A number of other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of Pool Corp. from a hold rating to a buy rating and set a $110.00 target price on the stock in a report on Friday, July 22nd. Johnson Rice cut shares of Pool Corp. from a buy rating to an accumulate rating in a report on Friday, July 15th. Finally, Robert W. Baird started coverage on shares of Pool Corp. in a report on Monday, June 6th. They issued an outperform rating on the stock. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $97.80.
Pool Corp. (NASDAQ:POOL) traded up 0.32% during trading on Monday, reaching $95.42. 23,619 shares of the company’s stock were exchanged. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 28.99 and a beta of 0.90. The stock has a 50-day moving average price of $97.65 and a 200 day moving average price of $93.52. Pool Corp. has a 52 week low of $71.10 and a 52 week high of $102.86.
Pool Corp. (NASDAQ:POOL) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.05. Pool Corp. had a net margin of 5.76% and a return on equity of 57.51%. The company had revenue of $918.90 million for the quarter, compared to analysts’ expectations of $904.82 million. During the same quarter last year, the company earned $1.75 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts forecast that Pool Corp. will post $3.43 earnings per share for the current fiscal year.
In related news, insider Mark W. Joslin sold 7,500 shares of Pool Corp. stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $100.85, for a total value of $756,375.00. Following the transaction, the insider now directly owns 127,859 shares in the company, valued at approximately $12,894,580.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Arthur D. Cook sold 18,000 shares of Pool Corp. 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 owns 93,452 shares in the company, valued at $9,548,925.36. The disclosure for this sale can be found here. 8.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. State Street Corp raised its stake in shares of Pool Corp. by 53.5% in the first quarter. State Street Corp now owns 1,414,849 shares of the company’s stock valued at $124,137,000 after buying an additional 493,299 shares during the last quarter. Norges Bank bought a new stake in shares of Pool Corp. during the fourth quarter valued at approximately $32,426,000. Mesirow Financial Investment Management Equity Management bought a new stake in shares of Pool Corp. during the second quarter valued at approximately $26,346,000. BlackRock Institutional Trust Company N.A. raised its stake in shares of Pool Corp. by 16.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,227,624 shares of the company’s stock valued at $107,712,000 after buying an additional 176,269 shares during the last quarter. Finally, Teachers Advisors Inc. raised its stake in shares of Pool Corp. by 261.2% in the first quarter. Teachers Advisors Inc. now owns 228,039 shares of the company’s stock valued at $20,008,000 after buying an additional 164,897 shares during the last quarter. Hedge funds and other institutional investors own 92.20% of the company’s stock.
About Pool Corp.
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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