L. Roy Papp & Associates LLP Sells 35 Shares of Pool Co. (NASDAQ:POOL)

L. Roy Papp & Associates LLP reduced its stake in shares of Pool Co. (NASDAQ:POOL) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,300 shares of the specialty retailer’s stock after selling 35 shares during the period. L. Roy Papp & Associates LLP’s holdings in Pool were worth $707,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Stuart Chaussee & Associates Inc. lifted its position in Pool by 250.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 55 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of Pool by 73.7% during the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock worth $39,000 after buying an additional 42 shares during the period. VisionPoint Advisory Group LLC boosted its position in shares of Pool by 11,800.0% during the fourth quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock worth $47,000 after buying an additional 118 shares during the period. UMB Bank n.a. grew its holdings in shares of Pool by 221.6% during the first quarter. UMB Bank n.a. now owns 164 shares of the specialty retailer’s stock worth $66,000 after buying an additional 113 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Pool by 693.5% in the 2nd quarter. Blue Trust Inc. now owns 246 shares of the specialty retailer’s stock valued at $76,000 after buying an additional 215 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

Pool stock traded up $10.44 during mid-day trading on Friday, hitting $358.52. 182,506 shares of the company’s stock traded hands, compared to its average volume of 369,474. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $335.19 and a two-hundred day simple moving average of $364.75. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The stock has a market cap of $13.72 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 2.53 and a beta of 1.00.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.09. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.74 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the business posted $5.89 earnings per share. On average, research analysts expect that Pool Co. will post 10.98 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Thursday, August 15th. Pool’s dividend payout ratio is 37.56%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Loop Capital decreased their price target on shares of Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research note on Tuesday, June 25th. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Bank of America decreased their price target on Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research note on Tuesday, June 25th. Stifel Nicolaus dropped their price objective on Pool from $360.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. Finally, The Goldman Sachs Group raised their target price on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $347.22.

Pool Company Profile

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.