Latham Group (NASDAQ:SWIM) Price Target Raised to $9.50

Latham Group (NASDAQ:SWIM) had its target price hoisted by Stifel Nicolaus from $8.75 to $9.50 in a research note issued to investors on Wednesday, MarketBeat reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on SWIM. Weiss Ratings reissued a “sell (d)” rating on shares of Latham Group in a report on Monday, December 29th. Barclays dropped their price objective on Latham Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.33.

Latham Group Stock Down 2.5%

Shares of NASDAQ SWIM opened at $6.30 on Wednesday. The firm’s 50-day moving average is $6.57 and its two-hundred day moving average is $7.04. The company has a market capitalization of $735.65 million, a PE ratio of 70.00, a price-to-earnings-growth ratio of 1.16 and a beta of 1.70. Latham Group has a 12-month low of $4.56 and a 12-month high of $8.97. 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 (NASDAQ:SWIM) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. Latham Group had a return on equity of 2.79% and a net margin of 2.04%.The firm had revenue of $99.95 million during the quarter, compared to the consensus estimate of $95.86 million. Equities analysts anticipate that Latham Group will post -0.04 EPS for the current fiscal year.

Institutional Trading of Latham Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Atria Investments Inc purchased a new position in shares of Latham Group during the 2nd quarter worth $280,000. Voss Capital LP grew its position in shares of Latham Group by 11.0% in the second quarter. Voss Capital LP now owns 6,299,042 shares of the company’s stock valued at $40,188,000 after purchasing an additional 622,327 shares during the period. Advantage Alpha Capital Partners LP increased its stake in Latham Group by 26.8% in the second quarter. Advantage Alpha Capital Partners LP now owns 931,998 shares of the company’s stock valued at $5,946,000 after purchasing an additional 196,845 shares during the last quarter. AYAL Capital Advisors Ltd increased its stake in Latham Group by 40.9% in the second quarter. AYAL Capital Advisors Ltd now owns 800,000 shares of the company’s stock valued at $5,104,000 after purchasing an additional 232,100 shares during the last quarter. Finally, Formula Growth Ltd. lifted its position in Latham Group by 14.9% during the second quarter. Formula Growth Ltd. now owns 1,318,033 shares of the company’s stock worth $8,409,000 after buying an additional 170,694 shares during the period. 83.95% of the stock is owned by hedge funds and other institutional investors.

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.