Pool Corp. (NASDAQ:POOL) has earned a consensus rating of “Buy” from the seven analysts that are covering the firm. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $97.67.
POOL has been the topic of several recent research reports. Johnson Rice cut shares of Pool Corp. from a “buy” rating to an “accumulate” rating in a research note on Friday, July 15th. Zacks Investment Research raised shares of Pool Corp. from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Friday, July 22nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $115.00 target price on shares of Pool Corp. in a research note on Monday, October 3rd.
In related news, insider Hart Melanie Housey sold 2,000 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $102.31, for a total transaction of $204,620.00. Following the completion of the sale, the insider now directly owns 9,290 shares of the company’s stock, valued at $950,459.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO De La Mesa Manuel J. Perez sold 30,000 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $100.70, for a total value of $3,021,000.00. Following the sale, the chief executive officer now directly owns 72,511 shares of the company’s stock, valued at $7,301,857.70. The disclosure for this sale can be found here. 8.00% of the stock is owned by insiders.
Several large investors have recently modified their holdings of POOL. Huntington National Bank increased its stake in shares of Pool Corp. by 0.5% in the second quarter. Huntington National Bank now owns 1,798 shares of the company’s stock valued at $169,000 after buying an additional 9 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Pool Corp. by 0.4% in the third quarter. Capstone Asset Management Co. now owns 4,896 shares of the company’s stock valued at $463,000 after buying an additional 20 shares in the last quarter. McQueen Ball & Associates Inc. increased its stake in shares of Pool Corp. by 0.3% in the third quarter. McQueen Ball & Associates Inc. now owns 15,170 shares of the company’s stock valued at $1,434,000 after buying an additional 46 shares in the last quarter. State Treasurer State of Michigan increased its stake in shares of Pool Corp. by 0.6% in the second quarter. State Treasurer State of Michigan now owns 16,900 shares of the company’s stock valued at $1,589,000 after buying an additional 100 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Pool Corp. by 1.7% in the second quarter. Stifel Financial Corp now owns 9,174 shares of the company’s stock valued at $863,000 after buying an additional 155 shares in the last quarter. 92.20% of the stock is owned by hedge funds and other institutional investors.
Pool Corp. (NASDAQ:POOL) opened at 92.88 on Tuesday. Pool Corp. has a 1-year low of $71.10 and a 1-year high of $102.86. The company has a 50-day moving average of $96.22 and a 200 day moving average of $93.85. The stock has a market cap of $3.91 billion, a P/E ratio of 28.22 and a beta of 0.90.
Pool Corp. (NASDAQ:POOL) last announced its earnings results on Thursday, July 21st. The company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.05. Pool Corp. had a net margin of 5.76% and a return on equity of 57.51%. The company had revenue of $918.90 million for the quarter, compared to analysts’ expectations of $904.82 million. During the same quarter in the previous year, the company posted $1.75 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts predict that Pool Corp. will post $3.43 EPS for the current year.
Pool Corp. Company Profile
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is also a distributor of irrigation and landscape products in the United States. The Company operates over 340 sales centers in North America, Europe, South America and Australia through its over four distribution networks, such as SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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