What’s Ahead for Pool Corporation (POOL) After Achieving All Time High?

February 15, 2018 - By Adrian Erickson

Investors sentiment decreased to 1.36 in Q3 2017. Its down 0.17, from 1.53 in 2017Q2. It dropped, as 34 investors sold Pool Corporation shares while 79 reduced holdings. 54 funds opened positions while 100 raised stakes. 36.20 million shares or 1.86% less from 36.89 million shares in 2017Q2 were reported.
Fisher Asset Management Ltd Liability Com has 671,541 shares for 0.1% of their portfolio. 16,211 are owned by National Bank Of Montreal Can. Next Fincl Group Inc Inc Inc stated it has 17 shares. Goldman Sachs Grp owns 209,449 shares or 0.01% of their US portfolio. Moreover, Ls Invest Limited Com has 0.02% invested in Pool Corporation (NASDAQ:POOL). Riverhead Cap Mgmt Ltd Limited Liability Company has 14,367 shares for 0.07% of their portfolio. Camelot Portfolios Ltd Liability Corp, Ohio-based fund reported 2,640 shares. Ny State Common Retirement Fund has 90,800 shares for 0.01% of their portfolio. Weik owns 6,800 shares. Price T Rowe Assoc Incorporated Md owns 0.03% invested in Pool Corporation (NASDAQ:POOL) for 1.70M shares. Jefferies Limited Co accumulated 17,934 shares. Monroe Savings Bank & Tru Mi invested in 9,320 shares. Hrt Ltd Liability Co accumulated 2,258 shares. Thrivent Financial For Lutherans has 0% invested in Pool Corporation (NASDAQ:POOL). Bessemer Gp Incorporated has 0% invested in Pool Corporation (NASDAQ:POOL).

Since October 23, 2017, it had 0 insider buys, and 2 selling transactions for $2.79 million activity. $943,366 worth of Pool Corporation (NASDAQ:POOL) shares were sold by SLEDD ROBERT C.

The stock of Pool Corporation (NASDAQ:POOL) reached all time high today, Feb, 15 and still has $146.90 target or 3.00 % above today’s $142.62 share price. This indicates more upside for the $5.73B company. This technical setup was reported by Barchart.com. If the $146.90 PT is reached, the company will be worth $171.87 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 increased 6.22% or $8.35 during the last trading session, reaching $142.62. About 241,292 shares traded or 21.55% up from the average. Pool Corporation (NASDAQ:POOL) has risen 35.85% since February 15, 2017 and is uptrending. It has outperformed by 19.15% the S&P500.

Pool Corporation (NASDAQ:POOL) Ratings Coverage

Among 7 analysts covering Pool Corporation (NASDAQ:POOL), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Pool Corporation had 18 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating by Sidoti given on Friday, September 15. The firm has “Sell” rating given on Monday, September 21 by Zacks. The stock has “Buy” rating by Johnson Rice on Monday, July 24. The stock of Pool Corporation (NASDAQ:POOL) earned “Accumulate” rating by Johnson Rice on Friday, July 15. Robert W. Baird maintained it with “Buy” rating and $125.0 target in Tuesday, October 3 report. The stock of Pool Corporation (NASDAQ:POOL) has “Hold” rating given on Tuesday, September 26 by KeyBanc Capital Markets. The stock of Pool Corporation (NASDAQ:POOL) has “Overweight” rating given on Tuesday, September 8 by KeyBanc Capital Markets. Robert W. Baird maintained it with “Buy” rating and $125.0 target in Friday, September 15 report. The stock of Pool Corporation (NASDAQ:POOL) has “Outperform” rating given on Monday, February 27 by Wedbush. As per Tuesday, July 28, the company rating was upgraded by William Blair.

More recent Pool Corporation (NASDAQ:POOL) news were published by: Globenewswire.com which released: “Pool Corporation Reports Record 2017 Results and Provides 2018 Earnings Guidance” on February 15, 2018. Also Globenewswire.com published the news titled: “Pool Corporation to Host 2017 Year End Earnings Results Conference Call” on February 08, 2018. Digitaljournal.com‘s news article titled: “Pool Corporation to Host Earnings Call” with publication date: February 15, 2018 was also an interesting one.

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. The company has market cap of $5.73 billion. The firm offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components and professional lawn care equipment and supplies. It has a 36 P/E ratio. It also provides building materials for use in pool installations and remodeling, including concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones; and commercial products, such as ASME heaters, safety equipment, and commercial pumps and filters.

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