Pool Corporation (POOL) Director Harlan F. Seymour Sells 15,502 Shares
Pool Corporation (NASDAQ:POOL) Director Harlan F. Seymour sold 15,502 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $118.87, for a total value of $1,842,722.74. Following the transaction, the director now directly owns 15,995 shares in the company, valued at approximately $1,901,325.65. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Pool Corporation (NASDAQ POOL) traded down 0.46% during mid-day trading on Wednesday, reaching $120.93. The company’s stock had a trading volume of 387,078 shares. The stock has a market cap of $4.99 billion, a PE ratio of 31.43 and a beta of 0.92. The company has a 50 day moving average of $109.33 and a 200-day moving average of $113.89. Pool Corporation has a 52-week low of $90.51 and a 52-week high of $124.25.
Pool Corporation (NASDAQ:POOL) last released its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.02. The firm had revenue of $743.40 million for the quarter. Pool Corporation had a return on equity of 69.28% and a net margin of 6.19%. Pool Corporation’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. Equities analysts forecast that Pool Corporation will post $4.06 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in POOL. BlackRock Inc. grew its position in shares of Pool Corporation by 1.3% in the second quarter. BlackRock Inc. now owns 3,302,906 shares of the specialty retailer’s stock valued at $388,322,000 after purchasing an additional 42,148 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Pool Corporation by 1.4% in the second quarter. Vanguard Group Inc. now owns 3,218,512 shares of the specialty retailer’s stock valued at $378,401,000 after purchasing an additional 45,888 shares during the last quarter. Eagle Asset Management Inc. grew its position in shares of Pool Corporation by 11.0% in the second quarter. Eagle Asset Management Inc. now owns 1,125,341 shares of the specialty retailer’s stock valued at $132,306,000 after purchasing an additional 111,250 shares during the last quarter. State Street Corp grew its position in shares of Pool Corporation by 1.4% in the first quarter. State Street Corp now owns 1,099,499 shares of the specialty retailer’s stock valued at $131,204,000 after purchasing an additional 14,962 shares during the last quarter. Finally, FMR LLC grew its position in shares of Pool Corporation by 2.1% in the second quarter. FMR LLC now owns 1,098,147 shares of the specialty retailer’s stock valued at $129,109,000 after purchasing an additional 22,236 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.
A number of research analysts have recently commented on the company. Zacks Investment Research lowered Pool Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Robert W. Baird increased their price objective on Pool Corporation from $125.00 to $131.00 and gave the company an “outperform” rating in a report on Friday, October 20th. BidaskClub lowered Pool Corporation from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Johnson Rice raised Pool Corporation from an “accumulate” rating to a “buy” rating in a report on Monday, July 24th. Finally, Sidoti raised Pool Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $119.00 to $131.00 in a report on Friday, September 15th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Pool Corporation has an average rating of “Buy” and a consensus price target of $127.25.
About Pool Corporation
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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