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

Shares of Latham Group, Inc. (NASDAQ:SWIM) have received an average rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $7.83.

SWIM has been the topic of a number of analyst reports. Weiss Ratings upgraded 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 note on Friday, September 4th. Finally, Barclays raised 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.

Hedge Funds Weigh In On Latham Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position 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 worth $73,525,000 after acquiring an additional 2,201,843 shares during the last quarter. BlackRock Inc. purchased a new position in Latham Group in the second quarter valued at about $23,532,000. Dimensional Fund Advisors LP grew its stake in Latham Group by 16.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,370,146 shares of the company’s stock valued at $18,096,000 after purchasing an additional 470,123 shares in the last quarter. Formula Growth Ltd. acquired a new stake in Latham Group during the 2nd quarter valued at approximately $8,897,000. Finally, CenterBook Partners LP grew its stake in Latham Group by 21.0% during the 4th quarter. CenterBook Partners LP now owns 1,245,337 shares of the company’s stock valued at $7,908,000 after purchasing an additional 215,774 shares in the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

Latham Group Price Performance

SWIM stock opened at $6.24 on Wednesday. The firm has a market cap of $734.14 million, a P/E ratio of 124.80, a price-to-earnings-growth ratio of 1.36 and a beta of 1.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.44 and a current ratio of 2.16. Latham Group has a 1 year low of $4.64 and a 1 year high of $8.97. The stock has a 50-day simple moving average of $6.59 and a 200-day simple moving average of $6.01.

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

Latham Group Company Profile

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.