Pool Co. (NASDAQ:POOL) Director De La Mesa Manuel J. Perez Sells 10,000 Shares of Stock

Pool Co. (NASDAQ:POOL) Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 62,577 shares in the company, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Pool Price Performance

NASDAQ:POOL opened at $348.72 on Wednesday. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $13.27 billion, a P/E ratio of 30.91, a P/E/G ratio of 2.03 and a beta of 1.03. The stock’s fifty day moving average is $342.92 and its two-hundred day moving average is $355.63.

Pool (NASDAQ:POOL) last posted 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. Pool had a return on equity of 31.11% and a net margin of 8.18%. The company had revenue of $987.48 million for the quarter, compared to the consensus estimate of $961.04 million. Equities analysts expect that Pool Co. will post 11.32 EPS for the current year.

Institutional Investors Weigh In On Pool

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Putney Financial Group LLC purchased a new stake in Pool in the fourth quarter valued at $83,000. Forum Financial Management LP acquired a new stake in shares of Pool in the fourth quarter valued at $212,000. Castlekeep Investment Advisors LLC acquired a new stake in shares of Pool in the fourth quarter valued at $3,255,000. Toronto Dominion Bank grew 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 valued at $6,953,000 after buying an additional 6,744 shares in the last quarter. Finally, Vise Technologies Inc. acquired a new stake in shares of Pool in the fourth quarter valued at $354,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

POOL has been the topic of a number of analyst reports. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Wells Fargo & Company reduced their price objective on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $368.00.

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.