,105 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $158.06, for a total transaction of $4,284,216.30. Following the completion of the transaction, the insider now owns 97,505 shares in the company, valued at approximately $15,411,640.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Pool stock traded up $2.33 on Monday, reaching $170.42. 178,729 shares of the company traded hands, compared to its average volume of 227,638. Pool Co. has a 52 week low of $135.76 and a 52 week high of $175.87. The company has a market capitalization of $6.50 billion, a P/E ratio of 30.32, a P/E/G ratio of 1.13 and a beta of 0.92. 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 (NASDAQ:POOL) last released its earnings results on Thursday, February 14th. The specialty retailer reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.03). The company had revenue of $543.00 million for the quarter, compared to the consensus estimate of $551.58 million. Pool had a net margin of 7.82% and a return on equity of 80.86%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 earnings per share. Equities analysts expect that Pool Co. will post 6.19 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in the stock. Campbell Newman Asset Management Inc. lifted its stake in shares of Pool by 2.8% during the 1st quarter. Campbell Newman Asset Management Inc. now owns 8,826 shares of the specialty retailer’s stock valued at $1,456,000 after buying an additional 237 shares in the last quarter. We Are One Seven LLC lifted its stake in shares of Pool by 87.4% during the 1st quarter. We Are One Seven LLC now owns 3,893 shares of the specialty retailer’s stock valued at $642,000 after buying an additional 1,816 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Pool by 7.3% in the 1st quarter. State of Alaska Department of Revenue now owns 5,209 shares of the specialty retailer’s stock worth $859,000 after purchasing an additional 355 shares in the last quarter. Geode Capital Management LLC lifted its stake in Pool by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 404,749 shares of the specialty retailer’s stock worth $60,165,000 after purchasing an additional 27,737 shares in the last quarter. Finally, Norges Bank purchased a new stake in Pool in the 4th quarter worth approximately $39,050,000. Institutional investors own 95.69% of the company’s stock.
A number of equities research analysts recently weighed in on POOL shares. Zacks Investment Research upgraded shares of Pool from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a report on Tuesday, December 18th. BidaskClub downgraded shares of Pool from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. ValuEngine downgraded shares of Pool from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. Finally, Robert W. Baird raised shares of Pool from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $160.00 to $177.00 in a research report on Friday, February 22nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” 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.
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