De La Mesa Manuel J. Perez Sells 743 Shares of Pool Co. (NASDAQ:POOL) Stock

Pool Co. (NASDAQ:POOL) Vice Chairman De La Mesa Manuel J. Perez sold 743 shares of the firm’s stock in a transaction dated Monday, November 22nd. The stock was sold at an average price of $577.43, for a total value of $429,030.49. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Pool stock opened at $568.46 on Thursday. The business’s 50 day simple moving average is $493.68 and its 200 day simple moving average is $473.00. Pool Co. has a 52-week low of $305.47 and a 52-week high of $582.27. The firm has a market cap of $22.79 billion, a PE ratio of 38.46 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.81 and a current ratio of 2.25.

Pool (NASDAQ:POOL) last announced its earnings results on Wednesday, October 20th. The specialty retailer reported $4.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.87 by $0.64. Pool had a return on equity of 76.16% and a net margin of 11.81%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the firm earned $2.71 EPS. Pool’s revenue for the quarter was up 23.9% compared to the same quarter last year. As a group, equities research analysts predict that Pool Co. will post 15.17 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 24th. Shareholders of record on Thursday, November 11th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Tuesday, November 9th. Pool’s dividend payout ratio (DPR) is 21.65%.

POOL has been the topic of several recent analyst reports. Loop Capital lifted their price objective on Pool from $485.00 to $540.00 and gave the company a “hold” rating in a report on Friday, October 22nd. They noted that the move was a valuation call. Stephens lifted their price objective on Pool from $505.00 to $570.00 and gave the company an “equal weight” rating in a report on Monday, October 25th. Robert W. Baird reiterated a “buy” rating on shares of Pool in a report on Friday, November 12th. KeyCorp lifted their price objective on Pool from $500.00 to $570.00 and gave the company an “overweight” rating in a report on Friday, October 22nd. Finally, Zacks Investment Research cut Pool from a “buy” rating to a “hold” rating and set a $459.00 price objective on the stock. in a report on Monday, October 4th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $516.29.

Large investors have recently bought and sold shares of the business. Duncker Streett & Co. Inc. acquired a new position in shares of Pool during the 2nd quarter worth approximately $28,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in shares of Pool during the 3rd quarter worth approximately $26,000. Wolff Wiese Magana LLC increased its position in shares of Pool by 134.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 68 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 39 shares during the last quarter. Liberty Wealth Management LLC increased its position in shares of Pool by 1,420.0% during the 3rd quarter. Liberty Wealth Management LLC now owns 76 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 71 shares during the last quarter. Finally, IndexIQ Advisors LLC acquired a new position in shares of Pool during the 2nd quarter worth approximately $35,000. 91.10% of the stock is currently owned by hedge funds and other institutional investors.

About Pool

Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also offers non-discretionary pool maintenance products such as chemicals and replacement parts; discretionary products like packaged pool kits, whole goods, irrigation, and landscape products, including a complete line of commercial and residential irrigation products and parts, power equipment for the professional landscape market; specialty products such as outdoor lighting, grills, and outdoor kitchen components; and golf irrigation and water management products.

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