Peter D. Arvan Buys 500 Shares of Pool Co. (NASDAQ:POOL) Stock

Pool Co. (NASDAQ:POOL – Get Rating) CEO Peter D. Arvan acquired 500 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The stock was purchased at an average cost of $387.08 per share, for a total transaction of $193,540.00. Following the purchase, the chief executive officer now owns 61,825 shares of the company’s stock, valued at $23,931,221. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

POOL stock traded up $6.15 during midday trading on Thursday, reaching $393.46. The stock had a trading volume of 461,300 shares, compared to its average volume of 386,348. The stock has a market cap of $15.77 billion, a PE ratio of 21.90, a P/E/G ratio of 2.17 and a beta of 0.87. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.79 and a current ratio of 2.50. The firm has a fifty day simple moving average of $426.99 and a two-hundred day simple moving average of $481.10. Pool Co. has a 52-week low of $377.52 and a 52-week high of $582.27.

Pool (NASDAQ:POOL – Get Rating) last issued its earnings results on Thursday, April 21st. The specialty retailer reported $4.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.11 by $1.30. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.27 billion. Pool had a return on equity of 69.76% and a net margin of 12.95%. The firm’s quarterly revenue was up 33.2% on a year-over-year basis. During the same quarter last year, the business posted $2.42 EPS. On average, sell-side analysts predict that Pool Co. will post 18.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Monday, May 16th will be paid a $1.00 dividend. This is a positive change from Pool’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Friday, May 13th. This represents a $4.00 dividend on an annualized basis and a yield of 1.02%. Pool’s dividend payout ratio (DPR) is 22.26%.

POOL has been the subject of a number of analyst reports. Robert W. Baird lowered their target price on Pool from $600.00 to $550.00 in a report on Friday, April 22nd. Stifel Nicolaus initiated coverage on Pool in a report on Monday, April 4th. They set a “buy” rating and a $485.00 target price for the company. Berenberg Bank restated a “buy” rating and set a $519.00 target price on shares of Pool in a report on Tuesday, March 8th. Loop Capital upped their target price on Pool from $455.00 to $465.00 and gave the stock a “hold” rating in a report on Friday, April 22nd. Finally, Edward Jones began coverage on Pool in a report on Tuesday, April 12th. They set a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $539.22.

A number of institutional investors and hedge funds have recently made changes to their positions in POOL. Aaron Wealth Advisors LLC grew its position in Pool by 42,184.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 463,443 shares of the specialty retailer’s stock worth $1,096,000 after purchasing an additional 462,347 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in Pool during the 1st quarter worth about $158,878,000. Norges Bank acquired a new stake in Pool during the 4th quarter worth about $200,159,000. Artemis Investment Management LLP grew its position in Pool by 71.9% during the 1st quarter. Artemis Investment Management LLP now owns 515,982 shares of the specialty retailer’s stock worth $217,825,000 after purchasing an additional 215,758 shares during the period. Finally, Findlay Park Partners LLP grew its position in Pool by 83.8% during the 4th quarter. Findlay Park Partners LLP now owns 454,058 shares of the specialty retailer’s stock worth $256,997,000 after purchasing an additional 207,072 shares during the period. 91.88% of the stock is currently owned by institutional investors.

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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