Several other brokerages have also recently commented on POOL. Zacks Investment Research cut GenMark Diagnostics from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Stephens restated a “buy” rating and set a $34.00 price target on shares of Guaranty Bancshares in a report on Tuesday, April 23rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $174.75.
Shares of POOL stock opened at $184.94 on Friday. The firm has a 50 day moving average of $186.58. Pool has a one year low of $136.83 and a one year high of $193.43. The company has a market capitalization of $7.35 billion, a PE ratio of 33.87, a PEG ratio of 1.31 and a beta of 0.92. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.96 and a quick ratio of 0.60.
Pool (NASDAQ:POOL) last announced its earnings results on Thursday, April 18th. The specialty retailer reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.05). Pool had a net margin of 7.83% and a return on equity of 79.99%. The company had revenue of $597.50 million during the quarter, compared to the consensus estimate of $608.36 million. During the same quarter in the previous year, the company earned $0.75 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. Sell-side analysts predict that Pool will post 6.03 earnings per share for the current year.
Pool declared that its board has initiated a share repurchase program on Thursday, May 2nd that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the specialty retailer to repurchase up to 2.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
In other Pool news, insider Romain Kenneth G. St sold 23,194 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $185.27, for a total transaction of $4,297,152.38. Following the transaction, the insider now directly owns 113,721 shares in the company, valued at approximately $21,069,089.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Hart Melanie Housey sold 1,600 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $185.20, for a total value of $296,320.00. Following the transaction, the vice president now owns 11,884 shares in the company, valued at $2,200,916.80. The disclosure for this sale can be found here. Insiders have sold a total of 143,370 shares of company stock worth $26,343,992 over the last 90 days. Company insiders own 6.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of POOL. Carroll Financial Associates Inc. raised its position in Pool by 544.6% in the 2nd quarter. Carroll Financial Associates Inc. now owns 419 shares of the specialty retailer’s stock valued at $80,000 after buying an additional 354 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its position in Pool by 9.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 6,022 shares of the specialty retailer’s stock valued at $994,000 after buying an additional 500 shares during the last quarter. Sepio Capital LLC raised its position in Pool by 8.9% in the 1st quarter. Sepio Capital LLC now owns 2,014 shares of the specialty retailer’s stock valued at $332,000 after buying an additional 165 shares during the last quarter. GYL Financial Synergies LLC purchased a new stake in Pool in the 1st quarter valued at $1,068,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in Pool by 0.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,586,751 shares of the specialty retailer’s stock valued at $261,768,000 after buying an additional 10,798 shares during the last quarter. Hedge funds and other institutional investors own 95.29% of the company’s stock.
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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