In mid-January, the firm's stock hit an historic 52-week high at $64.71 per share. Now, the Covington, La.-based mega-distributor is at it again.
According to Ticker Report, PoolCorp hit another 52-week high when it's stock was trading at up to $65.44 per share on Jan. 26.
Such news doesn't necessarily come as a surprise. Pool & Spa News reported in 2012 that PoolCorp anticipated it would see annual revenue growth through 2017.
As the economy continues to improve, experts anticipate more positive news for swimming pools and spas. But while new pools had been the primary focus prior to the recession, today it's existing pools and outdoor renovations that will lead the industry's recovery.
In addition to healthy stock, PoolCorp continues to enjoy growth thanks, in part, to its expansion into landscape products, as well as entering the Australian market with its purchase of a majority interest in Brisbane, Queensland-based Pool Systems Pty. Ltd.
In the meantime, analysts will monitor PoolCorpt's stock for further changes.
Does the rising stock point to a strong 2015 pool/spa season? What are your predictions for this year? Read More