Pool (POOL) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Pool (NASDAQ:POOL) released its quarterly earnings data on Thursday. The specialty retailer reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.03), Morningstar.com reports. The business had revenue of $543.00 million during the quarter, compared to analyst estimates of $551.58 million. Pool had a net margin of 8.21% and a return on equity of 78.04%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 EPS. Pool updated its FY19 guidance to $6.05-6.35 EPS.

POOL stock opened at $152.00 on Friday. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 38.10, a price-to-earnings-growth ratio of 1.10 and a beta of 0.92. The company has a debt-to-equity ratio of 1.53, a current ratio of 3.29 and a quick ratio of 1.18. Pool has a 12 month low of $135.76 and a 12 month high of $175.87.

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In other news, CEO De La Mesa Manuel J. Perez sold 20,448 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $162.28, for a total value of $3,318,301.44. Following the completion of the sale, the chief executive officer now owns 69,001 shares of the company’s stock, valued at approximately $11,197,482.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO De La Mesa Manuel J. Perez sold 10,300 shares of the stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $160.98, for a total transaction of $1,658,094.00. Following the completion of the sale, the chief executive officer now directly owns 69,001 shares of the company’s stock, valued at approximately $11,107,780.98. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. FMR LLC boosted its position in shares of Pool by 5.6% during the 2nd quarter. FMR LLC now owns 1,156,051 shares of the specialty retailer’s stock worth $175,142,000 after purchasing an additional 61,632 shares during the period. Atria Investments LLC boosted its position in shares of Pool by 18.4% during the 3rd quarter. Atria Investments LLC now owns 4,076 shares of the specialty retailer’s stock worth $680,000 after purchasing an additional 632 shares during the period. Bank of Montreal Can boosted its position in shares of Pool by 7.8% during the 3rd quarter. Bank of Montreal Can now owns 6,964 shares of the specialty retailer’s stock worth $1,162,000 after purchasing an additional 505 shares during the period. First Hawaiian Bank purchased a new position in shares of Pool during the 3rd quarter worth approximately $267,000. Finally, HWG Holdings LP purchased a new position in shares of Pool during the 3rd quarter worth approximately $179,000. 94.39% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on POOL. Zacks Investment Research upgraded shares of Pool from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a report on Wednesday, November 21st. ValuEngine downgraded shares of Pool from a “buy” rating to a “hold” rating in a report on Friday. Finally, BidaskClub upgraded shares of Pool from a “buy” rating to a “strong-buy” rating in a report on Friday, November 23rd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $154.75.

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Pool Company Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; 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 landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.

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