Analysts Set Latham Group, Inc. (NASDAQ:SWIM) Price Target at $7.33

Latham Group, Inc. (NASDAQ:SWIM) has been given a consensus rating of “Hold” by the six ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $7.3333.

SWIM has been the topic of a number of research reports. Wall Street Zen raised Latham Group from a “hold” rating to a “buy” rating in a report on Saturday. Barclays increased their price objective on Latham Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Latham Group in a research note on Monday, December 29th. Zacks Research raised Latham Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. Finally, William Blair restated an “outperform” rating on shares of Latham Group in a research note on Wednesday, March 4th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. nVerses Capital LLC purchased a new position in Latham Group in the fourth quarter worth $97,000. Wellington Management Group LLP boosted its holdings in Latham Group by 216.4% during the fourth quarter. Wellington Management Group LLP now owns 6,749,349 shares of the company’s stock worth $42,858,000 after buying an additional 4,616,367 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in Latham Group during the fourth quarter worth about $207,000. Millennium Management LLC grew its position in Latham Group by 124.0% during the fourth quarter. Millennium Management LLC now owns 151,710 shares of the company’s stock worth $963,000 after buying an additional 83,990 shares during the period. Finally, Man Group plc acquired a new position in Latham Group during the fourth quarter worth about $118,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Latham Group Stock Performance

NASDAQ:SWIM opened at $5.19 on Wednesday. Latham Group has a 12 month low of $4.56 and a 12 month high of $8.97. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.77 and a quick ratio of 1.82. The firm has a market capitalization of $607.02 million, a PE ratio of 57.67, a price-to-earnings-growth ratio of 1.86 and a beta of 1.75. The business’s fifty day moving average price is $6.26 and its 200 day moving average price is $6.72.

Latham Group (NASDAQ:SWIM) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.03. The company had revenue of $99.95 million for the quarter, compared to analyst estimates of $95.86 million. Latham Group had a net margin of 2.04% and a return on equity of 2.79%. On average, sell-side analysts anticipate 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.