Pool Corp. (POOL) Receives Average Rating of “Buy” from Brokerages
Shares of Pool Corp. (NASDAQ:POOL) have been assigned a consensus recommendation of “Buy” from the eight analysts that are currently covering the stock. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year 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 a number of research reports. Wedbush reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Pool Corp. in a report on Monday, October 3rd. Zacks Investment Research cut shares of Pool Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Finally, Johnson Rice cut shares of Pool Corp. from a “buy” rating to an “accumulate” rating in a report on Friday, July 15th.
Pool Corp. (NASDAQ:POOL) traded down 2.15% during midday trading on Tuesday, reaching $93.03. The company’s stock had a trading volume of 103,680 shares. The company has a market cap of $3.91 billion, a PE ratio of 28.27 and a beta of 0.90. The stock has a 50-day moving average price of $96.91 and a 200 day moving average price of $93.86. Pool Corp. has a 12 month low of $71.10 and a 12 month high of $102.86.
Pool Corp. (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.05. The company had revenue of $918.90 million for the quarter, compared to analysts’ expectations of $904.82 million. Pool Corp. had a net margin of 5.76% and a return on equity of 57.51%. Pool Corp.’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.75 EPS. Analysts expect that Pool Corp. will post $3.43 earnings per share for the current fiscal year.
In other news, insider Arthur D. Cook sold 18,000 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $102.18, for a total transaction of $1,839,240.00. Following the completion of the transaction, the insider now directly owns 93,452 shares in the company, valued at approximately $9,548,925.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark W. Joslin sold 7,500 shares of the business’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $100.85, for a total transaction of $756,375.00. Following the transaction, the insider now owns 127,859 shares of the company’s stock, valued at $12,894,580.15. The disclosure for this sale can be found here. 8.00% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank raised its position in Pool Corp. by 0.5% in the second quarter. Huntington National Bank now owns 1,798 shares of the company’s stock worth $169,000 after buying an additional 9 shares during the period. McQueen Ball & Associates Inc. raised its position in Pool Corp. by 0.3% in the third quarter. McQueen Ball & Associates Inc. now owns 15,170 shares of the company’s stock worth $1,434,000 after buying an additional 46 shares during the period. State Treasurer State of Michigan raised its position in Pool Corp. by 0.6% in the second quarter. State Treasurer State of Michigan now owns 16,900 shares of the company’s stock worth $1,589,000 after buying an additional 100 shares during the period. Stifel Financial Corp raised its position in Pool Corp. by 1.7% in the second quarter. Stifel Financial Corp now owns 9,174 shares of the company’s stock worth $863,000 after buying an additional 155 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in Pool Corp. by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 14,586 shares of the company’s stock worth $1,379,000 after buying an additional 290 shares during the period. Hedge funds and other institutional investors 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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