Barclays Issues Pessimistic Forecast for Latham Group (NASDAQ:SWIM) Stock Price

Latham Group (NASDAQ:SWIM) had its price target decreased by Barclays from $8.00 to $7.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 20.48% from the stock’s current price.

A number of other equities analysts also recently issued reports on SWIM. Wall Street Zen raised Latham Group from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Zacks Research downgraded Latham Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Latham Group in a research note on Monday, December 29th. Stifel Nicolaus increased their target price on Latham Group from $8.75 to $9.50 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, William Blair reissued an “outperform” rating on shares of Latham Group in a research note on Wednesday, March 4th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $7.00.

Latham Group Stock Up 2.5%

Latham Group stock opened at $5.81 on Wednesday. Latham Group has a fifty-two week low of $4.56 and a fifty-two week high of $8.97. 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 company has a market capitalization of $679.54 million, a P/E ratio of 64.56, a PEG ratio of 2.03 and a beta of 1.75. The stock has a 50-day simple moving average of $6.17 and a 200-day simple moving average of $6.67.

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

Institutional Investors Weigh In On Latham Group

Hedge funds have recently made changes to their positions in the business. CAS Investment Partners LLC acquired a new stake in shares of Latham Group during the third quarter worth $7,610,000. AYAL Capital Advisors Ltd boosted its holdings in shares of Latham Group by 40.9% during the second quarter. AYAL Capital Advisors Ltd now owns 800,000 shares of the company’s stock worth $5,104,000 after purchasing an additional 232,100 shares during the last quarter. Fund 1 Investments LLC acquired a new stake in shares of Latham Group during the second quarter worth $1,600,000. AdviceOne Advisory Services LLC acquired a new stake in shares of Latham Group during the third quarter worth $991,000. Finally, AlphaQuest LLC acquired a new stake in shares of Latham Group during the third quarter worth $1,038,000. Institutional investors and hedge funds 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.