Pool Corporation’s Stock Price Dives by 8.04%, Trading at $310.74: A Deep Dive into the Market Turbulence

Pool Corporation (POOL)

310.74 USD -27.17 (-8.04%) Volume: 1.98M

Pool Corporation’s stock price stands at 310.74 USD, experiencing a significant decrease of 8.04% this trading session, with a trading volume reaching 1.98M. Despite the company’s robust performance, the stock has seen a year-to-date (YTD) decline of 22.06%, reflecting the volatile market conditions.

Latest developments on Pool Corporation

Pool Corp stock price took a dive today due to weak demand and macroeconomic woes, leading to a decline in shares by 13% after lowering its FY outlook. The company’s earnings miss prompted RBC to cut Pentair stock target as well. This comes after Pool Corp hit 52-week lows and slashed its FY24 guidance, causing Leslie’s shares to fall. Fluidra also experienced a drop following Pool Corp‘s guidance cut. Despite POOLCORP’s acquisition of a swimming pool parts and suppliers company, the stock continues to struggle amid a construction decline, prompting Stephens to cut its stock target. The market reaction reflects a broader trend of uncertainty, as Pool Corp grapples with challenges in the swimming pool sales industry.

Pool Corporation on Smartkarma

Analysts at Baptista Research have been closely monitoring Pool Corporation, the world’s largest wholesale distributor of swimming pool supplies. In their recent reports, they highlighted the major competitive pressures facing the company. Despite a 7% dip in net sales from the previous year, Pool Corp still managed to achieve a 6% increase compared to the same period in 2021. This consistent performance over the years has impressed analysts, marking the company’s fourth successive year of meeting or exceeding the $1 billion sales threshold in a slow seasonal quarter.

Additionally, Baptista Research initiated coverage on Pool Corp, outlining 5 major drivers and 5 major challenges for the company’s future. The analysts noted a 10% decline in total sales for 2023, amounting to $5.5 billion. This drop was attributed to adverse weather conditions and elevated inventory levels in the industry during the first half of the year. Despite these challenges, the analysts maintain a bullish sentiment towards Pool Corp, emphasizing both its strengths and areas for improvement in their comprehensive financial forecasts.

A look at Pool Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Pool Corp has a mixed long-term outlook. While the company scores well in areas such as Dividend and Growth, with both receiving a score of 3, its Value and Resilience scores are lower at 2. This suggests that investors may need to carefully consider the company’s financial health and stability before making investment decisions.

Additionally, Pool Corp‘s Momentum score of 3 indicates that the company is experiencing steady growth and performance in the market. Overall, with a diverse range of products in its inventory and a focus on swimming pool supplies and related leisure products, Pool Corp remains a key player in the wholesale distribution industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma