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 business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the sale, the director now owns 62,577 shares in the company, valued at $21,651,642. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Pool Price Performance

NASDAQ:POOL opened at $342.54 on Friday. Pool Co. has a 52-week low of $293.51 and a 52-week 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. The firm has a market capitalization of $13.04 billion, a price-to-earnings ratio of 30.37, a P/E/G ratio of 2.03 and a beta of 1.03. The stock has a fifty day moving average of $343.00 and a 200 day moving average of $355.57.

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

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, March 12th. Pool’s dividend payout ratio is presently 42.55%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of 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 cut Pool from a “hold” rating to a “sell” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $368.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Putney Financial Group LLC bought a new position in Pool during the 4th quarter worth approximately $83,000. Forum Financial Management LP purchased a new stake in shares of Pool during the fourth quarter valued at approximately $212,000. Castlekeep Investment Advisors LLC bought a new position in shares of Pool in the fourth quarter worth approximately $3,255,000. Toronto Dominion Bank increased its stake in shares of Pool by 49.4% in the fourth quarter. Toronto Dominion Bank now owns 20,395 shares of the specialty retailer’s stock worth $6,953,000 after buying an additional 6,744 shares during the period. Finally, Vise Technologies Inc. bought a new stake in Pool during the 4th quarter valued at $354,000. 98.99% of the stock is owned by 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.