Latham Group (NASDAQ:SWIM) Announces Earnings Results

Latham Group (NASDAQ:SWIM) posted its quarterly earnings results on Tuesday. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03), Zacks reports. Latham Group had a negative net margin of 2.54% and a negative return on equity of 3.35%. Latham Group updated its FY 2025 guidance to EPS.

Latham Group Trading Down 1.0%

Latham Group stock traded down $0.07 during mid-day trading on Tuesday, hitting $7.20. 486,086 shares of the company’s stock were exchanged, compared to its average volume of 606,582. The firm has a market capitalization of $839.09 million, a P/E ratio of -60.00 and a beta of 1.71. Latham Group has a fifty-two week low of $4.56 and a fifty-two week high of $8.46. The company has a quick ratio of 1.51, a current ratio of 2.39 and a debt-to-equity ratio of 0.70. The company’s 50 day simple moving average is $7.68 and its 200-day simple moving average is $6.85.

Insider Transactions at Latham Group

In other news, Director Frank J. Dellaquila bought 5,000 shares of the stock in a transaction on Friday, August 22nd. The stock was purchased at an average price of $8.24 per share, for a total transaction of $41,200.00. Following the acquisition, the director owned 21,814 shares in the company, valued at approximately $179,747.36. This trade represents a 29.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 6.85% of the company’s stock.

Hedge Funds Weigh In On Latham Group

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in Latham Group by 83.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company’s stock worth $27,000 after purchasing an additional 1,921 shares in the last quarter. Raymond James Financial Inc. bought a new position in Latham Group during the 2nd quarter worth about $29,000. Tower Research Capital LLC TRC increased its holdings in Latham Group by 501.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,835 shares of the company’s stock worth $69,000 after purchasing an additional 9,033 shares in the last quarter. Modern Wealth Management LLC bought a new position in Latham Group during the 2nd quarter worth about $82,000. Finally, Man Group plc bought a new position in Latham Group during the 2nd quarter worth about $96,000. Institutional investors own 83.95% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Latham Group in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $7.95.

About Latham Group

Latham Group, Inc designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names.