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

Shares of Latham Group, Inc. (NASDAQ:SWIM) have earned a consensus rating of “Hold” from the six brokerages that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $7.3333.

SWIM has been the subject of a number of analyst reports. Zacks Research upgraded Latham Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Barclays lifted their target price on Latham Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Wednesday. Weiss Ratings reiterated a “sell (d)” rating on shares of Latham Group in a report on Monday, December 29th. Stifel Nicolaus increased their price target on shares of Latham Group from $8.75 to $9.50 and gave the company a “buy” rating in a research report on Wednesday. Finally, William Blair restated an “outperform” rating on shares of Latham Group in a report on Wednesday.

Institutional Investors Weigh In On Latham Group

Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in 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 purchasing an additional 4,616,367 shares during the last quarter. Citadel Advisors LLC lifted its holdings in shares of Latham Group by 206.5% during the 3rd quarter. Citadel Advisors LLC now owns 4,620,114 shares of the company’s stock valued at $35,159,000 after purchasing an additional 3,112,708 shares during the last quarter. CAS Investment Partners LLC purchased a new stake in shares of Latham Group during the 3rd quarter valued at $7,610,000. UBS Group AG boosted its position in shares of Latham Group by 1,709.2% in the 4th quarter. UBS Group AG now owns 955,867 shares of the company’s stock worth $6,070,000 after purchasing an additional 903,032 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Latham Group by 36.7% in the 3rd 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. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Latham Group Price Performance

Shares of SWIM opened at $6.30 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.72 and a current ratio of 2.77. The company has a 50 day moving average price of $6.57 and a 200-day moving average price of $7.04. Latham Group has a fifty-two week low of $4.56 and a fifty-two week high of $8.97. The stock has a market capitalization of $735.65 million, a PE ratio of 70.00, a PEG ratio of 1.16 and a beta of 1.70.

Latham Group (NASDAQ:SWIM) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03. Latham Group had a net margin of 2.04% and a return on equity of 2.79%. The company had revenue of $99.95 million for the quarter, compared to analyst estimates of $95.86 million. Equities analysts predict that Latham Group will post -0.04 earnings per share for the current fiscal year.

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.