A number of other analysts also recently commented on POOL. Robert W. Baird started coverage on shares of Pool Corp. in a report on Monday, June 6th. They set an outperform rating on the stock. Zacks Investment Research downgraded shares of Pool Corp. from a buy rating to a hold rating in a report on Wednesday, June 22nd. Finally, Johnson Rice downgraded shares of Pool Corp. from a buy rating to an accumulate rating in a report on Friday, July 15th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $97.80.
Shares of Pool Corp. (NASDAQ:POOL) opened at 94.59 on Monday. The stock has a market cap of $3.98 billion, a PE ratio of 28.74 and a beta of 0.90. Pool Corp. has a 1-year low of $71.10 and a 1-year high of $102.86. The stock has a 50 day moving average of $97.37 and a 200 day moving average of $93.60.
Pool Corp. (NASDAQ:POOL) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.05. The firm had revenue of $918.90 million for the quarter, compared to the consensus estimate of $904.82 million. Pool Corp. had a net margin of 5.76% and a return on equity of 57.51%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.75 earnings per share. Equities research analysts forecast that Pool Corp. will post $3.43 EPS for the current year.
In other Pool Corp. news, CEO De La Mesa Manuel J. Perez sold 30,000 shares of Pool Corp. stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $100.70, for a total transaction of $3,021,000.00. Following the completion of the transaction, the chief executive officer now owns 72,511 shares in the company, valued at $7,301,857.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Hart Melanie Housey sold 2,000 shares of Pool Corp. stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $102.31, for a total transaction of $204,620.00. Following the transaction, the insider now owns 9,290 shares of the company’s stock, valued at approximately $950,459.90. The disclosure for this sale can be found here. Company insiders own 8.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. Riverhead Capital Management LLC boosted its position in shares of Pool Corp. by 13.3% in the first quarter. Riverhead Capital Management LLC now owns 8,272 shares of the company’s stock worth $726,000 after buying an additional 972 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Pool Corp. by 53,036.4% in the second quarter. BNP Paribas Arbitrage SA now owns 17,535 shares of the company’s stock worth $1,649,000 after buying an additional 17,502 shares during the last quarter. Rice Hall James & Associates LLC boosted its position in shares of Pool Corp. by 1.2% in the second quarter. Rice Hall James & Associates LLC now owns 262,623 shares of the company’s stock worth $24,694,000 after buying an additional 3,143 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of Pool Corp. by 64.5% in the second quarter. LS Investment Advisors LLC now owns 2,568 shares of the company’s stock worth $241,000 after buying an additional 1,007 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new position in shares of Pool Corp. during the second quarter worth about $15,123,000. Institutional investors own 92.20% of the company’s stock.
About Pool Corp.
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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