Pool Corp. (NASDAQ:POOL) Director Harlan F. Seymour sold 14,118 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $100.77, for a total value of $1,422,670.86. Following the completion of the sale, the director now owns 44,626 shares in the company, valued at approximately $4,496,962.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Several large investors have modified their holdings of the stock. Rhumbline Advisers increased its stake in shares of Pool Corp. by 7.5% in the fourth quarter. Rhumbline Advisers now owns 60,544 shares of the company’s stock worth $4,891,000 after buying an additional 4,205 shares during the last quarter. Swiss National Bank increased its stake in shares of Pool Corp. by 1.9% in the fourth quarter. Swiss National Bank now owns 57,483 shares of the company’s stock worth $4,643,000 after buying an additional 1,083 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Pool Corp. by 5.1% in the fourth quarter. First Trust Advisors LP now owns 46,596 shares of the company’s stock worth $3,764,000 after buying an additional 2,256 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Pool Corp. by 9.3% in the fourth quarter. Sei Investments Co. now owns 36,404 shares of the company’s stock worth $2,941,000 after buying an additional 3,089 shares during the last quarter.
A number of equities research analysts recently issued reports on POOL shares. KeyCorp reiterated a “buy” rating and issued a $94.00 price objective on shares of Pool Corp. in a research report on Wednesday, March 30th. Robert W. Baird started coverage on Pool Corp. in a research report on Monday, June 6th. They issued an “outperform” rating on the stock. Zacks Investment Research upgraded Pool Corp. from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research report on Wednesday, April 20th. Finally, Johnson Rice downgraded Pool Corp. from a “buy” rating to an “accumulate” rating in a research report on Friday, July 15th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $90.60.
Pool Corp. (NASDAQ:POOL) last announced its earnings results on Thursday, July 21st. The company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.05. During the same quarter in the prior year, the firm posted $1.75 earnings per share. The company had revenue of $918.90 million for the quarter, compared to analysts’ expectations of $904.82 million. Pool Corp.’s quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts forecast that Pool Corp. will post $3.44 EPS for the current fiscal year.
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is also a distributor of irrigation and landscape products in the United States. The Company operates over 340 sales centers in North America, Europe, South America and Australia through its over four distribution networks, such as SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
