Pool (POOL) has a market cap of $3.8 billion. It rose 0.50% to close at $92.22 per share on October 28, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -2.4%, -2.3%, and 15.3%, respectively, on the same day. POOL is trading 1.5% below its 20-day moving average, 4.0% below its 50-day moving average, and 2.3% above its 200-day moving average.
Related ETF and peers
The SPDR S&P 400 Mid-Cap Growth ETF (MDYG) invests 0.59% of its holdings in Pool. The ETF tracks a market-cap-weighted index of growth companies culled from the S&P 400. The YTD price movement of MDYG was 4.0% on October 28. The market caps of Pool’s competitors are as follows:
Pool declares dividend
Pool has declared a quarterly cash dividend of $0.31 per share on its common stock. The dividend will be paid on November 23, 2016, to shareholders of record on November 9, 2016.
Performance of POOL in 3Q16
POOL reported 3Q16 net sales of $691.4 million, a rise of 7.1% from the $645.8 million reported in 3Q15. The company’s gross profit margin and operating margin expanded by 33 basis points and 59 basis points, respectively, between 3Q15 and 3Q16.
Its net income and EPS (earnings per share) rose to $44.5 million and $1.03, respectively, in 3Q16, compared with $39.4 million and $0.90, respectively, in 3Q15. It reported adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $83.0 million in 3Q16, a rise of 15.1% over fiscal 3Q15.
POOL’s cash and cash equivalents and product inventories rose 2.7% and 10.3%, respectively, between 3Q15 and 3Q16. Its current ratio fell to 2.2x, and its debt-to-equity ratio rose to 2.8x in 3Q16, compared with 2.7x and 2.6x, respectively, in 3Q15. The company has projected EPS of $3.40–$3.46 for fiscal 2016. Next, we’ll look at Avery Dennison (AVY).