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

Latham Group, Inc. (NASDAQ:SWIM) has received a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $7.83.

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

Institutional Trading of Latham Group

Several large investors have recently bought and sold shares of SWIM. Squarepoint Ops LLC lifted its position in shares of Latham Group by 68.7% during the second quarter. Squarepoint Ops LLC now owns 574,790 shares of the company’s stock worth $3,719,000 after purchasing an additional 234,130 shares in the last quarter. Congruence Capital LLC purchased a new position in Latham Group in the 4th quarter valued at about $1,278,000. CenterBook Partners LP boosted its position in Latham Group by 21.0% in the 4th quarter. CenterBook Partners LP now owns 1,245,337 shares of the company’s stock valued at $7,908,000 after buying an additional 215,774 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Latham Group by 24.0% during the second quarter. Wellington Management Group LLP now owns 11,364,049 shares of the company’s stock valued at $73,525,000 after acquiring an additional 2,201,843 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Latham Group during the second quarter valued at about $3,615,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Latham Group Price Performance

Latham Group stock opened at $6.24 on Wednesday. The firm has a fifty day moving average of $6.59 and a 200-day moving average of $6.01. Latham Group has a 52-week low of $4.64 and a 52-week high of $8.97. The company has a quick ratio of 1.44, a current ratio of 2.16 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $734.14 million, a P/E ratio of 124.80, a PEG ratio of 1.36 and a beta of 1.72.

Latham Group (NASDAQ:SWIM) last posted its earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.05). Latham Group had a net margin of 0.92% and a return on equity of 1.31%. The business had revenue of $197.47 million for the quarter, compared to analyst estimates of $188.39 million. As a group, analysts predict that Latham Group will post 0.16 EPS for the current 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.