Should I buy or sell Latham Group stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Latham Group in the last twelve months. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SWIM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SWIM, but not buy additional shares or sell existing shares. View SWIM analyst ratings or view top-rated stocks .

What is Latham Group's stock price target for 2024?

3 Wall Street analysts have issued 1-year target prices for Latham Group's shares. Their SWIM share price targets range from $2.60 to $4.00. On average, they anticipate the company's share price to reach $3.20 in the next twelve months. This suggests a possible upside of 0.6% from the stock's current price. View analysts price targets for SWIM or view top-rated stocks among Wall Street analysts .

How have SWIM shares performed in 2024?

Latham Group's stock was trading at $2.63 at the beginning of the year. Since then, SWIM stock has increased by 20.9% and is now trading at $3.18. View the best growth stocks for 2024 here .

When is Latham Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. View our SWIM earnings forecast .

How can I listen to Latham Group's earnings call?

Latham Group will be holding an earnings conference call on Tuesday, May 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link .

How were Latham Group's earnings last quarter?

Latham Group, Inc. (NASDAQ:SWIM) posted its earnings results on Tuesday, March, 12th. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.14) by $0.08. The company earned $90.90 million during the quarter, compared to analyst estimates of $86.95 million. Latham Group had a negative net margin of 0.42% and a negative trailing twelve-month return on equity of 0.62%. Latham Group's revenue for the quarter was down 15.8% on a year-over-year basis. During the same period last year, the company posted ($0.17) EPS.

What guidance has Latham Group issued on next quarter's earnings?

Latham Group issued an update on its first quarter 2024 earnings guidance on Friday, March, 15th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $98.0 million-$104.0 million, compared to the consensus revenue estimate of $110.6 million.

When did Latham Group IPO?

Latham Group (SWIM) raised $400 million in an initial public offering on Friday, April 23rd 2021. The company issued 20,000,000 shares at a price of $19.00-$21.00 per share. Barclays, BofA Securities, Morgan Stanley and Goldman Sachs served as the underwriters for the IPO and Nomura, William Blair, Baird, KeyBanc Capital Markets and Truist Securities were co-managers.

How do I buy shares of Latham Group?

Shares of SWIM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:SWIM

Latham Group (SWIM) Stock Price, News & Analysis

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$3.18

-0.10 (-3.05%)

(As of 04/17/2024 ET)

Compare

Today's Range: $3.15
▼
$3.32
50-Day Range: $2.59
▼
$4.00
52-Week Range: $2.04
▼
$4.77

Volume: 98,370 shs
Average Volume: 264,721 shs
Market Capitalization: $366.94 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.20

Get Latham Group alerts:

Latham Group MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 0.6% Upside
$3.20 Price Target
Short Interest: Bearish
3.37% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$165,868 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.24) to ($0.14) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.56 out of 5 stars

Construction Sector

95th out of 99 stocks

Plastics Products, Not Elsewhere Classified Industry

8th out of 9 stocks

1.0

Analyst's Opinion

Consensus Rating
Latham Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating.
Amount of Analyst Coverage
Latham Group has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.37% of the float of Latham Group has been sold short.
Short Interest Ratio / Days to Cover
Latham Group has a short interest ratio ("days to cover") of 4.5.
Change versus previous month
Short interest in Latham Group has recently increased by 5.08%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Latham Group does not currently pay a dividend.
Dividend Growth
Latham Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SWIM.

2.0

News and Social Media Coverage

News Sentiment
Latham Group has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Construction companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Latham Group this week, compared to 2 articles on an average week.
Search Interest
4 people have searched for SWIM on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Latham Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Latham Group insiders have sold 106.56% more of their company's stock than they have bought. Specifically, they have bought $80,300.00 in company stock and sold $165,868.00 in company stock.
Percentage Held by Insiders
Only 7.60% of the stock of Latham Group is held by insiders.
Percentage Held by Institutions
83.95% of the stock of Latham Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Latham Group are expected to grow in the coming year, from ($0.24) to ($0.14) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Latham Group is -106.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Latham Group is -106.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Latham Group has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Latham Group Stock (NASDAQ:SWIM)

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. The company was formerly known as Latham Topco, Inc. and changed its name to Latham Group, Inc. in March 2021. Latham Group, Inc. was founded in 1956 and is headquartered in Latham, New York.

