Pool (NASDAQ:POOL) Sees Large Volume Increase

Pool Co. (NASDAQ:POOL) shares saw an uptick in trading volume on Thursday . 550,435 shares traded hands during mid-day trading, an increase of 70% from the previous session’s volume of 324,146 shares.The stock last traded at $378.29 and had previously closed at $377.39.

Analyst Ratings Changes

A number of research firms have recently weighed in on POOL. TheStreet downgraded shares of Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Oppenheimer lifted their price target on shares of Pool from $407.00 to $436.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Stifel Nicolaus restated a “hold” rating and set a $370.00 price objective on shares of Pool in a research report on Tuesday, March 5th. Finally, Loop Capital downgraded shares of Pool from a “buy” rating to a “hold” rating and boosted their price objective for the company from $380.00 to $415.00 in a research report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $397.80.

Pool Trading Up 0.3 %

The company has a quick ratio of 0.58, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. The company has a market cap of $14.29 billion, a P/E ratio of 29.04, a PEG ratio of 3.53 and a beta of 1.00. The firm’s 50 day moving average is $392.78 and its two-hundred day moving average is $373.76.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.02). Pool had a return on equity of 35.49% and a net margin of 9.17%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the firm earned $2.46 EPS. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Pool Co. will post 13.27 EPS for the current year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $1.10 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.19%. Pool’s dividend payout ratio is 34.43%.

Insider Buying and Selling

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $401.00, for a total value of $441,100.00. Following the sale, the general counsel now owns 8,622 shares of the company’s stock, valued at $3,457,422. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Pool

A number of institutional investors have recently bought and sold shares of POOL. JPMorgan Chase & Co. boosted its position in Pool by 56.7% during the third quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock valued at $308,156,000 after acquiring an additional 313,190 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in Pool by 463.2% during the third quarter. Adage Capital Partners GP L.L.C. now owns 240,623 shares of the specialty retailer’s stock valued at $85,686,000 after acquiring an additional 197,900 shares during the last quarter. International Assets Investment Management LLC boosted its position in Pool by 30,047.2% during the fourth quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock valued at $73,322,000 after acquiring an additional 183,288 shares during the last quarter. TD Asset Management Inc boosted its position in Pool by 585.6% during the fourth quarter. TD Asset Management Inc now owns 183,060 shares of the specialty retailer’s stock valued at $72,988,000 after acquiring an additional 156,361 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Pool by 55.0% during the third quarter. Envestnet Asset Management Inc. now owns 339,378 shares of the specialty retailer’s stock valued at $120,852,000 after acquiring an additional 120,427 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

About Pool

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.