Pool Corp. (POOL) Receives Average Rating of “Buy” from Brokerages
Shares of Pool Corp. (NASDAQ:POOL) have earned a consensus recommendation of “Buy” from the eight research firms that are presently covering the company. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $97.67.
Several brokerages have recently commented on POOL. Zacks Investment Research downgraded shares of Pool Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Wedbush began coverage on shares of Pool Corp. in a research report on Wednesday, August 24th. They set an “outperform” rating and a $115.00 price objective on the stock. Finally, Johnson Rice downgraded shares of Pool Corp. from a “buy” rating to an “accumulate” rating in a research report on Friday, July 15th.
In other Pool Corp. news, insider Hart Melanie Housey sold 2,000 shares of Pool Corp. stock in a transaction on Monday, August 1st. The shares were sold at an average price of $102.31, for a total value of $204,620.00. Following the completion of the transaction, the insider now directly owns 9,290 shares of the company’s stock, valued at approximately $950,459.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO De La Mesa Manuel J. Perez sold 30,000 shares of Pool Corp. stock in a transaction on Monday, July 25th. The stock was sold at an average price of $100.70, for a total transaction of $3,021,000.00. Following the completion of the transaction, the chief executive officer now directly owns 72,511 shares of the company’s stock, valued at $7,301,857.70. The disclosure for this sale can be found here. Corporate insiders own 8.00% of the company’s stock.
Several institutional investors have recently modified their holdings of POOL. Meeder Asset Management Inc. acquired a new position in shares of Pool Corp. during the second quarter worth approximately $122,000. BlueMountain Capital Management LLC acquired a new position in shares of Pool Corp. during the first quarter worth approximately $133,000. Tower Research Capital LLC TRC boosted its position in shares of Pool Corp. by 946.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,549 shares of the company’s stock worth $145,000 after buying an additional 1,401 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Pool Corp. during the second quarter worth approximately $160,000. Finally, Huntington National Bank boosted its position in shares of Pool Corp. by 0.5% in the second quarter. Huntington National Bank now owns 1,798 shares of the company’s stock worth $169,000 after buying an additional 9 shares during the last quarter. 92.20% of the stock is owned by institutional investors and hedge funds.
Shares of Pool Corp. (NASDAQ:POOL) traded down 2.15% on Tuesday, reaching $93.03. 103,680 shares of the company traded hands. Pool Corp. has a 1-year low of $71.10 and a 1-year high of $102.86. The firm has a market capitalization of $3.91 billion, a P/E ratio of 28.27 and a beta of 0.90. The stock has a 50-day moving average price of $96.91 and a 200 day moving average price of $93.86.
Pool Corp. (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, July 21st. The company reported $1.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.05. The firm had revenue of $918.90 million for the quarter, compared to the consensus estimate of $904.82 million. Pool Corp. had a net margin of 5.76% and a return on equity of 57.51%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $1.75 EPS. Analysts anticipate that Pool Corp. will post $3.43 EPS for the current fiscal year.
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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