Latham Group, Inc. (NASDAQ:SWIM) Receives $7.50 Average PT from Brokerages

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

SWIM has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on Latham Group from $8.75 to $9.50 and gave the company a “buy” rating in a report on Wednesday, March 4th. Wall Street Zen downgraded Latham Group from a “buy” rating to a “hold” rating in a report on Sunday, April 12th. Bank of America decreased their price objective on Latham Group from $7.00 to $6.00 and set an “underperform” rating for the company in a report on Monday, April 20th. Zacks Research downgraded Latham Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 3rd. Finally, Weiss Ratings raised Latham Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th.

Latham Group Price Performance

SWIM stock opened at $5.82 on Monday. The company has a market capitalization of $683.33 million, a P/E ratio of 83.14, a PEG ratio of 0.99 and a beta of 1.67. Latham Group has a twelve month low of $4.64 and a twelve month high of $8.97. The business has a 50 day simple moving average of $5.55 and a 200-day simple moving average of $6.08. The company has a current ratio of 1.88, a quick ratio of 1.16 and a debt-to-equity ratio of 0.70.

Latham Group (NASDAQ:SWIM) last posted its quarterly earnings data 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 firm had revenue of $117.32 million during the quarter, compared to analyst estimates of $118.39 million. Latham Group had a net margin of 1.55% and a return on equity of 2.13%. As a group, equities analysts anticipate that Latham Group will post 0.18 EPS for the current year.

Insider Buying and Selling at Latham Group

In related news, CFO Oliver C. Gloe purchased 15,050 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of $4.90 per share, with a total value of $73,745.00. Following the completion of the acquisition, the chief financial officer directly owned 540,758 shares in the company, valued at $2,649,714.20. This trade represents a 2.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James E. Cline purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average cost of $4.84 per share, with a total value of $242,000.00. Following the completion of the acquisition, the director owned 100,000 shares of the company’s stock, valued at approximately $484,000. This trade represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On Latham Group

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its holdings in shares of Latham Group by 83.9% during the second quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company’s stock worth $27,000 after purchasing an additional 1,921 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Latham Group during the second quarter worth $29,000. Summit Securities Group LLC acquired a new stake in shares of Latham Group during the first quarter worth $30,000. Covestor Ltd lifted its holdings in shares of Latham Group by 153.0% during the fourth quarter. Covestor Ltd now owns 5,576 shares of the company’s stock worth $35,000 after purchasing an additional 3,372 shares during the period. Finally, State of Wyoming purchased a new position in Latham Group in the fourth quarter worth $55,000. 83.95% of the stock is owned by institutional investors and hedge funds.

About Latham Group

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.