Latham Group (NASDAQ:SWIM) Stock Rating Lowered by Wall Street Zen
by Jessica Moore · The Cerbat GemLatham Group (NASDAQ:SWIM – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.
A number of other equities analysts also recently issued reports on the company. William Blair reissued an “outperform” rating on shares of Latham Group in a research note on Wednesday, March 4th. Stifel Nicolaus increased their target price on Latham Group from $8.75 to $9.50 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Barclays cut their target price on Latham Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Latham Group in a research note on Monday, December 29th. Finally, Zacks Research downgraded Latham Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 3rd. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $7.00.
View Our Latest Analysis on Latham Group
Latham Group Stock Up 0.2%
SWIM opened at $5.76 on Friday. The business has a 50 day moving average price of $6.15 and a two-hundred day moving average price of $6.63. The company has a quick ratio of 1.82, a current ratio of 2.77 and a debt-to-equity ratio of 0.68. The company has a market cap of $673.69 million, a PE ratio of 64.00, a P/E/G ratio of 2.06 and a beta of 1.75. Latham Group has a 52 week low of $4.56 and a 52 week high of $8.97.
Latham Group (NASDAQ:SWIM – Get Free Report) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.03. The firm had revenue of $99.95 million during the quarter, compared to the consensus estimate of $95.86 million. Latham Group had a return on equity of 2.79% and a net margin of 2.04%. As a group, research analysts anticipate that Latham Group will post -0.04 EPS for the current year.
Institutional Investors Weigh In On Latham Group
A number of large investors have recently bought and sold shares of SWIM. Empowered Funds LLC grew its holdings in Latham Group by 7.4% during 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 grew its holdings in Latham Group by 27.1% during the 1st quarter. Jane Street Group LLC now owns 24,894 shares of the company’s stock valued at $160,000 after buying an additional 5,315 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Latham Group by 9.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,950 shares of the company’s stock valued at $140,000 after buying an additional 1,978 shares during the last quarter. Rhumbline Advisers grew its holdings in Latham Group by 2.7% during the 2nd quarter. Rhumbline Advisers now owns 63,639 shares of the company’s stock valued at $406,000 after buying an additional 1,672 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Latham Group by 12.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,096 shares of the company’s stock valued at $115,000 after buying an additional 2,038 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.
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.