Peter D. Arvan Buys 300 Shares of Pool Co. (NASDAQ:POOL) Stock

Pool Co. (NASDAQ:POOL) CEO Peter D. Arvan bought 300 shares of Pool stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of $187.93 per share, with a total value of $56,379.00. Following the acquisition, the chief executive officer now owns 38,733 shares of the company’s stock, valued at approximately $7,279,092.69. The purchase 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 $6.52 during mid-day trading on Tuesday, reaching $191.44. The stock had a trading volume of 137,299 shares, compared to its average volume of 218,678. Pool Co. has a 12-month low of $136.83 and a 12-month high of $196.00. The firm has a market capitalization of $7.64 billion, a P/E ratio of 34.06, a P/E/G ratio of 1.38 and a beta of 0.91. The firm’s 50-day moving average is $188.85. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.97 and a current ratio of 2.35.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, July 18th. The specialty retailer reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.21 by $0.01. Pool had a return on equity of 82.89% and a net margin of 8.14%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the business posted $2.80 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts forecast that Pool Co. will post 5.81 EPS for the current fiscal year.

Pool declared that its Board of Directors has authorized a share repurchase plan on Thursday, May 2nd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the specialty retailer to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, August 14th. Pool’s dividend payout ratio is currently 39.15%.

A number of research analysts have recently weighed in on the company. Zacks Investment Research cut Pool from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Stephens set a $186.00 price target on Pool and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Robert W. Baird set a $192.00 price target on Pool and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, BidaskClub cut Pool from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Pool has a consensus rating of “Hold” and a consensus target price of $178.50.

Hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new stake in Pool during the 2nd quarter worth about $40,000. Kavar Capital Partners LLC purchased a new stake in Pool during the 2nd quarter worth about $43,000. FTB Advisors Inc. purchased a new stake in Pool during the 2nd quarter worth about $67,000. Carroll Financial Associates Inc. increased its position in Pool by 544.6% during the 2nd quarter. Carroll Financial Associates Inc. now owns 419 shares of the specialty retailer’s stock worth $80,000 after purchasing an additional 354 shares in the last quarter. Finally, Machina Capital S.A.S. purchased a new stake in Pool during the 2nd quarter worth about $82,000. Institutional investors and hedge funds own 95.49% of the company’s stock.

About Pool

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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