Pool Corp.’s (POOL) “Outperform” Rating Reiterated at Wedbush
Pool Corp. (NASDAQ:POOL)‘s stock had its “outperform” rating reissued by research analysts at Wedbush in a report released on Monday.
POOL has been the topic of a number of other research reports. Robert W. Baird initiated coverage on Pool Corp. in a research note on Monday, June 6th. They issued an “outperform” rating on the stock. Zacks Investment Research downgraded Pool Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. Finally, Johnson Rice downgraded Pool Corp. from a “buy” rating to an “accumulate” rating in a research note on Friday, July 15th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Pool Corp. has an average rating of “Buy” and an average target price of $97.80.
Shares of Pool Corp. (NASDAQ:POOL) opened at 94.52 on Monday. Pool Corp. has a 52 week low of $71.10 and a 52 week high of $102.86. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 28.72 and a beta of 0.90. The company has a 50-day moving average price of $97.80 and a 200-day moving average price of $93.28.
Pool Corp. (NASDAQ:POOL) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.05. Pool Corp. had a return on equity of 57.51% and a net margin of 5.76%. The business had revenue of $918.90 million for the quarter, compared to the consensus estimate of $904.82 million. During the same quarter in the previous year, the company posted $1.75 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. Equities analysts anticipate that Pool Corp. will post $3.43 EPS for the current year.
In other Pool Corp. news, Director Harlan F. Seymour sold 14,118 shares of the company’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $100.77, for a total value of $1,422,670.86. Following the transaction, the director now owns 44,626 shares of the company’s stock, valued at approximately $4,496,962.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO De La Mesa Manuel J. Perez sold 30,000 shares of the company’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $100.70, for a total value of $3,021,000.00. Following the completion of the transaction, the chief executive officer now directly owns 72,511 shares in the company, valued at approximately $7,301,857.70. The disclosure for this sale can be found here. 8.00% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of POOL. Mason Street Advisors LLC purchased a new stake in shares of Pool Corp. during the second quarter valued at $1,804,000. Royal Bank of Canada boosted its stake in shares of Pool Corp. by 46.0% in the second quarter. Royal Bank of Canada now owns 10,023 shares of the company’s stock valued at $943,000 after buying an additional 3,156 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Pool Corp. by 19.8% in the second quarter. Public Employees Retirement System of Ohio now owns 97,592 shares of the company’s stock valued at $9,177,000 after buying an additional 16,113 shares in the last quarter. Personal Capital Advisors Corp boosted its stake in shares of Pool Corp. by 9.7% in the second quarter. Personal Capital Advisors Corp now owns 142,994 shares of the company’s stock valued at $13,446,000 after buying an additional 12,618 shares in the last quarter. Finally, Stifel Financial Corp boosted 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. Institutional investors and hedge funds own 92.20% of the company’s stock.
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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