Shares of Pool Co. (NASDAQ:POOL) reached a new 52-week high during trading on Thursday . The company traded as high as $192.48 and last traded at $192.43, with a volume of 1699 shares trading hands. The stock had previously closed at $188.34.
A number of research firms recently commented on POOL. BidaskClub cut shares of Pool from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research cut shares of Pool from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Stephens set a $186.00 price objective on shares of Pool and gave the company a “hold” rating in a research report on Tuesday, April 23rd. ValuEngine upgraded Pool from a “hold” rating to a “buy” rating in a report on Wednesday, February 27th. Finally, Robert W. Baird upgraded Pool from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $160.00 to $177.00 in a report on Friday, February 22nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $171.20.
The firm has a market capitalization of $7.39 billion, a PE ratio of 33.96, a PEG ratio of 1.30 and a beta of 0.93. The company has a quick ratio of 0.60, a current ratio of 1.96 and a debt-to-equity ratio of 3.01.
Pool (NASDAQ:POOL) last released its earnings results on Thursday, April 18th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.05). The firm had revenue of $597.50 million for the quarter, compared to the consensus estimate of $608.36 million. Pool had a return on equity of 79.99% and a net margin of 7.83%. Pool’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS. As a group, equities analysts expect that Pool Co. will post 6.07 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Thursday, May 16th. This is a boost from Pool’s previous quarterly dividend of $0.45. Pool’s dividend payout ratio is 39.15%.
Pool declared that its board has initiated a share buyback program on Thursday, May 2nd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the specialty retailer to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.
In other news, Vice Chairman De La Mesa Manuel J. Perez sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.01, for a total value of $1,860,100.00. Following the completion of the transaction, the insider now owns 69,702 shares in the company, valued at approximately $12,965,269.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Hart Melanie Housey sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $185.20, for a total value of $296,320.00. Following the completion of the transaction, the vice president now owns 11,884 shares of the company’s stock, valued at approximately $2,200,916.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 213,612 shares of company stock valued at $37,530,142. Corporate insiders own 6.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. lifted its stake in Pool by 81.2% in the 4th quarter. Bessemer Group Inc. now owns 520 shares of the specialty retailer’s stock valued at $77,000 after purchasing an additional 233 shares during the last quarter. King Luther Capital Management Corp lifted its stake in Pool by 79.2% in the 4th quarter. King Luther Capital Management Corp now owns 13,405 shares of the specialty retailer’s stock valued at $1,993,000 after purchasing an additional 5,925 shares during the last quarter. Raymond James & Associates lifted its stake in Pool by 3.9% in the 1st quarter. Raymond James & Associates now owns 152,223 shares of the specialty retailer’s stock valued at $25,112,000 after purchasing an additional 5,679 shares during the last quarter. Atlanta Capital Management Co. L L C lifted its stake in Pool by 18.8% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 912,826 shares of the specialty retailer’s stock valued at $135,692,000 after purchasing an additional 144,724 shares during the last quarter. Finally, Aptus Capital Advisors LLC acquired a new stake in Pool in the 4th quarter valued at about $311,000. Institutional investors own 94.59% of the company’s stock.
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Pool Company Profile (NASDAQ: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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