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

Shares of Latham Group, Inc. (NASDAQ:SWIM) have been given an average rating of “Reduce” by the seven brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $7.8333.

SWIM has been the subject of a number of research analyst reports. The Goldman Sachs Group reiterated a “sell” rating on shares of Latham Group in a research note on Wednesday, May 6th. Zacks Research downgraded shares of Latham Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Barclays raised their target price on shares of Latham Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Finally, Weiss Ratings raised shares of Latham Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 18th.

Institutional Trading of Latham Group

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets increased its position in Latham Group by 83.9% during the second quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company’s stock valued at $27,000 after acquiring an additional 1,921 shares during the last quarter. Raymond James Financial Inc. bought a new position in Latham Group in the second quarter valued at about $29,000. Summit Securities Group LLC purchased a new position in Latham Group in the first quarter worth about $30,000. Covestor Ltd boosted 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 during the last quarter. Finally, State of Wyoming purchased a new position in Latham Group in the fourth quarter worth about $55,000. Institutional investors own 83.95% of the company’s stock.

Latham Group Trading Up 1.4%

Latham Group stock opened at $7.08 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.16 and a quick ratio of 1.44. Latham Group has a one year low of $4.64 and a one year high of $8.97. The stock has a market capitalization of $832.96 million, a PE ratio of 141.60, a price-to-earnings-growth ratio of 1.52 and a beta of 1.65. The business’s fifty day moving average is $6.40 and its 200 day moving average is $6.03.

Latham Group (NASDAQ:SWIM) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 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 business had revenue of $197.47 million during the quarter, compared to the consensus estimate of $188.39 million. On average, sell-side analysts predict that Latham Group will post 0.16 EPS for the current year.

Latham Group Company Profile

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.