The stock of Pool Corporation (NASDAQ:POOL) reached all time high today, Nov, 24 and still has $106.51 target or 5.00% above today’s $101.44 share price. This indicates more upside for the $4.25 billion company. This technical setup was reported by Barchart.com. If the $106.51 PT is reached, the company will be worth $212.50 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock decreased 0.70% or $0.72 on November 23, hitting $101.44. About 222,847 shares traded hands. Pool Corporation (NASDAQ:POOL) has risen 13.53% since April 22, 2016 and is uptrending. It has outperformed by 8.12% the S&P500.
Analysts await Pool Corporation (NASDAQ:POOL) to report earnings on February, 16. They expect $0.05 earnings per share, down 16.67% or $0.01 from last year’s $0.06 per share. POOL’s profit will be $2.09M for 507.20 P/E if the $0.05 EPS becomes a reality. After $1.03 actual earnings per share reported by Pool Corporation for the previous quarter, Wall Street now forecasts -95.15% negative EPS growth.
Pool Corporation (NASDAQ:POOL) Ratings Coverage
Out of 6 analysts covering Pool Corporation (NASDAQ:POOL), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. Pool Corporation has been the topic of 7 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by William Blair given on Tuesday, July 28. The rating was downgraded by Johnson Rice to “Accumulate” on Friday, July 15. The rating was upgraded by KeyBanc Capital Markets on Tuesday, September 8 to “Overweight”. The rating was downgraded by Zacks to “Sell” on Monday, September 21. Sidoti downgraded the stock to “Neutral” rating in Monday, October 12 report.
According to Zacks Investment Research, “SCP Pool Corporation distributes swimming pool supplies and related products to swimming pool remodelers and builders, independent retail stores and swimming pool repair and service companies. The company distributes more than 34,000 national brand and private label products to its customers. These products include both non-discretionary pool maintenance products, such as chemicals and replacement parts, packaged pools (kits to build swimming pools which include walls, liners, bracing and other materials), and pool equipment, such as cleaners and filters.”
Insitutional Activity: The institutional sentiment increased to 1.1 in Q2 2016. Its up 0.18, from 0.92 in 2016Q1. The ratio is positive, as 27 funds sold all Pool Corporation shares owned while 99 reduced positions. 47 funds bought stakes while 69 increased positions. They now own 38.04 million shares or 4.66% less from 39.90 million shares in 2016Q1.
Paloma Prtnrs Mngmt last reported 103,266 shares in the company. Moreover, Millennium Mgmt has 0.02% invested in Pool Corporation (NASDAQ:POOL) for 81,571 shares. First Advsrs Lp has 0.02% invested in the company for 53,307 shares. Pictet Asset Management holds 0.02% or 64,100 shares in its portfolio. Guggenheim Cap Llc last reported 0.03% of its portfolio in the stock. Fisher Asset Ltd Liability Corp has invested 0.12% of its portfolio in Pool Corporation (NASDAQ:POOL). The Louisiana-based Villere St Denis J Limited Liability Company has invested 5.18% in Pool Corporation (NASDAQ:POOL). Cornerstone Advisors last reported 6 shares in the company. Wesbanco Fincl Bank accumulated 0.01% or 2,545 shares. Glenmede Tru Com Na holds 0% or 2,115 shares in its portfolio. Dekabank Deutsche Girozentrale holds 21,500 shares or 0.02% of its portfolio. Rhumbline Advisers has 0.02% invested in the company for 75,013 shares. Moreover, Northern Tru Corp has 0.01% invested in Pool Corporation (NASDAQ:POOL) for 398,127 shares. Ubs Asset Americas has 33,076 shares for 0% of their US portfolio. Envestnet Asset Mngmt Incorporated holds 4,405 shares or 0% of its portfolio.
Insider Transactions: Since July 25, 2016, the stock had 0 buys, and 5 insider sales for $7.24 million net activity. $756,375 worth of Pool Corporation (NASDAQ:POOL) was sold by Joslin Mark W on Tuesday, July 26. On Friday, July 29 COOK ARTHUR D sold $1.84 million worth of the stock or 18,000 shares. SEYMOUR HARLAN F sold 14,118 shares worth $1.42M. On Monday, August 1 the insider HOUSEY HART MELANIE sold $204,625. $3.02M worth of Pool Corporation (NASDAQ:POOL) was sold by PEREZ DE LA MESA MANUEL J.
Another recent and important Pool Corporation (NASDAQ:POOL) news was published by Globenewswire.com which published an article titled: “Pool Corporation CEO to Attend the RW Baird 2016 Industrial Conference” on November 03, 2016.
POOL Company Profile
Pool Corporation, incorporated on December 29, 1993, is a distributor of swimming pool supplies, equipment and related leisure products. The Firm is also a distributor of irrigation and landscape products in the United States. The Firm operates over 340 sales centers in North America, Europe, South America and Australia through its over four distribution networks, such as SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT). The Company’s product offerings include building materials used for pool construction, installations and remodeling, such as concrete and pool surfacing and decking materials. The Firm offers its clients over 160,000 national brand and Pool Corporation branded products. The Firm sells its products primarily to customers, including swimming pool remodelers and builders, specialty retailers that sell swimming pool supplies, swimming pool repair and service businesses, landscape construction and maintenance contractors, and municipal, golf course and other commercial customers.
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