Pool Corporation (POOL) faces a challenging price rise due to tariffs, causing its stock to plunge to a 52-week low at $293.15. It announces Q1 2025 earnings release date while Deutsche Bank initiates coverage with a hold recommendation. The company also draws the attention of Wall Street, raising speculations if it's one of Warren Buffett's growth stock picks. Pool Corp rewards shareholders with $1.20 dividend but reports a dip in sales due to unfavorable economic conditions. A weak summer demand for pools also impacts the company negatively. Despite the volatile market, senior VP Jennifer Neil sells $385,245 in stock, and Pool Corp director Manuel Perez de la Mesa sells $3.46m in stock. However, Buffett's Berkshire Hathaway reveals a new bet on Pool Corp, and Goldman Sachs maintains its buy rating on the stock. Jefferies adjusts the company's price target to $330 from $350, keeping a hold rating. Pool Corp's resilient earnings amid market challenges speak volumes about its potential, making it a long-term rather than a short-term investment. Investing in Pool Corp five years ago would have delivered a 49% gain, showing a decent stock performance driven by strong financials.
Pool Corporation POOL News Analytics from Tue, 30 Apr 2024 07:00:00 GMT to Fri, 11 Apr 2025 15:10:47 GMT -
Rating -2
- Innovation 0
- Information 5
- Rumor -3
