BidaskClub lowered shares of Pool (NASDAQ:POOL) from a strong-buy rating to a buy rating in a research note released on Friday.

Several other equities research analysts have also weighed in on the company. Robert W. Baird raised their price objective on Pool from $125.00 to $131.00 and gave the stock an outperform rating in a research note on Friday, October 20th. Sidoti raised Pool from a neutral rating to a buy rating and raised their price objective for the stock from $119.00 to $131.00 in a research note on Friday, September 15th. Six equities research analysts have rated the stock with a buy rating, Pool currently has a consensus rating of Buy and an average target price of $127.25.

Shares of Pool (NASDAQ POOL) traded up $2.43 during mid-day trading on Friday, hitting $130.15. The stock had a trading volume of 487,902 shares, compared to its average volume of 192,763. Pool has a one year low of $97.25 and a one year high of $130.92. The firm has a market cap of $5,130.10, a PE ratio of 33.35 and a beta of 0.96. The company has a current ratio of 2.61, a quick ratio of 1.03 and a debt-to-equity ratio of 2.64.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.02. Pool had a return on equity of 69.28% and a net margin of 6.19%. The company had revenue of $743.40 million for the quarter. During the same quarter last year, the business posted $1.03 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. sell-side analysts predict that Pool will post 4.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Tuesday, November 14th. Pool’s dividend payout ratio is presently 37.47%.

In other news, Director Harlan F. Seymour sold 15,502 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $118.87, for a total value of $1,842,722.74. Following the completion of the sale, the director now owns 15,995 shares of the company’s stock, valued at $1,901,325.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO De La Mesa Manuel J. Perez sold 47,628 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $120.73, for a total value of $5,750,128.44. Following the completion of the sale, the chief executive officer now directly owns 61,708 shares of the company’s stock, valued at approximately $7,450,006.84. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.

Several institutional investors have recently modified their holdings of POOL. Daiwa Securities Group Inc. acquired a new stake in shares of Pool in the second quarter worth $188,000. TD Asset Management Inc. acquired a new stake in shares of Pool in the second quarter worth $1,952,000. Trexquant Investment LP acquired a new stake in shares of Pool in the second quarter worth $329,000. Canada Pension Plan Investment Board boosted its position in shares of Pool by 1,156.5% in the second quarter. Canada Pension Plan Investment Board now owns 57,800 shares of the specialty retailer’s stock worth $6,796,000 after buying an additional 53,200 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Pool by 4.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 213,000 shares of the specialty retailer’s stock worth $25,043,000 after buying an additional 8,190 shares during the period. 94.22% of the stock is owned by institutional investors and hedge funds.

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Pool Company Profile

Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).

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