Shares of Pool Corp. (NASDAQ:POOL) reached a new 52-week high on Wednesday . The company traded as high as $97.50 and last traded at $97.19, with a volume of 336,201 shares. The stock had previously closed at $96.09.

A number of research firms have recently weighed in on POOL. Zacks Investment Research lowered shares of Pool Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. Johnson Rice lowered shares of Pool Corp. from a “buy” rating to an “accumulate” rating in a research note on Friday, July 15th. Robert W. Baird began coverage on shares of Pool Corp. in a research note on Monday, June 6th. They issued an “outperform” rating on the stock. Finally, KeyCorp reiterated a “buy” rating and issued a $94.00 price objective on shares of Pool Corp. in a research note on Wednesday, March 30th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $89.00.

The stock has a market cap of $4.09 billion and a P/E ratio of 31.28. The company’s 50 day moving average is $92.76 and its 200-day moving average is $86.27.

Pool Corp. (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, April 21st. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.25 by $0.13. The firm had revenue of $515.30 million for the quarter, compared to analyst estimates of $482.67 million. The company’s revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 EPS. Equities research analysts expect that Pool Corp. will post $3.39 EPS for the current year.

In other news, VP Arthur D. Cook sold 20,454 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $88.00, for a total transaction of $1,799,952.00. Following the completion of the sale, the vice president now owns 84,466 shares in the company, valued at approximately $7,433,008. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Romain Kenneth G. St sold 22,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 26th. The stock was sold at an average price of $89.19, for a total transaction of $1,962,180.00. Following the sale, the vice president now owns 101,617 shares of the company’s stock, valued at approximately $9,063,220.23. The disclosure for this sale can be found here.

Other hedge funds recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Pool Corp. by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 289,429 shares of the company’s stock valued at $23,380,000 after buying an additional 10,059 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake in shares of Pool Corp. by 51.5% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 258,941 shares of the company’s stock valued at $20,663,000 after buying an additional 88,070 shares in the last quarter. Thornburg Investment Management Inc. increased its stake in shares of Pool Corp. by 2.0% in the fourth quarter. Thornburg Investment Management Inc. now owns 256,789 shares of the company’s stock valued at $20,743,000 after buying an additional 5,057 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Pool Corp. by 14.4% in the fourth quarter. California Public Employees Retirement System now owns 132,900 shares of the company’s stock valued at $10,736,000 after buying an additional 16,700 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Pool Corp. by 504.5% in the fourth quarter. Morgan Stanley now owns 111,302 shares of the company’s stock valued at $8,991,000 after buying an additional 92,889 shares in the last quarter.

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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