Pool Corporation’s Stock Price Drops 2.04% to $301.40: A Deep Dive into the Market Performance

Pool Corporation (POOL)

301.40 USD -6.29 (-2.04%) Volume: 0.35M

Pool Corporation’s stock price stands at 301.40 USD, experiencing a dip of -2.04% this trading session with a trading volume of 0.35M, reflecting a YTD percentage change of -24.41%, indicating a volatile market performance for POOL’s stock in the investment landscape.

Latest developments on Pool Corporation

Pool Corp‘s stock faced challenges in June as the company reported lower-than-expected Q2 earnings and revised its 2023 outlook. Park Place Capital Corp increased its stock position in Pool Corp, while LVW Advisors LLC decreased theirs. The industry-leading company also warned that people are not currently spending on swimming pools, raising concerns about the cost of building pools. These factors have contributed to the recent movements in Pool Corp‘s stock price.

Pool Corporation on Smartkarma

Analysts at Baptista Research have been closely following Pool Corporation, the world’s largest wholesale distributor of swimming pool supplies. In their latest report titled “Pool Corporation: What Are The Major Competitive Pressures That It Is Facing? – Major Drivers,” they highlighted the company’s Q1 earnings, which showed $1.1 billion in net sales. Despite a 7% dip from the previous year, the figure is up 6% from the same period in 2021. This performance marks the company’s fourth successive year of meeting or exceeding the $1 billion threshold in a slow seasonal quarter.

In another report by Baptista Research, titled “Pool Corporation: Initiation Of Coverage – 5 Major Drivers & 5 Major Challenges For The Future! – Financial Forecasts,” analysts provided insights on the company’s total sales for 2023, which declined by 10% from the previous year to $5.5 billion. This drop was attributed to an abnormal selling environment during the first half of the year due to poor weather conditions and elevated inventory levels across the industry. Despite these challenges, the analysts maintain a bullish outlook on Pool Corp‘s future prospects.

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

Pool Corp, a wholesale distributor of swimming pool supplies, equipment, and leisure products, has a mixed long-term outlook according to Smartkarma Smart Scores. While the company scores moderately on factors like Dividend and Growth, it falls short on Value and Resilience. With a decent Momentum score, Pool Corp may see some positive movement in the future, but investors should consider the overall balance of scores before making any decisions.

Despite facing challenges in certain areas, such as Value and Resilience, Pool Corp maintains a steady outlook with its moderate scores in Dividend and Growth. As a distributor of a wide range of pool-related products, the company has potential for growth and stability in the market. With a solid Momentum score, Pool Corp may be able to capitalize on positive trends in the industry, making it a company to watch for potential investment opportunities.

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