Latham Group, Inc. (NASDAQ:SWIM) Given Average Rating of “Hold” by Brokerages

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

A number of equities research analysts have commented on SWIM shares. Wall Street Zen cut Latham Group from a “buy” rating to a “hold” rating in a report on Sunday, April 12th. William Blair reaffirmed an “outperform” rating on shares of Latham Group in a report on Wednesday, March 4th. Stifel Nicolaus lifted 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 on the stock in a report on Wednesday, April 8th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating on shares of Latham Group in a report on Wednesday, May 6th.

Latham Group Price Performance

Shares of Latham Group stock opened at $5.82 on Monday. Latham Group has a one year low of $4.64 and a one year high of $8.97. The stock’s fifty day moving average is $5.55 and its 200 day moving average is $6.09. The stock has a market cap of $683.33 million, a P/E ratio of 83.14, a P/E/G ratio of 0.99 and a beta of 1.67. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.16 and a current ratio of 1.88.

Latham Group (NASDAQ:SWIM) last announced its 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). The company had revenue of $117.32 million during the quarter, compared to the consensus estimate of $118.39 million. Latham Group had a return on equity of 2.13% and a net margin of 1.55%. Sell-side analysts anticipate that Latham Group will post 0.18 earnings per share for the current year.

Insider Activity at Latham Group

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

Hedge Funds Weigh In On Latham Group

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its position 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 purchasing an additional 1,921 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Latham Group during the second quarter worth $29,000. Summit Securities Group LLC acquired a new position in shares of Latham Group during the first quarter worth $30,000. Covestor Ltd increased its position 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 purchasing an additional 3,372 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of Latham Group during the fourth quarter worth $55,000. Institutional investors own 83.95% of the company’s stock.

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.