Pool Director Sells $136,680 in Stock (POOL)
Pool (NASDAQ:POOL) Director Robert C. Sledd unloaded 2,400 shares of Pool stock on the open market in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $56.95, for a total transaction of $136,680.00. Following the completion of the sale, the director now directly owns 50,113 shares in the company, valued at approximately $2,853,935. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Pool (NASDAQ:POOL) traded down 0.39% during mid-day trading on Thursday, hitting $55.91. The stock had a trading volume of 123,632 shares. Pool has a 52-week low of $50.58 and a 52-week high of $62.84. The stock’s 50-day moving average is $55.74 and its 200-day moving average is $57.82. The company has a market cap of $2.463 billion and a price-to-earnings ratio of 24.92.
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. Analysts expect that Pool will post $2.40 EPS for the current fiscal year.
POOL has been the subject of a number of recent research reports. 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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