Pool Corp Stock Jumps 5% on Stifel Nicolaus Upgrade

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Pool Corp ($NASDAQ:POOL)oration is a leading global distributor of swimming pool, spa and backyard products. On Thursday, shares of Pool Corporation jumped 5% after Stifel Nicolaus upgraded the stock from Hold to Buy and set a new price target of $355.00. Analysts at Stifel Nicolaus believe that the company is well-positioned to benefit from the ongoing recovery in the housing market.

They are also encouraged by Pool’s recent initiatives to drive growth and improve profitability. Shares of Pool Corporation have gained nearly 30% so far this year.

Market Price

On Thursday, Stifel Nicolaus upgraded POOL CORP stock from a “hold” to a “buy,” causing the stock to jump 5%. POOL CORP stock opened at $303.7 and closed at $283.9, down by 4.8% from last closing price of 298.1.

VI Analysis

Investors interested in buying stocks for the long term may be interested in companies with strong fundamentals. The VI app makes it easy to analyze a company’s fundamentals and potential. Based on the VI Star Chart, POOL CORP has a high health score of 8/10, indicating that it is capable of sustaining future operations in times of crisis.

The company is strong in dividend, growth, profitability, and medium in asset. POOL CORP is classified as ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage.

VI Peers

The company operates in over 30 countries and serves more than 3,000 retail customers. Pool Corp‘s main competitors are Leslies Inc, Dam Sen Water Park Corp, and Tandem Group PLC.

– Leslies Inc ($NASDAQ:LESL)

Leslies Inc is a pool and spa company that has a market cap of 2.38B as of 2022. The company has a Return on Equity of -51.73%. The company has been in business for over 60 years and has a strong brand presence in the pool and spa industry. The company has a diversified product portfolio that includes above-ground pools, inground pools, spas, and pool and spa chemicals. The company operates in North America, Europe, and Asia Pacific.

– Dam Sen Water Park Corp ($HOSE:DSN)

The Tandem Group is a holding company for a number of businesses which are active in the design, development and manufacture of products for the cycling and leisure industries. Its core businesses are CycleOps, a US designer and manufacturer of indoor bike trainers and related cycling accessories, and Infinity Cycles, one of the UK’s leading multi-channel cycle retailers. The company also has a 50% interest in Madison, a leading UK-based cycling and tri-sport distributor and retailer.

The Tandem Group’s market capitalisation is 13.55M as of 2022. The company has a Return on Equity of 9.17%.

The Tandem Group is a holding company for businesses which design, develop, and manufacture products for the cycling and leisure industries. The company has two core businesses: CycleOps, a US designer and manufacturer of indoor bike trainers and related cycling accessories; and Infinity Cycles, one of the UK’s leading multi-channel cycle retailers. The company also has a 50% interest in Madison, a leading UK-based cycling and tri-sport distributor and retailer.

Summary

Pool Corp is a leading global distributor of swimming pool supplies, equipment and related leisure products. Pool Corp also provides a range of services to its customers, including installation, maintenance and repair services. The company has a market capitalization of over $10 billion and is one of the largest companies in the swimming pool and spa industry.