Latham Group (NASDAQ:SWIM) Upgraded at Zacks Research

Zacks Research upgraded shares of Latham Group (NASDAQ:SWIM) from a hold rating to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.

SWIM has been the topic of a number of other reports. Barclays boosted their price target on Latham Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Weiss Ratings reiterated a “sell (d)” rating on shares of Latham Group in a research note on Monday, December 29th. Stifel Nicolaus boosted their target price on Latham Group from $8.75 to $9.50 and gave the stock a “buy” rating in a report on Wednesday. Finally, William Blair reissued an “outperform” rating on shares of Latham Group in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.33.

Latham Group Trading Down 2.5%

NASDAQ:SWIM opened at $6.30 on Thursday. Latham Group has a 52 week low of $4.56 and a 52 week high of $8.97. The firm has a market capitalization of $735.65 million, a P/E ratio of 70.00, a P/E/G ratio of 1.13 and a beta of 1.70. The company has a fifty day moving average of $6.57 and a 200 day moving average of $7.04. The company has a quick ratio of 1.72, a current ratio of 2.77 and a debt-to-equity ratio of 0.68.

Latham Group (NASDAQ:SWIM) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. Latham Group had a net margin of 2.04% and a return on equity of 2.79%. The business had revenue of $99.95 million for the quarter, compared to analysts’ expectations of $95.86 million. On average, research analysts predict that Latham Group will post -0.04 earnings per share for the current year.

Institutional Trading of Latham Group

Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP raised its stake in shares of Latham Group by 216.4% in the fourth quarter. Wellington Management Group LLP now owns 6,749,349 shares of the company’s stock worth $42,858,000 after purchasing an additional 4,616,367 shares during the last quarter. Voss Capital LP boosted its position in shares of Latham Group by 11.0% during the second quarter. Voss Capital LP now owns 6,299,042 shares of the company’s stock valued at $40,188,000 after buying an additional 622,327 shares during the last quarter. Citadel Advisors LLC increased its holdings in Latham Group by 206.5% in the 3rd quarter. Citadel Advisors LLC now owns 4,620,114 shares of the company’s stock worth $35,159,000 after buying an additional 3,112,708 shares in the last quarter. Vanguard Group Inc. raised its position in Latham Group by 36.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,257,228 shares of the company’s stock worth $24,788,000 after buying an additional 873,903 shares during the last quarter. Finally, Wasatch Advisors LP lifted its stake in Latham Group by 29.5% during the 2nd quarter. Wasatch Advisors LP now owns 3,116,247 shares of the company’s stock valued at $19,882,000 after acquiring an additional 709,368 shares during the period. Institutional investors own 83.95% of the company’s stock.

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.