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

Latham Group, Inc. (NASDAQ:SWIM) has received an average recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $7.3333.

A number of analysts have recently weighed in on the stock. William Blair restated an “outperform” rating on shares of Latham Group in a report on Wednesday. Barclays lifted 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. Stifel Nicolaus boosted their price objective on Latham Group from $8.75 to $9.50 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings restated a “sell (d)” rating on shares of Latham Group in a research report on Monday, December 29th. Finally, Zacks Research raised Latham Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday.

Latham Group Trading Down 2.5%

Shares of SWIM opened at $6.30 on Friday. The firm has a market cap of $735.65 million, a P/E ratio of 70.00, a price-to-earnings-growth ratio of 1.16 and a beta of 1.70. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.77 and a quick ratio of 1.72. Latham Group has a 1 year low of $4.56 and a 1 year high of $8.97. The company has a 50 day simple moving average of $6.57 and a two-hundred day simple moving average of $7.04.

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

Institutional Trading of Latham Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in shares of 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 buying an additional 4,616,367 shares in the last quarter. Citadel Advisors LLC raised its holdings in shares of 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 stake in Latham Group in the third quarter worth about $7,610,000. UBS Group AG lifted its stake in Latham Group by 1,709.2% in the fourth quarter. UBS Group AG now owns 955,867 shares of the company’s stock worth $6,070,000 after acquiring an additional 903,032 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Latham Group by 36.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,257,228 shares of the company’s stock worth $24,788,000 after acquiring an additional 873,903 shares in the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

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.