Latham Group (NASDAQ:SWIM) Price Target Raised to $8.00

Latham Group (NASDAQ:SWIM) had its price target increased by Barclays from $7.00 to $8.00 in a research report report published on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other equities analysts have also issued reports about the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Latham Group in a research report on Monday, December 29th. Stifel Nicolaus raised their price target on shares of Latham Group from $8.75 to $9.50 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Latham Group presently has an average rating of “Hold” and an average target price of $7.33.

Latham Group Trading Down 2.5%

NASDAQ:SWIM opened at $6.30 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.72 and a current ratio of 2.77. Latham Group has a one year low of $4.56 and a one year high of $8.97. The business’s 50-day simple moving average is $6.57 and its 200 day simple moving average is $7.04. The stock has a market cap of $735.65 million, a price-to-earnings ratio of 70.00, a price-to-earnings-growth ratio of 1.16 and a beta of 1.70.

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

Hedge Funds Weigh In On Latham Group

Hedge funds have recently bought and sold shares of the company. Empowered Funds LLC raised its stake in Latham Group by 7.4% during the first 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 in the last quarter. Jane Street Group LLC lifted its holdings in Latham Group by 27.1% during the 1st quarter. Jane Street Group LLC now owns 24,894 shares of the company’s stock worth $160,000 after buying an additional 5,315 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in shares of Latham Group by 94.2% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 48,345 shares of the company’s stock worth $308,000 after acquiring an additional 23,452 shares in the last quarter. Atria Investments Inc acquired a new position in shares of Latham Group in the 2nd quarter worth approximately $280,000. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Latham Group in the 2nd quarter valued at approximately $147,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

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.