Monthly Stock Report: Pool Corporation (POOL)
Publication Date: September 22, 2024
Company Overview
Pool Corporation (NASDAQ: POOL) is a leading distributor of swimming pool supplies, equipment, and leisure products, headquartered in Covington, Louisiana. Incorporated in 1993, Pool Corp operates within the Industrials sector, specifically targeting the Industrial Distribution industry. The company caters to a diverse clientele, including pool builders, specialty retailers, and commercial pool operators, offering a comprehensive range of products like maintenance supplies, pool equipment parts, construction materials for new pools, and recreational items such as fiberglass pools and hot tubs. With an impressive total revenue of approximately $5.37 billion, Pool Corporation stands poised for growth in the thriving leisure and construction markets, making it an intriguing investment opportunity.
Positive Growth Outlook
Analysts exhibit a strong market sentiment toward Pool Corporation, with a “buy” recommendation and a target high price of $415. This optimistic outlook underscores the company’s potential for growth, backed by its substantial financial foundation. As of now, Pool Corp has 38,257,900 shares outstanding, of which approximately 10.72% (or 3,502,475 shares) are shorted. This level of short selling indicates investor sentiment may reflect anticipated challenges or caution surrounding the stock. Nevertheless, the current trading price of $364.37 signifies a considerable recovery from its fifty-two-week low of $293.51, with analysts predicting room for appreciation up to the target high.
Market Dynamics and Performance Analysis
The stock’s current price positions it favorably relative to its recent performance, reflected by a fifty-day moving average of $349.76, indicating an upward trend. The analysis reveals the mean target price is approximately $361.35, with a median target slightly higher at $375, suggesting that analysts foresee further stock appreciation. Overall, holding a mean recommendation score of 2.5 among 11 analysts, the stock continues to showcase resilience amid market fluctuations. Key performance indicators—coupled with a robust operational backdrop—point to Pool Corporation’s promising trajectory as it navigates a competitive landscape, offering investors attractive prospects for both short- and long-term gains.
| Metric | Value |
|---|---|
| Market Cap | $13.9b |
| Total Debt | $1.4b |
| Total Cash | $100.7m |
| Shares Outstanding | 38.3m |
| Float Shares | 37.1m |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.