Pool Target of Unusually High Options Trading (NASDAQ:POOL)

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Pool Co. (NASDAQ:POOL) saw some unusual options trading activity on Thursday. Investors bought 767 put options on the stock. This represents an increase of 1,222% compared to the typical daily volume of 58 put options.

A number of equities analysts have recently issued reports on POOL shares. ValuEngine lowered shares of Pool from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Robert W. Baird set a $192.00 target price on shares of Pool and gave the stock a “buy” rating in a research report on Friday, July 19th. BidaskClub upgraded shares of Pool from a “hold” rating to a “buy” rating in a research report on Wednesday, September 25th. Zacks Investment Research upgraded shares of Pool from a “sell” rating to a “hold” rating and set a $209.00 target price on the stock in a research report on Monday, August 12th. Finally, Sidoti lowered shares of Pool from a “buy” rating to a “neutral” rating and set a $215.00 target price on the stock. in a research report on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $203.00.

NASDAQ:POOL opened at $219.55 on Friday. The firm’s fifty day moving average price is $198.13 and its 200 day moving average price is $188.22. Pool has a 1-year low of $136.83 and a 1-year high of $228.19. The company has a debt-to-equity ratio of 2.30, a current ratio of 2.35 and a quick ratio of 0.97. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 1.50 and a beta of 0.88.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 17th. The specialty retailer reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.17. Pool had a net margin of 8.14% and a return on equity of 82.89%. The firm had revenue of $898.50 million for the quarter, compared to analyst estimates of $883.54 million. During the same period last year, the firm posted $1.66 EPS. Pool’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, analysts expect that Pool will post 5.81 earnings per share for the current fiscal year.

In other news, Vice Chairman De La Mesa Manuel J. Perez sold 4,443 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $192.63, for a total transaction of $855,855.09. Following the transaction, the insider now directly owns 64,145 shares in the company, valued at $12,356,251.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Peter D. Arvan bought 500 shares of the stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $187.20 per share, for a total transaction of $93,600.00. Following the completion of the transaction, the chief executive officer now owns 38,733 shares of the company’s stock, valued at approximately $7,250,817.60. The disclosure for this purchase can be found here. Insiders sold 48,965 shares of company stock worth $9,560,885 over the last quarter. 6.00% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. grew its position in Pool by 15,800.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 954 shares of the specialty retailer’s stock valued at $192,000 after buying an additional 948 shares during the last quarter. Schwab Charitable Fund purchased a new position in Pool in the 3rd quarter valued at $230,000. NewSquare Capital LLC grew its position in Pool by 37.8% in the 3rd quarter. NewSquare Capital LLC now owns 310 shares of the specialty retailer’s stock valued at $63,000 after buying an additional 85 shares during the last quarter. We Are One Seven LLC grew its position in Pool by 3.0% in the 3rd quarter. We Are One Seven LLC now owns 3,230 shares of the specialty retailer’s stock valued at $651,000 after buying an additional 94 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its holdings in Pool by 2.7% in the third quarter. Artemis Investment Management LLP now owns 322,943 shares of the specialty retailer’s stock valued at $64,045,000 after acquiring an additional 8,635 shares during the period. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Pool Company Profile

Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.

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