Insider Selling: Pool Co. (NASDAQ:POOL) Director Sells 10,000 Shares of Stock

Pool Co. (NASDAQ:POOL) Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’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 transaction, the director now directly 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 filing with the Securities & Exchange Commission, which is available through the SEC website.

Pool Stock Up 1.2 %

Shares of NASDAQ POOL opened at $348.72 on Wednesday. The company has a market capitalization of $13.27 billion, a price-to-earnings ratio of 30.91, a price-to-earnings-growth ratio of 2.03 and a beta of 1.03. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. The business has a 50-day moving average of $342.92 and a two-hundred day moving average of $355.63. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on POOL shares. Wells Fargo & Company lowered their target price on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $368.00.

Institutional Trading of Pool

Several institutional investors and hedge funds have recently made changes to their positions in POOL. Berkshire Hathaway Inc purchased a new stake in shares of Pool in the 3rd quarter valued at about $152,249,000. Raymond James Financial Inc. purchased a new stake in shares of Pool in the 4th quarter valued at about $116,833,000. JPMorgan Chase & Co. raised its stake in Pool by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after acquiring an additional 232,914 shares during the last quarter. Wellington Management Group LLP raised its stake in Pool by 27.5% during 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 acquiring an additional 224,674 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in Pool by 37,863.6% during the 3rd quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after acquiring an additional 137,445 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

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.