Pool (NASDAQ:POOL) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday, BidAskClub reports.

Several other equities research analysts have also commented on POOL. Zacks Investment Research lowered shares of Pool from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. Stephens set a $186.00 price objective on shares of Pool and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. ValuEngine lowered shares of Pool from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Finally, Robert W. Baird raised shares of Pool from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $160.00 to $177.00 in a research note on Friday, February 22nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $171.20.

NASDAQ:POOL opened at $185.83 on Wednesday. Pool has a one year low of $136.83 and a one year high of $190.93. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.60 and a current ratio of 1.96. The stock has a market cap of $7.53 billion, a P/E ratio of 33.07, a price-to-earnings-growth ratio of 1.33 and a beta of 0.93.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, April 18th. The specialty retailer reported $0.59 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.05). Pool had a return on equity of 79.99% and a net margin of 7.83%. The business had revenue of $597.50 million for the quarter, compared to the consensus estimate of $608.36 million. During the same period in the previous year, the firm earned $0.75 EPS. The company’s revenue was up 2.0% on a year-over-year basis. Research analysts anticipate that Pool will post 6.07 EPS for the current fiscal year.

Pool declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 2nd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

In other Pool news, insider Romain Kenneth G. St sold 27,105 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $158.06, for a total transaction of $4,284,216.30. Following the completion of the sale, the insider now directly owns 97,505 shares of the company’s stock, valued at $15,411,640.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Arthur D. Cook sold 3,747 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $160.08, for a total transaction of $599,819.76. Following the sale, the vice president now directly owns 45,095 shares of the company’s stock, valued at $7,218,807.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 213,612 shares of company stock worth $37,530,142. Insiders own 6.00% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Bessemer Group Inc. lifted its position in Pool by 81.2% during the fourth quarter. Bessemer Group Inc. now owns 520 shares of the specialty retailer’s stock valued at $77,000 after purchasing an additional 233 shares during the last quarter. King Luther Capital Management Corp increased its position in Pool by 79.2% during the 4th quarter. King Luther Capital Management Corp now owns 13,405 shares of the specialty retailer’s stock valued at $1,993,000 after purchasing an additional 5,925 shares during the period. Raymond James & Associates boosted its holdings in shares of Pool by 3.9% in the 1st quarter. Raymond James & Associates now owns 152,223 shares of the specialty retailer’s stock valued at $25,112,000 after buying an additional 5,679 shares in the last quarter. Atlanta Capital Management Co. L L C boosted its holdings in shares of Pool by 18.8% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 912,826 shares of the specialty retailer’s stock valued at $135,692,000 after buying an additional 144,724 shares in the last quarter. Finally, Aptus Capital Advisors LLC bought a new stake in shares of Pool in the 4th quarter valued at about $311,000. Hedge funds and other institutional investors own 94.59% of the company’s stock.

Pool Company Profile

Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.

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