Latham Group, Inc. (NASDAQ:SWIM) Stock Has Consensus Price Target of $7.83 According to Analysts

Shares of Latham Group, Inc. (NASDAQ:SWIM) have earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $7.83.

SWIM has been the subject of a number of recent research reports. Weiss Ratings raised shares of Latham Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. Zacks Research upgraded shares of Latham Group from a “strong sell” rating to a “hold” rating in a research report on Friday, September 4th. Finally, Barclays increased their price target on shares of Latham Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Monday, August 10th.

Institutional Investors Weigh In On Latham Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. WINTON GROUP Ltd purchased a new stake in Latham Group in the 2nd quarter worth about $72,000. Squarepoint Ops LLC raised its position in Latham Group by 68.7% during the 2nd quarter. Squarepoint Ops LLC now owns 574,790 shares of the company’s stock valued at $3,719,000 after purchasing an additional 234,130 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Latham Group by 52.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,167 shares of the company’s stock valued at $292,000 after acquiring an additional 15,529 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Latham Group by 24.0% in the 2nd quarter. Wellington Management Group LLP now owns 11,364,049 shares of the company’s stock valued at $73,525,000 after purchasing an additional 2,201,843 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Latham Group in the 2nd quarter worth approximately $653,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Latham Group Price Performance

NASDAQ:SWIM opened at $6.14 on Wednesday. The business’s 50-day moving average is $6.59 and its 200 day moving average is $6.01. Latham Group has a 12 month low of $4.64 and a 12 month high of $8.97. The company has a market capitalization of $722.37 million, a P/E ratio of 122.80, a P/E/G ratio of 1.35 and a beta of 1.72. The company has a current ratio of 2.16, a quick ratio of 1.44 and a debt-to-equity ratio of 0.67.

Latham Group (NASDAQ:SWIM) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.05). Latham Group had a return on equity of 1.31% and a net margin of 0.92%.The firm had revenue of $197.47 million for the quarter, compared to analysts’ expectations of $188.39 million. On average, equities research analysts forecast that Latham Group will post 0.16 earnings per share for the current fiscal year.

About Latham Group

Latham Group, Inc (NASDAQ: SWIM) designs, manufactures and markets residential swimming pool products. The company serves the in-ground pool market with a portfolio that includes fiberglass pools, vinyl pool liners and automatic safety covers, along with related pool components and accessories.

Latham sells its products primarily through a network of independent dealers, distributors and pool professionals. Its products are used in new pool construction as well as renovation and replacement projects, serving homeowners and contractors in the residential swimming pool industry.

The company operates manufacturing and distribution facilities across North America, Australia and New Zealand, with additional operations serving European markets.