Latham Group, Inc. (NASDAQ:SWIM) Receives Average Rating of “Hold” from Analysts

Shares of Latham Group, Inc. (NASDAQ:SWIM) have been assigned an average rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $7.50.

Several equities research analysts recently weighed in on the company. Bank of America reduced their target price 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 lowered Latham Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 3rd. Stifel Nicolaus boosted their target price on Latham Group from $8.75 to $9.50 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Barclays reduced their target price on Latham Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Finally, Wall Street Zen lowered Latham Group from a “buy” rating to a “hold” rating in a report on Sunday, April 12th.

Insider Buying and Selling

In other Latham Group news, CFO Oliver C. Gloe purchased 15,050 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost of $4.90 per share, for a total transaction 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 represents a 2.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James E. Cline purchased 50,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price 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. The trade was a 100.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SWIM. 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 buying an additional 1,921 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Latham Group during the second quarter worth approximately $29,000. Summit Securities Group LLC acquired a new position in shares of Latham Group during the first quarter worth approximately $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 buying an additional 3,372 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Latham Group during the fourth quarter worth approximately $55,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Latham Group Price Performance

SWIM opened at $5.60 on Monday. The business has a 50 day moving average price of $5.52 and a 200 day moving average price of $6.13. Latham Group has a twelve month low of $4.64 and a twelve month high of $8.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.16 and a current ratio of 1.88. The firm has a market cap of $657.50 million, a P/E ratio of 80.00, a price-to-earnings-growth ratio of 0.96 and a beta of 1.67.

Latham Group (NASDAQ:SWIM) last posted its earnings results 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). Latham Group had a return on equity of 2.13% and a net margin of 1.55%.The company had revenue of $117.32 million during the quarter, compared to analyst estimates of $118.39 million. Research analysts forecast that Latham Group will post 0.18 EPS for the current 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.