Latham Group, Inc. (NASDAQ:SWIM) Receives Consensus Rating of “Hold” from Analysts

Latham Group, Inc. (NASDAQ:SWIM) has been given an average recommendation of “Hold” by the seven research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $7.50.

A number of brokerages recently issued reports on SWIM. Wall Street Zen lowered Latham Group from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. William Blair reaffirmed an “outperform” rating on shares of Latham Group in a research note on Wednesday, March 4th. Stifel Nicolaus boosted their target price on shares of Latham Group from $8.75 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Weiss Ratings upgraded shares of Latham Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Finally, Zacks Research downgraded shares of Latham Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 3rd.

Latham Group Stock Performance

SWIM stock opened at $4.89 on Thursday. The firm has a 50-day simple moving average of $5.64 and a two-hundred day simple moving average of $6.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.16 and a current ratio of 1.88. Latham Group has a one year low of $4.64 and a one year high of $8.97. The firm has a market cap of $574.14 million, a price-to-earnings ratio of 69.86, a PEG ratio of 0.82 and a beta of 1.72.

Latham Group (NASDAQ:SWIM) last announced its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The business had revenue of $117.32 million for the quarter, compared to analysts’ expectations of $118.39 million. Latham Group had a return on equity of 2.13% and a net margin of 1.55%. On average, equities analysts forecast that Latham Group will post 0.18 EPS for the current fiscal year.

Insider Activity at Latham Group

In other Latham Group news, Director James E. Cline bought 50,000 shares of Latham Group stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average cost of $4.84 per share, with a total value of $242,000.00. Following the purchase, the director directly owned 100,000 shares in the company, valued at $484,000. This represents a 100.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 3.32% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SWIM. Wellington Management Group LLP lifted its stake in shares of Latham Group by 216.4% in the fourth quarter. Wellington Management Group LLP now owns 6,749,349 shares of the company’s stock worth $42,858,000 after buying an additional 4,616,367 shares in the last quarter. Citadel Advisors LLC raised its holdings in Latham Group by 206.5% in the 3rd quarter. Citadel Advisors LLC now owns 4,620,114 shares of the company’s stock valued at $35,159,000 after buying an additional 3,112,708 shares during the period. CAS Investment Partners LLC acquired a new stake in Latham Group in the 3rd quarter valued at approximately $7,610,000. UBS Group AG lifted its stake in Latham Group by 1,709.2% during the 4th quarter. UBS Group AG now owns 955,867 shares of the company’s stock worth $6,070,000 after acquiring an additional 903,032 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Latham Group by 36.7% during the third quarter. Vanguard Group Inc. now owns 3,257,228 shares of the company’s stock worth $24,788,000 after purchasing an additional 873,903 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Latham Group Company Profile

Latham Group, Inc designs, manufactures and supplies a broad range of aquatic products and services for residential and commercial applications. Offerings include fiberglass and vinyl-liner pool shells, commercial water park structures, water slides, surf simulators, pumps, filters, heaters and sanitation systems. The company also provides parts, equipment and technical support for pool installation, maintenance and repair.

Operating across three core segments—commercial, residential and aftermarket—Latham delivers turnkey aquatic facilities and attractions for municipal, hospitality and resort clients, offers packaged pool kits and equipment packages to builders and dealers, and supplies replacement parts, service contracts and technical assistance to support ongoing pool operations.

Headquartered in the United States, Latham Group maintains manufacturing and distribution centers throughout North America and Europe.