Pool Co. (NASDAQ:POOL) – William Blair issued their Q2 2019 earnings estimates for Pool in a research note issued on Thursday, October 18th, according to Zacks Investment Research. William Blair analyst R. Merkel anticipates that the specialty retailer will post earnings per share of $3.20 for the quarter. William Blair also issued estimates for Pool’s Q3 2019 earnings at $1.82 EPS.
A number of other equities research analysts have also issued reports on POOL. BidaskClub lowered Pool from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 25th. Zacks Investment Research downgraded Pool from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Jefferies Financial Group assumed coverage on Pool in a report on Friday, October 12th. They set a “hold” rating and a $145.00 price objective on the stock. Finally, Robert W. Baird reduced their price objective on Pool from $163.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday, October 19th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $156.60.
Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 18th. The specialty retailer reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.08. Pool had a return on equity of 78.04% and a net margin of 8.21%. The firm had revenue of $811.31 million during the quarter. During the same period in the prior year, the business posted $1.16 earnings per share. Pool’s revenue was up 9.1% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 29th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.80 annualized dividend and a yield of 1.22%. Pool’s payout ratio is currently 45.11%.
In other Pool news, insider Arthur D. Cook sold 2,000 shares of the firm’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $161.00, for a total transaction of $322,000.00. Following the transaction, the insider now directly owns 55,357 shares in the company, valued at approximately $8,912,477. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark W. Joslin sold 13,000 shares of Pool stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $162.28, for a total value of $2,109,640.00. Following the completion of the transaction, the insider now owns 131,228 shares in the company, valued at $21,295,679.84. The disclosure for this sale can be found here. Insiders have sold a total of 70,766 shares of company stock worth $11,473,167 over the last 90 days. 6.00% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in POOL. Dimensional Fund Advisors LP increased its holdings in shares of Pool by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 269,874 shares of the specialty retailer’s stock valued at $39,461,000 after acquiring an additional 3,409 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Pool by 24.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,333 shares of the specialty retailer’s stock valued at $779,000 after acquiring an additional 1,058 shares during the period. UBS Group AG increased its holdings in shares of Pool by 6.2% in the 1st quarter. UBS Group AG now owns 25,187 shares of the specialty retailer’s stock valued at $3,682,000 after acquiring an additional 1,467 shares during the period. Jane Street Group LLC purchased a new position in shares of Pool in the 1st quarter valued at $400,000. Finally, Guggenheim Capital LLC increased its holdings in shares of Pool by 9.8% in the 1st quarter. Guggenheim Capital LLC now owns 45,225 shares of the specialty retailer’s stock valued at $6,613,000 after acquiring an additional 4,020 shares during the period. Institutional investors and hedge funds own 93.69% of the company’s stock.
Pool Company Profile
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.
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