Wahed Invest LLC Has $298,000 Stake in Pool Co. (NASDAQ:POOL)

Wahed Invest LLC lifted its holdings in Pool Co. (NASDAQ:POOL) by 21.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 739 shares of the specialty retailer’s stock after buying an additional 130 shares during the period. Wahed Invest LLC’s holdings in Pool were worth $298,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blair William & Co. IL lifted its stake in Pool by 6.0% in the first quarter. Blair William & Co. IL now owns 843,650 shares of the specialty retailer’s stock valued at $340,413,000 after purchasing an additional 47,640 shares during the last quarter. Wasatch Advisors LP raised its holdings in Pool by 9.6% during the 1st quarter. Wasatch Advisors LP now owns 525,004 shares of the specialty retailer’s stock valued at $211,839,000 after acquiring an additional 45,953 shares during the period. Bank of New York Mellon Corp raised its holdings in Pool by 7.3% during the 1st quarter. Bank of New York Mellon Corp now owns 342,215 shares of the specialty retailer’s stock valued at $138,084,000 after acquiring an additional 23,274 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Pool by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 335,844 shares of the specialty retailer’s stock valued at $133,904,000 after acquiring an additional 8,102 shares during the period. Finally, Baird Financial Group Inc. raised its holdings in Pool by 12.6% during the 4th quarter. Baird Financial Group Inc. now owns 334,839 shares of the specialty retailer’s stock valued at $133,504,000 after acquiring an additional 37,348 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on POOL shares. Robert W. Baird boosted their target price on shares of Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Oppenheimer upped their price target on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Stephens decreased their price target on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a report on Tuesday, June 25th. The Goldman Sachs Group upped their price target on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Stifel Nicolaus dropped their target price on shares of Pool from $360.00 to $310.00 and set a “hold” rating for the company in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $347.22.

Pool Stock Down 3.3 %

Shares of NASDAQ POOL traded down $12.17 on Friday, reaching $353.39. 514,480 shares of the company’s stock traded hands, compared to its average volume of 377,031. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The business’s 50 day simple moving average is $336.41 and its two-hundred day simple moving average is $368.22. The company has a market cap of $13.55 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 2.75 and a beta of 1.00. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.09. Pool had a net margin of 8.58% and a return on equity of 32.85%. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm earned $5.89 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities research analysts forecast that Pool Co. will post 10.95 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 15th. Pool’s dividend payout ratio is 37.56%.

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.