Pool Corporation $POOL Stock Bought by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. boosted its position in Pool Corporation (NASDAQ:POOL) by 72.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,046 shares of the specialty retailer’s stock after purchasing an additional 31,071 shares during the period. Pool comprises approximately 1.6% of Kinsale Capital Group Inc.’s portfolio, making the stock its 26th biggest holding. Kinsale Capital Group Inc. owned 0.21% of Pool worth $11,986,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of POOL. Stanley Capital Management LLC purchased a new stake in Pool in the 2nd quarter worth about $13,324,000. Formuepleje A S raised its stake in Pool by 8.2% in the 2nd quarter. Formuepleje A S now owns 157,327 shares of the specialty retailer’s stock valued at $33,810,000 after acquiring an additional 11,868 shares during the period. Freestone Grove Partners LP purchased a new stake in Pool during the second quarter valued at about $2,448,000. Bank of America Corp DE lifted its holdings in Pool by 48.0% during the first quarter. Bank of America Corp DE now owns 261,402 shares of the specialty retailer’s stock valued at $52,889,000 after purchasing an additional 84,817 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Pool during the second quarter valued at about $1,970,000. 98.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

POOL has been the subject of a number of research reports. Stifel Nicolaus cut their target price on shares of Pool from $189.00 to $175.00 and set a “hold” rating for the company in a research report on Tuesday, October 20th. Citigroup reissued an “underperform” rating on shares of Pool in a research report on Monday, October 19th. Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a research note on Wednesday, November 4th. Robert W. Baird set a $250.00 price target on shares of Pool in a research note on Friday, October 23rd. Finally, Oppenheimer cut their price objective on shares of Pool from $280.00 to $227.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $227.70.

Pool Price Performance

Shares of NASDAQ POOL opened at $221.05 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.86 and a current ratio of 2.46. Pool Corporation has a fifty-two week low of $152.70 and a fifty-two week high of $278.17. The stock has a market cap of $7.90 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 3.33 and a beta of 0.93. The stock has a fifty day moving average of $178.21 and a 200-day moving average of $201.42.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, October 22nd. The specialty retailer reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.36 by $0.04. Pool had a return on equity of 33.50% and a net margin of 7.27%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the firm posted $3.39 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts anticipate that Pool Corporation will post 10.95 earnings per share for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be given a dividend of $1.30 per share. The ex-dividend date is Tuesday, November 10th. This represents a $5.20 annualized dividend and a dividend yield of 2.4%. Pool’s dividend payout ratio is currently 47.84%.

About Pool

Pool Corporation, doing business as POOL, is a wholesale distributor of swimming pool and related outdoor living products. It supplies pool builders, service companies, retailers and other professionals with products used to construct, maintain, repair and renovate swimming pools.

Its offerings include pool and spa equipment, chemicals, parts, maintenance supplies and accessories, as well as products for outdoor living and, in some markets, irrigation and landscape applications. Pool Corporation distributes these products through a network of sales centers and distribution facilities.

Founded in 1993, the company serves customers across North America, Europe and Australia.