Pool (POOL) Cut to Hold at BidaskClub

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BidaskClub downgraded shares of Pool (NASDAQ:POOL) from a buy rating to a hold rating in a research report released on Friday.

POOL has been the subject of several other research reports. Zacks Investment Research cut shares of Pool from a buy rating to a hold rating in a research report on Wednesday, July 4th. Robert W. Baird cut shares of Pool from an outperform rating to a neutral rating and set a $131.00 price objective for the company. in a research report on Tuesday, July 3rd. ValuEngine upgraded shares of Pool from a hold rating to a buy rating in a research report on Monday, June 18th. Finally, Berenberg Bank assumed coverage on shares of Pool in a research report on Wednesday, June 20th. They issued a hold rating and a $157.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $152.40.

POOL stock traded up $1.32 during trading on Friday, hitting $148.16. The company had a trading volume of 351,793 shares, compared to its average volume of 214,883. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.64 and a quick ratio of 1.15. Pool has a 12 month low of $110.13 and a 12 month high of $175.87. The stock has a market capitalization of $6.74 billion, a PE ratio of 37.13 and a beta of 0.84.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 19th. The specialty retailer reported $2.80 earnings per share for the quarter, missing the consensus estimate of $2.88 by ($0.08). Pool had a return on equity of 82.52% and a net margin of 7.69%. The company had revenue of $1.06 billion during the quarter. During the same period in the previous year, the business earned $2.21 EPS. Pool’s revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts expect that Pool will post 5.54 earnings per share for the current fiscal year.

In other Pool news, insider Mark W. Joslin sold 13,000 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $162.28, for a total transaction of $2,109,640.00. Following the completion of the sale, the insider now owns 131,228 shares in the company, valued at approximately $21,295,679.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO De La Mesa Manuel J. Perez sold 40,000 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $161.52, for a total transaction of $6,460,800.00. Following the sale, the chief executive officer now owns 60,258 shares of the company’s stock, valued at approximately $9,732,872.16. The disclosure for this sale can be found here. Insiders have sold a total of 70,766 shares of company stock valued at $11,473,167 in the last quarter. Corporate insiders own 6.00% of the company’s stock.

Several institutional investors have recently modified their holdings of POOL. Dimensional Fund Advisors LP raised its position in shares of Pool by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 269,874 shares of the specialty retailer’s stock valued at $39,461,000 after acquiring an additional 3,409 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Pool by 24.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,333 shares of the specialty retailer’s stock valued at $779,000 after buying an additional 1,058 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Pool by 28.8% in the 1st quarter. Hsbc Holdings PLC now owns 7,345 shares of the specialty retailer’s stock valued at $1,075,000 after buying an additional 1,642 shares during the period. Stifel Financial Corp grew its holdings in shares of Pool by 9.5% in the 1st quarter. Stifel Financial Corp now owns 35,671 shares of the specialty retailer’s stock valued at $5,228,000 after buying an additional 3,103 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Pool by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 205,748 shares of the specialty retailer’s stock valued at $30,085,000 after buying an additional 4,922 shares during the period. Institutional investors own 93.97% of the company’s stock.

About Pool

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.

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