Pool Co. (NASDAQ:POOL) Declares Dividend of $0.55

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Pool Co. (NASDAQ:POOL) announced a dividend on Thursday, October 31st, Fidelity reports. Stockholders of record on Thursday, November 14th will be given a dividend of 0.55 per share by the specialty retailer on Wednesday, November 27th. The ex-dividend date is Wednesday, November 13th.

Shares of Pool stock traded up $2.70 on Tuesday, hitting $206.45. 2,416 shares of the company traded hands, compared to its average volume of 293,697. The stock has a market capitalization of $8.09 billion, a P/E ratio of 36.71, a price-to-earnings-growth ratio of 1.47 and a beta of 0.87. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.98 and a current ratio of 2.68. Pool has a 52 week low of $137.02 and a 52 week high of $228.19. The business has a 50-day simple moving average of $203.41 and a 200 day simple moving average of $192.51.

Pool (NASDAQ:POOL) last posted its earnings results 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 8.24% and a return on equity of 82.52%. The firm had revenue of $898.50 million during the quarter, compared to analyst estimates of $883.54 million. During the same period last year, the firm posted $1.66 earnings per share. Pool’s revenue for the quarter was up 10.7% compared to the same quarter last year. Research analysts expect that Pool will post 5.84 earnings per share for the current year.

POOL has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Pool from a “buy” rating to a “hold” rating and set a $228.00 target price for the company. in a report on Monday, October 21st. Robert W. Baird raised their target price on shares of Pool from $192.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Stephens raised their target price on shares of Pool from $187.00 to $196.00 and gave the company an “equal weight” rating in a report on Monday, September 23rd. Sidoti lowered shares of Pool from a “buy” rating to a “neutral” rating and set a $215.00 target price for the company. in a report on Friday, August 23rd. Finally, ValuEngine lowered shares of Pool from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Pool presently has a consensus rating of “Hold” and an average target price of $217.25.

In related news, CAO Hart Melanie Housey sold 2,400 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $194.88, for a total value of $467,712.00. Following the sale, the chief accounting officer now owns 12,684 shares in the company, valued at $2,471,857.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman De La Mesa Manuel J. Perez sold 6,874 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $198.17, for a total value of $1,362,220.58. Following the completion of the sale, the insider now owns 66,576 shares in the company, valued at approximately $13,193,365.92. The disclosure for this sale can be found here. Insiders have sold 24,281 shares of company stock valued at $5,056,733 over the last ninety days. 6.00% of the stock is owned by insiders.

About Pool

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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Dividend History for Pool (NASDAQ:POOL)

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