In yesterday’s Wall Street session, Latham Group Inc. (NASDAQ:SWIM) shares traded at $3.47, down -3.34% from the previous session.
9 analysts cover Latham Group Inc. (NASDAQ:SWIM), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $3.00, we find $5.00. Given the previous closing price of $3.59, this indicates a potential upside of 39.28 percent. SWIM stock price is now 2.46% away from the 50-day moving average and -45.79% away from the 200-day moving average. The market capitalization of the company currently stands at $420.49M.
The stock has received a hold rating from 3 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $4.75 as their price target over the next twelve months.
With the price target reduced from $7 to $5, Barclays Downgraded its rating from Overweight to Equal Weight for Latham Group Inc. (NASDAQ: SWIM). On December 13, 2022, Stifel recently initiated its ‘Hold’ rating on the stock quoting a target price of $3, while ‘Goldman’ rates the stock as ‘Sell’.
In other news, Laven Mark Phillip, Director bought 7,500 shares of the company’s stock on Nov 21. The stock was bought for $22,385 at an average price of $2.98. Upon completion of the transaction, the Director now directly owns 402,206 shares in the company, valued at $1.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18, Director Laven Mark Phillip bought 7,500 shares of the business’s stock. A total of $21,675 was incurred on buying the stock at an average price of $2.89. This leaves the insider owning 394,706 shares of the company worth $1.37 million. Insiders disposed of 25,940,490 shares of company stock worth roughly $90.01 million over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SWIM stock. A new stake in Latham Group Inc. shares was purchased by RIVER ROAD ASSET MANAGEMENT, LLC during the first quarter worth $4,699,000. ALYESKA INVESTMENT GROUP, L.P. invested $3,487,000 in shares of SWIM during the first quarter. In the first quarter, CANNELL CAPITAL LLC acquired a new stake in Latham Group Inc. valued at approximately $3,342,000. AMERIPRISE FINANCIAL INC acquired a new stake in SWIM for approximately $2,643,000. LUMINUS MANAGEMENT LLC purchased a new stake in SWIM valued at around $1,862,000 in the second quarter. In total, there are 183 active investors with 87.50% ownership of the company’s stock.
On Friday morning Latham Group Inc. (NASDAQ: SWIM) stock kicked off with the opening price of $3.5700. During the past 12 months, Latham Group Inc. has had a low of $2.75 and a high of $18.83. As of last week, the company has a debt-to-equity ratio of 0.79, a current ratio of 2.70, and a quick ratio of 1.30. The fifty day moving average price for SWIM is $3.3726 and a two-hundred day moving average price translates $6.3482 for the stock.
The latest earnings results from Latham Group Inc. (NASDAQ: SWIM) was released for Jul, 2022. According to the Building Products & Equipment Company, earnings per share came in at $0.21, inline with analysts’ expectations of $0.21. This compares to -$0.10 EPS in the same period last year. The net profit margin was 1.00% and return on equity was 1.90% for SWIM. The company reported revenue of $189.4 million for the quarter, compared to $161.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.94 percent. For the current quarter, analysts expect SWIM to generate $190.89M in revenue.
Latham Group Inc.(SWIM) Company Profile
Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools, pool covers, and pool liners. The company was formerly known as Latham Topco, Inc. and changed its name to Latham Group, Inc. in March 2021. Latham Group, Inc. was incorporated in 2018 and is headquartered in Latham, New York.