Pool CFO Mark W. Joslin Sells 7,992 Shares (POOL)
Pool (NASDAQ:POOL) CFO Mark W. Joslin unloaded 7,992 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $55.40, for a total value of $442,756.80. Following the sale, the chief financial officer now directly owns 101,618 shares of the company’s stock, valued at approximately $5,629,637. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Pool (NASDAQ:POOL) traded up 1.84% during mid-day trading on Friday, hitting $56.32. The stock had a trading volume of 154,696 shares. Pool has a 1-year low of $50.58 and a 1-year high of $62.84. The stock’s 50-day moving average is $56.1 and its 200-day moving average is $57.63. The company has a market cap of $2.481 billion and a price-to-earnings ratio of 24.56.
Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.61 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.62 by $0.01. The company had revenue of $848.20 million for the quarter, compared to the consensus estimate of $855.98 million. During the same quarter last year, the company posted $1.39 earnings per share. Pool’s revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Pool will post $2.40 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Monday, August 11th.
A number of analysts have recently weighed in on POOL shares. Analysts at Zacks reiterated a “neutral” rating on shares of Pool in a research note on Tuesday, July 22nd. They now have a $58.00 price target on the stock. Analysts at Wedbush raised their price target on shares of Pool from $54.00 to $58.00 in a research note on Monday, July 21st. They now have a “neutral” rating on the stock.
Pool Corporation is a wholesale distributor of swimming pool supplies, equipment and related leisure products.
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