Brokerages Set Latham Group, Inc. (NASDAQ:SWIM) Target Price at $7.50

Shares of Latham Group, Inc. (NASDAQ:SWIM) have earned a consensus rating of “Hold” from the seven research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued 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.

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

Latham Group Stock Performance

NASDAQ:SWIM opened at $6.06 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. Latham Group has a fifty-two week low of $4.64 and a fifty-two week high of $8.97. The firm’s fifty day simple moving average is $5.61 and its 200-day simple moving average is $6.00. The stock has a market cap of $711.50 million, a PE ratio of 86.57, a price-to-earnings-growth ratio of 1.00 and a beta of 1.62.

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

Insiders Place Their Bets

In other news, CFO Oliver C. Gloe purchased 15,050 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was bought at an average cost of $4.90 per share, for a total transaction of $73,745.00. Following the completion of the purchase, the chief financial officer directly owned 540,758 shares of the company’s stock, valued at $2,649,714.20. The trade was a 2.86% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James E. Cline acquired 50,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was purchased 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 owned 100,000 shares in the company, valued at approximately $484,000. This trade represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 3.32% of the company’s stock.

Institutional Trading of Latham Group

A number of institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets increased its position in shares of Latham Group by 83.9% in the second quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company’s stock worth $27,000 after acquiring an additional 1,921 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Latham Group during the 2nd quarter valued at $29,000. Summit Securities Group LLC acquired a new position in shares of Latham Group during the 1st quarter valued at $30,000. Covestor Ltd boosted its position in Latham Group by 153.0% during the 4th 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 period. Finally, State of Wyoming purchased a new stake in Latham Group during the 4th quarter worth $55,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

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.