Brokerages Set Latham Group, Inc. (NASDAQ:SWIM) PT at $7.83

Shares of Latham Group, Inc. (NASDAQ:SWIM) have been assigned a consensus recommendation of “Reduce” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $7.8333.

A number of research firms recently commented on SWIM. Barclays increased their price target on Latham Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th. Zacks Research lowered shares of Latham Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Latham Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 18th.

Latham Group Price Performance

Shares of NASDAQ SWIM opened at $7.10 on Friday. The stock has a market cap of $835.32 million, a price-to-earnings ratio of 142.00, a PEG ratio of 1.51 and a beta of 1.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.44 and a current ratio of 2.16. Latham Group has a fifty-two week low of $4.64 and a fifty-two week high of $8.97. The firm’s 50-day simple moving average is $6.49 and its 200 day simple moving average is $6.04.

Latham Group (NASDAQ:SWIM) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05). Latham Group had a return on equity of 1.31% and a net margin of 0.92%.The company had revenue of $197.47 million during the quarter, compared to analysts’ expectations of $188.39 million. As a group, research analysts anticipate that Latham Group will post 0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Latham Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in shares of Latham Group by 2.7% during the 2nd quarter. Rhumbline Advisers now owns 63,639 shares of the company’s stock worth $406,000 after buying an additional 1,672 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Latham Group by 5.1% in the fourth quarter. Deutsche Bank AG now owns 35,682 shares of the company’s stock valued at $227,000 after acquiring an additional 1,721 shares in the last quarter. Squarepoint Ops LLC grew its holdings in shares of Latham Group by 5.5% in the third quarter. Squarepoint Ops LLC now owns 35,978 shares of the company’s stock valued at $274,000 after acquiring an additional 1,873 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Latham Group by 83.9% in the second quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company’s stock valued at $27,000 after acquiring an additional 1,921 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Latham Group by 9.9% during the second quarter. JPMorgan Chase & Co. now owns 21,950 shares of the company’s stock valued at $140,000 after acquiring an additional 1,978 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

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.