Shares of Latham Group, Inc. (NASDAQ:SWIM – Get Rating) have been given a consensus rating of “Hold” by the eight research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $5.25.
A number of analysts recently issued reports on the company. Stifel Nicolaus dropped their price objective on Latham Group from $3.50 to $2.50 in a report on Monday, April 24th. Barclays reduced their price objective on Latham Group from $5.00 to $4.00 in a research report on Wednesday. Finally, The Goldman Sachs Group reduced their price target on Latham Group from $3.00 to $2.50 and set a “sell” rating on the stock in a research report on Tuesday, April 11th.
In related news, Director James E. Cline acquired 40,000 shares of the stock in a transaction on Thursday, May 11th. The stock was acquired at an average price of $3.40 per share, for a total transaction of $136,000.00. Following the completion of the purchase, the director now owns 159,050 shares of the company’s stock, valued at $540,770. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.60% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Latham Group Stock Down 6.2 %
Shares of NASDAQ:SWIM opened at $3.33 on Friday. The company has a market capitalization of $381.88 million, a PE ratio of -20.81 and a beta of 1.21. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.94 and a quick ratio of 1.03. The business has a fifty day moving average price of $2.76 and a two-hundred day moving average price of $3.32. Latham Group has a 1 year low of $2.12 and a 1 year high of $11.75.
Latham Group (NASDAQ:SWIM – Get Rating) last posted its quarterly earnings results on Tuesday, May 9th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.09). The firm had revenue of $137.70 million for the quarter, compared to the consensus estimate of $123.05 million. Latham Group had a negative return on equity of 0.77% and a negative net margin of 0.82%. The firm’s revenue was down 28.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.02) EPS. Analysts forecast that Latham Group will post 0.21 earnings per share for the current year.
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, pool covers, and pool liners. The company was formerly known as Latham Topco, Inc and changed its name to Latham Group, Inc in March 2021.
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