SWIM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SWIM Stock News Headlines

March 20, 2024 | insidertrades.com

Latham Group, Inc. (NASDAQ:SWIM) CFO Buys $80,300.00 in Stock

April 10, 2024 | globenewswire.com

Latham Group, Inc. Announces First Quarter 2024 Earnings Release and Conference Call Date

April 17, 2024 | InvestorPlace (Ad)

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April 10, 2024 | americanbankingnews.com

Latham Group (NASDAQ:SWIM) Shares Up 2.2%

April 4, 2024 | msn.com

Form launches new Smart Swim goggles that show live readouts of swimming

March 18, 2024 | bizjournals.com

Latham Group CEO: Interest rates keeping potential swimming pool customers on sidelines

March 18, 2024 | finance.yahoo.com

Why Is Latham (SWIM) Stock Soaring Today

March 16, 2024 | ca.finance.yahoo.com

SWIM Apr 2024 2.500 put

April 17, 2024 | InvestorPlace (Ad)

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March 15, 2024 | markets.businessinsider.com

Latham Group: Persistent Challenges Prompt Continued Sell Rating

March 14, 2024 | seekingalpha.com

Latham Group, Inc. (SWIM) Q4 2023 Earnings Call Transcript

March 14, 2024 | finance.yahoo.com

Latham Group Full Year 2023 Earnings: EPS Beats Expectations

March 13, 2024 | finance.yahoo.com

Why Latham (SWIM) Stock Is Trading Lower Today

March 13, 2024 | marketwatch.com

Latham Group Shares Down 11% on Persistent Industry Woes

March 13, 2024 | finanznachrichten.de

Latham Pool Products: Latham Group, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Provides 2024 Guidance

March 13, 2024 | markets.businessinsider.com

These Analysts Cut Their Forecasts On Latham Group After Q4 Results

March 13, 2024 | finance.yahoo.com

Q4 2023 Latham Group Inc Earnings Call

March 13, 2024 | finance.yahoo.com

Latham Group, Inc. (NASDAQ:SWIM) Q4 2023 Earnings Call Transcript

March 12, 2024 | finance.yahoo.com

Latham Group Inc (SWIM) Reports Full Year 2023 Earnings and Provides 2024 Outlook

March 12, 2024 | benzinga.com

Recap: Latham Group Q4 Earnings

March 12, 2024 | finance.yahoo.com

Latham (NASDAQ:SWIM) Surprises With Q4 Sales But Stock Drops 12.3%

March 12, 2024 | globenewswire.com

Latham Group, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Provides 2024 Guidance

March 12, 2024 | theglobeandmail.com

S&P Futures Climb Ahead of Key U.S. Inflation Report

March 11, 2024 | benzinga.com

Earnings Preview: Latham Group

March 7, 2024 | bizjournals.com

Concord Pools expanding to Florida planned community

March 7, 2024 | investorplace.com

The Top 3 Construction Stocks to Buy in March 2024

March 7, 2024 | investorplace.com

7 Penny Stocks That Can Turn Your $5 Into $500 Overnight

See More Headlines

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Company Calendar

Last Earnings: 3/12/2024
Today: 4/17/2024
Next Earnings (Confirmed): 5/07/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Construction
Industry: Plastics products, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NASDAQ:SWIM
CUSIP: N/A
CIK: 1833197
Web: www.lathampool.com
Phone: 800-833-3800
Fax: N/A
Employees: 1,760
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $3.20
High Stock Price Target: $4.00
Low Stock Price Target: $2.60
Potential Upside/Downside: +0.6%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.03)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-2,390,000.00
Net Margins: -0.42%
Pretax Margin: -1.78%
Return on Equity: -0.62%
Return on Assets: -0.27%

