De La Mesa Manuel J. Perez Sells 10,000 Shares of Pool Co. (NASDAQ:POOL) Stock

Pool Co. (NASDAQ:POOL) Director De La Mesa Manuel J. Perez sold 10,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $346.00, for a total value of $3,460,000.00. Following the sale, the director now owns 62,577 shares of the company’s stock, valued at $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Pool Trading Up 1.2 %

Shares of NASDAQ:POOL traded up $3.99 during midday trading on Tuesday, hitting $348.72. 395,736 shares of the stock were exchanged, compared to its average volume of 392,546. The business’s 50-day moving average price is $343.12 and its 200 day moving average price is $355.63. The stock has a market capitalization of $13.27 billion, a price-to-earnings ratio of 30.91, a P/E/G ratio of 2.03 and a beta of 1.03. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.08. Pool had a net margin of 8.18% and a return on equity of 31.11%. The firm had revenue of $987.48 million during the quarter, compared to the consensus estimate of $961.04 million. Analysts predict that Pool Co. will post 11.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wells Fargo & Company lowered their price target on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Stifel Nicolaus raised their price target on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Oppenheimer upped their price objective on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Pool has an average rating of “Hold” and a consensus target price of $368.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of POOL. Vanguard Group Inc. boosted its holdings in Pool by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 4,443,451 shares of the specialty retailer’s stock valued at $1,514,950,000 after acquiring an additional 21,870 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Pool by 22.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock worth $474,886,000 after purchasing an additional 232,914 shares during the period. Wellington Management Group LLP boosted its stake in shares of Pool by 27.5% in the 4th quarter. Wellington Management Group LLP now owns 1,042,514 shares of the specialty retailer’s stock valued at $355,435,000 after purchasing an additional 224,674 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Pool by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 977,862 shares of the specialty retailer’s stock worth $332,566,000 after buying an additional 13,519 shares during the period. Finally, Invesco Ltd. raised its stake in Pool by 6.2% during the fourth quarter. Invesco Ltd. now owns 763,817 shares of the specialty retailer’s stock worth $260,416,000 after buying an additional 44,884 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Company Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.