Latham Group (NASDAQ:SWIM) Posts Earnings Results, Misses Expectations By $0.03 EPS

Latham Group (NASDAQ:SWIM) announced its earnings results on Tuesday. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.03), Zacks reports. Latham Group had a negative return on equity of 3.35% and a negative net margin of 2.54%. Latham Group updated its FY 2025 guidance to EPS.

Latham Group Stock Performance

Latham Group stock traded down $0.07 during trading hours on Tuesday, hitting $7.20. 486,086 shares of the stock traded hands, compared to its average volume of 606,582. The firm’s 50 day moving average price is $7.68 and its 200-day moving average price is $6.85. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.39 and a quick ratio of 1.51. The stock has a market capitalization of $839.09 million, a price-to-earnings ratio of -60.00 and a beta of 1.71. Latham Group has a 1 year low of $4.56 and a 1 year high of $8.46.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Latham Group in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.95.

Insider Activity at Latham Group

In other Latham Group news, Director Frank J. Dellaquila purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were bought at an average price of $8.24 per share, for a total transaction of $41,200.00. Following the acquisition, the director owned 21,814 shares in the company, valued at $179,747.36. This represents a 29.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.85% of the stock is owned by company insiders.

Institutional Trading of Latham Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP lifted its position in Latham Group by 29.5% during the second quarter. Wasatch Advisors LP now owns 3,116,247 shares of the company’s stock valued at $19,882,000 after purchasing an additional 709,368 shares during the period. Onex Canada Asset Management Inc. raised its stake in shares of Latham Group by 16.0% during the 2nd quarter. Onex Canada Asset Management Inc. now owns 1,099,851 shares of the company’s stock valued at $7,017,000 after buying an additional 151,679 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Latham Group by 5.0% in the 2nd quarter. Bridgeway Capital Management LLC now owns 847,496 shares of the company’s stock valued at $5,407,000 after buying an additional 39,989 shares during the period. Empowered Funds LLC lifted its holdings in shares of Latham Group by 7.4% in the 1st quarter. Empowered Funds LLC now owns 405,207 shares of the company’s stock valued at $2,605,000 after buying an additional 27,916 shares during the period. Finally, Man Group plc purchased a new stake in shares of Latham Group in the second quarter worth about $96,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

About Latham Group

Latham Group, Inc designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names.