Debt

Debt-to-Equity Ratio: 0.70
Current Ratio: 2.77
Quick Ratio: 1.64

Sales & Book Value

Annual Sales: $566.49 million
Price / Sales: 0.65
Cash Flow: $0.33 per share
Price / Cash Flow: 9.65
Book Value: $3.48 per share
Price / Book: 0.91

Miscellaneous

Outstanding Shares: 115,390,000
Free Float: 106,617,000
Market Cap: $366.94 million
Optionable: Optionable
Beta: 1.57

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Key Executives

Mr. Scott M. Rajeski (Age 57)
CEO, President & Director
Comp: $477k
Mr. Patrick M. Sheller (Age 62)
General Counsel & Secretary
Comp: $366.78k
Mr. Joshua D. Cowley (Age 47)
Chief Commercial Officer
Comp: $385.97k
Mr. Oliver Carsten Gloe (Age 49)
Chief Financial Officer
Mr. Sanjeev Bahl (Age 53)
Chief Operating Officer
Comp: $364.81k
Mr. Kaushal Bhikhesh Dhruv (Age 48)
Chief Information Officer
Mr. Suraj Kunchala (Age 48)
VP & Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SWIM Stock Analysis - Frequently Asked Questions

Should I buy or sell Latham Group stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Latham Group in the last twelve months. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SWIM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SWIM, but not buy additional shares or sell existing shares.
View SWIM analyst ratings or view top-rated stocks.
What is Latham Group's stock price target for 2024?: 3 Wall Street analysts have issued 1-year target prices for Latham Group's shares. Their SWIM share price targets range from $2.60 to $4.00. On average, they anticipate the company's share price to reach $3.20 in the next twelve months. This suggests a possible upside of 0.6% from the stock's current price.
View analysts price targets for SWIM or view top-rated stocks among Wall Street analysts.
How have SWIM shares performed in 2024?: Latham Group's stock was trading at $2.63 at the beginning of the year. Since then, SWIM stock has increased by 20.9% and is now trading at $3.18.
View the best growth stocks for 2024 here.
When is Latham Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our SWIM earnings forecast.
How can I listen to Latham Group's earnings call?: Latham Group will be holding an earnings conference call on Tuesday, May 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Latham Group's earnings last quarter?: Latham Group, Inc. (NASDAQ:SWIM) posted its earnings results on Tuesday, March, 12th. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.14) by $0.08. The company earned $90.90 million during the quarter, compared to analyst estimates of $86.95 million. Latham Group had a negative net margin of 0.42% and a negative trailing twelve-month return on equity of 0.62%. Latham Group's revenue for the quarter was down 15.8% on a year-over-year basis. During the same period last year, the company posted ($0.17) EPS.
What guidance has Latham Group issued on next quarter's earnings?: Latham Group issued an update on its first quarter 2024 earnings guidance on Friday, March, 15th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $98.0 million-$104.0 million, compared to the consensus revenue estimate of $110.6 million.
When did Latham Group IPO?: Latham Group (SWIM) raised $400 million in an initial public offering on Friday, April 23rd 2021. The company issued 20,000,000 shares at a price of $19.00-$21.00 per share. Barclays, BofA Securities, Morgan Stanley and Goldman Sachs served as the underwriters for the IPO and Nomura, William Blair, Baird, KeyBanc Capital Markets and Truist Securities were co-managers.
How do I buy shares of Latham Group?: Shares of SWIM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SWIM) was last updated on 4/17/2024 by MarketBeat.com Staff

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Latham Group (SWIM) Stock Price, News & Analysis

Latham Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Latham Group Stock (NASDAQ:SWIM)

SWIM Stock Price History

SWIM Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

SWIM Stock Analysis - Frequently Asked Questions

Overall MarketRank^™