Latham Group, Inc. (NASDAQ:SWIM) Receives Average Rating of “Hold” from Analysts

Shares of Latham Group, Inc. (NASDAQ:SWIM) have earned a consensus rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $7.3333.

Several brokerages have recently issued reports on SWIM. Stifel Nicolaus increased their price objective on Latham Group from $8.75 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, March 4th. William Blair reissued an “outperform” rating on shares of Latham Group in a research note on Wednesday, March 4th. Weiss Ratings restated a “sell (d)” rating on shares of Latham Group in a report on Monday, December 29th. Barclays increased their price target on Latham Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 4th. Finally, Zacks Research upgraded Latham Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 5th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in Latham Group by 216.4% during the 4th quarter. Wellington Management Group LLP now owns 6,749,349 shares of the company’s stock worth $42,858,000 after acquiring an additional 4,616,367 shares in the last quarter. Citadel Advisors LLC boosted its stake in Latham Group by 206.5% in the third quarter. Citadel Advisors LLC now owns 4,620,114 shares of the company’s stock valued at $35,159,000 after acquiring an additional 3,112,708 shares in the last quarter. CAS Investment Partners LLC purchased a new position in shares of Latham Group during the third quarter worth about $7,610,000. UBS Group AG grew its holdings in shares of Latham Group by 1,709.2% during the fourth quarter. UBS Group AG now owns 955,867 shares of the company’s stock worth $6,070,000 after purchasing an additional 903,032 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Latham Group by 36.7% during the third quarter. Vanguard Group Inc. now owns 3,257,228 shares of the company’s stock worth $24,788,000 after purchasing an additional 873,903 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Latham Group Trading Up 3.9%

NASDAQ SWIM opened at $5.37 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.82 and a current ratio of 2.77. The firm has a market cap of $628.08 million, a price-to-earnings ratio of 59.67, a PEG ratio of 1.86 and a beta of 1.70. The firm has a 50 day simple moving average of $6.35 and a 200-day simple moving average of $6.77. Latham Group has a one year low of $4.56 and a one year high of $8.97.

Latham Group (NASDAQ:SWIM) last announced its earnings results on Tuesday, March 3rd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03. Latham Group had a net margin of 2.04% and a return on equity of 2.79%. The firm had revenue of $99.95 million for the quarter, compared to the consensus estimate of $95.86 million. Equities research analysts anticipate that Latham Group will post -0.04 EPS for the current fiscal year.

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.