Pool (POOL) Downgraded to Hold at BidaskClub
Pool (NASDAQ:POOL) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
Separately, Robert W. Baird raised their target price on Pool from $125.00 to $131.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $127.25.
Shares of Pool (NASDAQ POOL) traded down $2.46 during mid-day trading on Tuesday, reaching $128.75. The company had a trading volume of 220,223 shares, compared to its average volume of 169,180. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.03 and a current ratio of 2.61. The firm has a market capitalization of $5,270.29, a price-to-earnings ratio of 32.60 and a beta of 0.96. Pool has a 1 year low of $97.25 and a 1 year high of $133.06.
Pool (NASDAQ:POOL) last issued its earnings results on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.02. Pool had a return on equity of 69.28% and a net margin of 6.19%. The firm had revenue of $743.40 million for the quarter. During the same quarter last year, the business posted $1.03 EPS. Pool’s quarterly revenue was up 7.5% on a year-over-year basis. analysts expect that Pool will post 4.07 EPS for the current year.
In other Pool news, Director Harlan F. Seymour sold 15,502 shares of the firm’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $118.87, for a total transaction of $1,842,722.74. Following the transaction, the director now owns 15,995 shares in the company, valued at $1,901,325.65. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert C. Sledd sold 7,200 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $131.02, for a total value of $943,344.00. Following the transaction, the director now owns 23,814 shares in the company, valued at approximately $3,120,110.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,330 shares of company stock worth $8,536,195. Company insiders own 7.00% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of POOL. Wasatch Advisors Inc. lifted its holdings in shares of Pool by 45.3% during the 4th quarter. Wasatch Advisors Inc. now owns 481,695 shares of the specialty retailer’s stock valued at $62,452,000 after purchasing an additional 150,276 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Pool by 20.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 92,826 shares of the specialty retailer’s stock valued at $10,041,000 after purchasing an additional 15,861 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Pool by 109.1% during the 3rd quarter. GSA Capital Partners LLP now owns 28,018 shares of the specialty retailer’s stock valued at $3,031,000 after purchasing an additional 14,616 shares in the last quarter. Algert Global LLC bought a new position in shares of Pool during the 3rd quarter valued at about $802,000. Finally, California Public Employees Retirement System lifted its holdings in shares of Pool by 5.9% during the 3rd quarter. California Public Employees Retirement System now owns 110,454 shares of the specialty retailer’s stock valued at $11,948,000 after purchasing an additional 6,154 shares in the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.
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Pool Company Profile
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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