Latham Group, Inc. (NASDAQ:SWIM) Receives $7.33 Average Price Target from Analysts

Shares of Latham Group, Inc. (NASDAQ:SWIM) have been given an average rating of “Hold” by the six brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $7.3333.

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

Institutional Investors Weigh In On Latham Group

A number of institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its stake in shares of Latham Group by 83.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company’s stock valued at $27,000 after buying an additional 1,921 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Latham Group during the 3rd quarter valued at about $28,000. Raymond James Financial Inc. bought a new stake in Latham Group in the second quarter valued at about $29,000. Covestor Ltd raised its position in Latham Group by 153.0% in the fourth quarter. Covestor Ltd now owns 5,576 shares of the company’s stock worth $35,000 after purchasing an additional 3,372 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Latham Group during the third quarter worth about $47,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Latham Group Stock Up 0.2%

Shares of SWIM stock opened at $6.31 on Friday. Latham Group has a 12 month low of $4.56 and a 12 month high of $8.97. The company has a quick ratio of 1.82, a current ratio of 2.77 and a debt-to-equity ratio of 0.68. The firm has a market cap of $736.82 million, a PE ratio of 70.11, a price-to-earnings-growth ratio of 1.13 and a beta of 1.70. The stock has a 50 day moving average of $6.57 and a 200-day moving average of $7.02.

Latham Group (NASDAQ:SWIM) last announced its earnings results on Tuesday, March 3rd. The company reported ($0.06) earnings per share (EPS) 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 analyst estimates of $95.86 million. On average, equities analysts predict that Latham Group will post -0.04 EPS for the current 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.