Mixed sentiments are surrounding Pool Corporation (POOL). Beacon Pointe Advisors and Van ECK Associates Corp reported selling shares, whereas Avantax Advisory Services, M&T Bank Corp, and National Bank of Canada increased their stake. The company is experiencing fluctuation in stock performance, with both increases and decreases reported. Despite reporting lower than expected Q1 results due to mild weather, the company beat Q4 earnings. The acquisition of Shoreline and Pinch A Penny have been seen as progressive moves, expanding the company's portfolio and reach. Pool Corp also experienced robust Q3 performance and is forecast to post Q2 2024 earnings of $5.96 per share. PoolCorp is being advised to retain stock by investors and is expected to increase its dividends. An investor day was announced, and a new design center was opened in Austin, Texas. However, Pool Co. faced fraud allegations and was involved in a multi-million dollar fraud scheme, with the Florida Attorney General taking legal action. A bearish outlook has been reported for the company's stock performance as well.
Pool Corporation POOL News Analytics from Sat, 20 May 2017 17:41:46 GMT to Thu, 23 May 2024 10:15:10 GMT - Rating -1 - Innovation -3 - Information 7 - Rumor -3
