Pool Announces Quarterly Dividend of $0.37 (POOL)

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Pool (NASDAQ:POOL) declared a quarterly dividend on Thursday, March 1st, RTT News reports. Shareholders of record on Friday, March 16th will be given a dividend of 0.37 per share by the specialty retailer on Thursday, March 29th. This represents a $1.48 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, March 15th.

Shares of NASDAQ:POOL traded down $0.36 during midday trading on Thursday, reaching $147.63. The company had a trading volume of 303,995 shares, compared to its average volume of 231,437. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.76 and a current ratio of 2.43. The company has a market capitalization of $5,934.15, a P/E ratio of 37.00 and a beta of 0.81. Pool has a 52-week low of $97.25 and a 52-week high of $150.26.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, February 15th. The specialty retailer reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. Pool had a net margin of 6.87% and a return on equity of 70.46%. The company had revenue of $510.18 million for the quarter. During the same period last year, the firm posted $0.06 earnings per share. Pool’s quarterly revenue was up 14.6% compared to the same quarter last year. research analysts predict that Pool will post 5.48 earnings per share for the current year.

In related news, VP Arthur D. Cook sold 48,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $148.00, for a total value of $7,104,000.00. Following the transaction, the vice president now directly owns 103,633 shares in the company, valued at $15,337,684. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO De La Mesa Manuel J. Perez sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $148.26, for a total transaction of $192,738.00. Following the completion of the transaction, the chief executive officer now owns 53,058 shares in the company, valued at $7,866,379.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,000 shares of company stock worth $18,685,004. 7.00% of the stock is owned by company insiders.

A number of brokerages recently issued reports on POOL. ValuEngine upgraded Pool from a “hold” rating to a “buy” rating in a research note on Wednesday. Robert W. Baird reiterated a “buy” rating and set a $158.00 price target on shares of Pool in a research report on Friday, February 16th. Stephens set a $160.00 price target on Pool and gave the company a “hold” rating in a research report on Thursday, February 15th. BidaskClub upgraded Pool from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 30th. Finally, Zacks Investment Research upgraded Pool from a “hold” rating to a “buy” rating and set a $161.00 price target on the stock in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Pool presently has an average rating of “Buy” and an average price target of $147.60.

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About Pool

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.

Dividend History for Pool (NASDAQ:POOL)

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