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

Shares of Latham Group, Inc. (NASDAQ:SWIM) have been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities 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 1-year price target among brokerages that have issued ratings on the stock in the last year is $7.50.

Several research firms recently issued reports on SWIM. Zacks Research lowered shares of Latham Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 3rd. The Goldman Sachs Group reissued a “sell” rating on shares of Latham Group in a research report on Wednesday, May 6th. Weiss Ratings upgraded Latham Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Wall Street Zen cut Latham Group from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. Finally, Bank of America decreased their price target on Latham Group from $7.00 to $6.00 and set an “underperform” rating for the company in a research note on Monday, April 20th.

Latham Group Price Performance

Shares of SWIM opened at $5.99 on Friday. The firm has a market cap of $703.29 million, a PE ratio of 85.57, a PEG ratio of 1.00 and a beta of 1.62. The firm’s 50 day moving average price is $5.60 and its 200 day moving average price is $6.01. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.16 and a current ratio of 1.88. Latham Group has a twelve month low of $4.64 and a twelve month high of $8.97.

Latham Group (NASDAQ:SWIM) last posted its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The business had revenue of $117.31 million during the quarter, compared to analyst estimates of $118.39 million. Latham Group had a net margin of 1.55% and a return on equity of 2.13%. As a group, research analysts expect that Latham Group will post 0.18 EPS for the current fiscal year.

Insider Activity at Latham Group

In related news, Director James E. Cline purchased 50,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of $4.84 per share, for a total transaction of $242,000.00. Following the completion of the acquisition, the director directly owned 100,000 shares in the company, valued at approximately $484,000. This trade represents a 100.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Oliver C. Gloe purchased 15,050 shares of the stock in a transaction on Wednesday, May 20th. The shares were bought at an average price of $4.90 per share, for a total transaction of $73,745.00. Following the acquisition, the chief financial officer owned 540,758 shares of the company’s stock, valued at approximately $2,649,714.20. The trade was a 2.86% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.32% of the stock is currently owned by insiders.

Institutional Trading of Latham Group

Several large investors have recently modified their holdings of SWIM. Empowered Funds LLC grew its stake in Latham Group by 7.4% in the 1st quarter. Empowered Funds LLC now owns 405,207 shares of the company’s stock valued at $2,605,000 after buying an additional 27,916 shares during the last quarter. Jane Street Group LLC boosted its holdings in Latham Group by 27.1% during the first quarter. Jane Street Group LLC now owns 24,894 shares of the company’s stock valued at $160,000 after acquiring an additional 5,315 shares during the period. JPMorgan Chase & Co. boosted its holdings in Latham Group by 9.9% during the second quarter. JPMorgan Chase & Co. now owns 21,950 shares of the company’s stock valued at $140,000 after acquiring an additional 1,978 shares during the period. Rhumbline Advisers grew its position in shares of Latham Group by 2.7% in the second quarter. Rhumbline Advisers now owns 63,639 shares of the company’s stock valued at $406,000 after purchasing an additional 1,672 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Latham Group by 12.7% in the second quarter. The Manufacturers Life Insurance Company now owns 18,096 shares of the company’s stock valued at $115,000 after purchasing an additional 2,038 shares during the last quarter. 83.95% of the stock is owned by 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.