Pool Corp. (POOL) Reaches New 12-Month High at $102.86
Pool Corp. (NASDAQ:POOL)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $102.86 and last traded at $102.44, with a volume of 112,683 shares. The stock had previously closed at $101.14.
A number of brokerages have issued reports on POOL. Wedbush began coverage on Pool Corp. in a research report on Wednesday. They set an “outperform” rating and a $115.00 price target on the stock. Zacks Investment Research upgraded Pool Corp. from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research report on Friday, July 22nd. Johnson Rice cut Pool Corp. from a “buy” rating to an “accumulate” rating in a report on Friday, July 15th. Finally, Robert W. Baird began coverage on Pool Corp. in a report on Monday, June 6th. They set an “outperform” rating for the company. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $94.67.
The company’s 50 day moving average is $99.66 and its 200-day moving average is $90.56. The company has a market capitalization of $4.26 billion and a PE ratio of 30.79.
Pool Corp. (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, July 21st. The company reported $1.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.05. The company earned $918.90 million during the quarter, compared to analyst estimates of $904.82 million. During the same quarter last year, the firm earned $1.75 EPS. The business’s revenue was up 7.9% on a year-over-year basis. Equities analysts forecast that Pool Corp. will post $3.43 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Monday, August 8th. This is a positive change from Pool Corp.’s previous quarterly dividend of $0.26.
In other Pool Corp. news, CEO De La Mesa Manuel J. Perez sold 30,000 shares of Pool Corp. stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $100.70, for a total value of $3,021,000.00. Following the sale, the chief executive officer now owns 72,511 shares of the company’s stock, valued at approximately $7,301,857.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harlan F. Seymour sold 14,118 shares of Pool Corp. stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $100.77, for a total value of $1,422,670.86. Following the completion of the sale, the director now directly owns 44,626 shares in the company, valued at approximately $4,496,962.02. The disclosure for this sale can be found here.
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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