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

Latham Group, Inc. (NASDAQ:SWIM) has earned a consensus rating of “Reduce” from the seven research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $7.50.

SWIM has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Latham Group in a report on Tuesday. Wall Street Zen downgraded shares of Latham Group from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. Zacks Research lowered shares of Latham Group from a “hold” rating to a “strong sell” rating in a research report on Thursday. The Goldman Sachs Group reissued a “sell” rating on shares of Latham Group in a research note on Wednesday, May 6th. Finally, Bank of America lowered their price target on shares of Latham Group from $7.00 to $6.00 and set an “underperform” rating for the company in a report on Monday, April 20th.

Insiders Place Their Bets

In other news, CFO Oliver C. Gloe acquired 15,050 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of $4.90 per share, for a total transaction of $73,745.00. Following the transaction, the chief financial officer owned 540,758 shares of the company’s stock, valued at approximately $2,649,714.20. This represents a 2.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James E. Cline bought 50,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average price of $4.84 per share, with a total value of $242,000.00. Following the transaction, the director owned 100,000 shares of the company’s stock, valued at $484,000. The trade was a 100.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.32% of the stock is currently owned by company insiders.

Institutional Trading of Latham Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Congruence Capital LLC bought a new position in shares of Latham Group in the 4th quarter valued at about $1,278,000. CenterBook Partners LP raised its stake in shares of Latham Group by 21.0% during the fourth quarter. CenterBook Partners LP now owns 1,245,337 shares of the company’s stock worth $7,908,000 after buying an additional 215,774 shares during the last quarter. UBS Group AG lifted its holdings in Latham Group by 1,709.2% in the fourth quarter. UBS Group AG now owns 955,867 shares of the company’s stock valued at $6,070,000 after buying an additional 903,032 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Latham Group by 293.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 431,239 shares of the company’s stock valued at $2,316,000 after buying an additional 321,577 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Latham Group by 16.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,370,146 shares of the company’s stock valued at $18,096,000 after acquiring an additional 470,123 shares during the last quarter. 83.95% of the stock is owned by institutional investors.

Latham Group Trading Up 3.6%

SWIM stock opened at $7.48 on Tuesday. The business has a fifty day moving average price of $5.89 and a 200 day moving average price of $5.96. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 1.16. Latham Group has a fifty-two week low of $4.64 and a fifty-two week high of $8.97. The stock has a market capitalization of $880.02 million, a price-to-earnings ratio of 149.60, a P/E/G ratio of 1.53 and a beta of 1.65.

Latham Group (NASDAQ:SWIM) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The business had revenue of $197.47 million during the quarter, compared to analyst estimates of $188.39 million. Latham Group had a return on equity of 1.32% and a net margin of 0.92%. Analysts expect that Latham Group will post 0.17 EPS for the current fiscal year.

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.