Pool Co. (NASDAQ:POOL) Director Robert C. Sledd sold 7,200 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $131.02, for a total value of $943,344.00. Following the sale, the director now owns 23,814 shares in the company, valued at $3,120,110.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Pool Co. (NASDAQ:POOL) traded down $0.31 during mid-day trading on Friday, reaching $131.21. The company had a trading volume of 111,467 shares, compared to its average volume of 160,588. Pool Co. has a 1-year low of $97.25 and a 1-year high of $133.06. The company has a market cap of $5,282.74, a price-to-earnings ratio of 33.22 and a beta of 0.96. The company has a debt-to-equity ratio of 2.64, a current ratio of 2.61 and a quick ratio of 1.03.
Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. Pool had a return on equity of 69.28% and a net margin of 6.19%. The business had revenue of $743.40 million during the quarter. During the same period last year, the company earned $1.03 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. sell-side analysts forecast that Pool Co. will post 4.07 EPS for the current fiscal year.
A number of analysts have recently weighed in on the company. Sidoti upgraded Pool from a “neutral” rating to a “buy” rating and increased their price target for the stock from $119.00 to $131.00 in a research report on Friday, September 15th. Robert W. Baird increased their price target on Pool from $125.00 to $131.00 and gave the stock an “outperform” rating in a research report on Friday, October 20th. Finally, BidaskClub cut Pool from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th. Six equities research analysts have rated the stock with a buy rating, Pool has an average rating of “Buy” and a consensus target price of $127.25.
A number of hedge funds have recently modified their holdings of POOL. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Pool by 74.9% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 975,690 shares of the specialty retailer’s stock worth $105,541,000 after buying an additional 417,759 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Pool by 48.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 570,000 shares of the specialty retailer’s stock worth $61,657,000 after buying an additional 185,000 shares in the last quarter. Impax Asset Management LTD grew its holdings in Pool by 96.8% in the 3rd quarter. Impax Asset Management LTD now owns 363,916 shares of the specialty retailer’s stock worth $39,365,000 after buying an additional 178,974 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Pool by 377.0% during the 2nd quarter. Janus Henderson Group PLC now owns 201,674 shares of the specialty retailer’s stock valued at $23,711,000 after purchasing an additional 159,391 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its stake in Pool by 11.0% during the 2nd quarter. Eagle Asset Management Inc. now owns 1,125,341 shares of the specialty retailer’s stock valued at $132,306,000 after purchasing an additional 111,250 shares in the last quarter. 94.18% of the stock is owned by institutional investors and hedge funds.
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Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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