Pool (NASDAQ:POOL – Get Rating) released its quarterly earnings results on Thursday. The specialty retailer reported $4.41 earnings per share for the quarter, beating the consensus estimate of $3.11 by $1.30, Briefing.com reports. Pool had a return on equity of 70.81% and a net margin of 12.29%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the firm posted $2.42 EPS. The company’s revenue was up 33.2% compared to the same quarter last year. Pool updated its FY 2022 guidance to $18.340-$19.090 EPS and its FY22 guidance to $18.34-19.09 EPS.
Shares of NASDAQ POOL traded up $1.00 during mid-day trading on Friday, hitting $428.19. 6,281 shares of the stock traded hands, compared to its average volume of 375,179. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.58 and a current ratio of 2.38. Pool has a 52 week low of $401.51 and a 52 week high of $582.27. The company has a market cap of $17.18 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 2.36 and a beta of 0.89. The stock has a fifty day moving average price of $444.67 and a 200-day moving average price of $489.68.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 24th. Investors of record on Thursday, March 10th were given a dividend of $0.80 per share. The ex-dividend date was Wednesday, March 9th. This represents a $3.20 annualized dividend and a dividend yield of 0.75%. Pool’s dividend payout ratio is presently 20.03%.
A number of large investors have recently made changes to their positions in POOL. Monolith Advisors purchased a new position in Pool during the fourth quarter valued at $32,000. Penserra Capital Management LLC raised its stake in shares of Pool by 22.0% in the fourth quarter. Penserra Capital Management LLC now owns 172 shares of the specialty retailer’s stock worth $97,000 after purchasing an additional 31 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Pool by 35.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 499 shares of the specialty retailer’s stock worth $225,000 after acquiring an additional 130 shares during the period. EverSource Wealth Advisors LLC bought a new stake in shares of Pool in the fourth quarter worth $634,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Pool in the fourth quarter worth $643,000. Institutional investors and hedge funds own 91.12% of the company’s stock.
Pool Company Profile (Get Rating)
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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.
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