Pool Co. (NASDAQ:POOL) Director Sells $3,460,000.00 in Stock

Pool Co. (NASDAQ:POOL) Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the completion of the sale, the director now owns 62,577 shares of the company’s stock, valued at $21,651,642. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Pool Stock Performance

Shares of Pool stock traded up $3.99 during trading on Tuesday, reaching $348.72. The company’s stock had a trading volume of 395,736 shares, compared to its average volume of 392,546. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. The business’s 50-day moving average price is $343.12 and its 200-day moving average price is $355.63. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The firm has a market cap of $13.27 billion, a PE ratio of 30.91, a P/E/G ratio of 2.03 and a beta of 1.03.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Pool had a net margin of 8.18% and a return on equity of 31.11%. The firm had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. Equities analysts forecast that Pool Co. will post 11.32 earnings per share for the current year.

Institutional Investors Weigh In On Pool

A number of large investors have recently added to or reduced their stakes in POOL. Berkshire Hathaway Inc bought a new stake in shares of Pool during the 3rd quarter valued at $152,249,000. Raymond James Financial Inc. acquired a new position in Pool in the fourth quarter valued at about $116,833,000. JPMorgan Chase & Co. lifted its position in Pool by 22.7% during the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock worth $474,886,000 after purchasing an additional 232,914 shares during the period. Wellington Management Group LLP grew its stake in Pool by 27.5% during the fourth quarter. Wellington Management Group LLP now owns 1,042,514 shares of the specialty retailer’s stock worth $355,435,000 after buying an additional 224,674 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in Pool by 37,863.6% during the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock worth $51,926,000 after buying an additional 137,445 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Wells Fargo & Company decreased their price objective on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Finally, Oppenheimer raised their target price on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $368.00.

Pool Company Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.