Pool (NASDAQ:POOL) posted its quarterly earnings results on Thursday. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.05), MarketWatch Earnings reports. 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 80.86% and a net margin of 7.82%. Pool’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 EPS. Pool updated its FY19 guidance to $6.09-6.39 EPS.
Pool stock traded up $8.73 during midday trading on Friday, reaching $177.89. The company’s stock had a trading volume of 448,541 shares, compared to its average volume of 231,899. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.79 and a current ratio of 2.99. Pool has a 52-week low of $135.76 and a 52-week high of $178.73. The stock has a market cap of $7.01 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 1.17 and a beta of 0.92.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Wednesday, March 13th. Pool’s dividend payout ratio (DPR) is presently 32.03%.
POOL has been the subject of a number of analyst reports. Zacks Investment Research upgraded Pool from a “hold” rating to a “buy” rating and set a $162.00 price objective for the company in a research note on Monday, January 7th. BidaskClub cut Pool from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. ValuEngine cut Pool from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Finally, Robert W. Baird upgraded 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 note on Friday, February 22nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $167.50.
In other Pool news, Vice Chairman De La Mesa Manuel J. Perez sold 2,851 shares of the stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $161.02, for a total value of $459,068.02. Following the completion of the sale, the insider now directly owns 66,202 shares in the company, valued at $10,659,846.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Romain Kenneth G. St sold 23,068 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $158.39, for a total value of $3,653,740.52. Following the completion of the sale, the insider now owns 105,068 shares of the company’s stock, valued at $16,641,720.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 148,461 shares of company stock valued at $23,689,565. 6.00% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in POOL. Norges Bank purchased a new stake in Pool in the fourth quarter valued at about $39,050,000. Handelsbanken Fonder AB raised its stake 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 buying an additional 247,103 shares during the last quarter. Atlanta Capital Management Co. L L C raised its stake in shares of Pool by 18.8% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 912,826 shares of the specialty retailer’s stock worth $135,692,000 after purchasing an additional 144,724 shares during the last quarter. Morgan Stanley raised its stake in shares of Pool by 175.9% in the third quarter. Morgan Stanley now owns 173,252 shares of the specialty retailer’s stock worth $28,913,000 after purchasing an additional 110,457 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Pool by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 2,183,091 shares of the specialty retailer’s stock worth $364,314,000 after purchasing an additional 76,594 shares during the last quarter. Institutional investors own 95.67% 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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