The stock of Pool Corporation (NASDAQ:POOL) hit a new 52-week high and has $110.83 target or 9.00% above today’s $101.68 share price. The 7 months bullish chart indicates low risk for the $4.26 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $110.83 price target is reached, the company will be worth $383.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 128,883 shares traded hands. Pool Corporation (NASDAQ:POOL) has risen 13.13% since April 21, 2016 and is uptrending. It has outperformed by 7.80% the S&P500.
Analysts await Pool Corporation (NASDAQ:POOL) to report earnings on February, 16. They expect $0.05 EPS, down 16.67% or $0.01 from last year’s $0.06 per share. POOL’s profit will be $2.09 million for 508.40 P/E if the $0.05 EPS becomes a reality. After $1.03 actual EPS 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 “Accumulate” rating by Johnson Rice given on Friday, July 15. The company was upgraded on Tuesday, July 28 by William Blair. The rating was downgraded by Zacks to “Sell” on Monday, September 21. The firm has “Neutral” rating by Sidoti given on Monday, October 12. The firm earned “Overweight” rating on Tuesday, September 8 by KeyBanc Capital Markets.
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 2016 Q2. Its up 0.18, from 0.92 in 2016Q1. The ratio improved, 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.
Kcg accumulated 2,162 shares or 0% of the stock. Ameriprise has 124,819 shares for 0.01% of their US portfolio. Raymond James & Associate reported 71,168 shares or 0.02% of all its holdings. Legal And General Group Incorporated Public Ltd holds 4,606 shares or 0% of its portfolio. Bremer Trust Association last reported 2,871 shares in the company. Princeton Alpha L P last reported 8,117 shares in the company. Loomis Sayles & Ltd Partnership has 0.08% invested in the company for 322,521 shares. Morgan Stanley has 215,198 shares for 0.01% of their US portfolio. Tci Wealth accumulated 0.01% or 205 shares. Teachers Advisors Incorporated reported 166,601 shares or 0.03% of all its holdings. Copper Rock Cap Lc accumulated 2.23% or 313,075 shares. Moreover, Mesirow Fincl Invest Management has 1.53% invested in Pool Corporation (NASDAQ:POOL) for 280,190 shares. Wesbanco Bancorp Inc owns 2,545 shares or 0.01% of their US portfolio. Oregon Pub Employees Retirement Fund, a Oregon-based fund reported 14,296 shares. Retirement Of Alabama reported 54,269 shares or 0.03% of all its holdings.
Insider Transactions: Since July 25, 2016, the stock had 0 buys, and 5 selling transactions for $7.24 million net activity. $204,625 worth of Pool Corporation (NASDAQ:POOL) was sold by HOUSEY HART MELANIE. Shares for $1.84 million were sold by COOK ARTHUR D on Friday, July 29. The insider PEREZ DE LA MESA MANUEL J sold $3.02 million. SEYMOUR HARLAN F had sold 14,118 shares worth $1.42M on Monday, July 25. Joslin Mark W also sold $756,375 worth of Pool Corporation (NASDAQ:POOL) shares.
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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