Latham Group, Inc. (NASDAQ:SWIM) Receives $7.50 Consensus PT from Analysts

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

Several analysts recently issued reports on SWIM shares. Barclays decreased their target price on Latham Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Zacks Research downgraded Latham Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 3rd. Bank of America cut their price objective 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. Wall Street Zen cut shares of Latham Group from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. Finally, The Goldman Sachs Group reissued a “sell” rating on shares of Latham Group in a report on Wednesday, May 6th.

Latham Group Trading Up 2.4%

Shares of Latham Group stock opened at $6.06 on Friday. Latham Group has a fifty-two week low of $4.64 and a fifty-two week 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 company has a market capitalization of $711.50 million, a P/E ratio of 86.57, a P/E/G ratio of 1.01 and a beta of 1.62. The company has a fifty day moving average of $5.60 and a 200 day moving average of $6.01.

Latham Group (NASDAQ:SWIM) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). Latham Group had a net margin of 1.55% and a return on equity of 2.13%. The business had revenue of $117.31 million for the quarter, compared to the consensus estimate of $118.39 million. On average, sell-side analysts anticipate that Latham Group will post 0.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Latham Group

Several large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position 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 worth $27,000 after buying an additional 1,921 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Latham Group during the 2nd quarter valued at approximately $29,000. Summit Securities Group LLC purchased a new position in Latham Group during the 1st quarter valued at approximately $30,000. Covestor Ltd increased its stake in Latham Group by 153.0% in the 4th quarter. Covestor Ltd now owns 5,576 shares of the company’s stock worth $35,000 after acquiring an additional 3,372 shares during the last quarter. Finally, State of Wyoming bought a new stake in Latham Group in the 4th quarter worth approximately $55,000. 83.95% of the stock is owned by institutional investors.

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.