Latham Group Inc. (NASDAQ:SWIM) shares traded 4.38% higher at $4.05 on Wall Street last session.
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 $3.88, this indicates a potential upside of 28.87 percent. SWIM stock price is now 11.11% away from the 50-day moving average and -19.73% away from the 200-day moving average. The market capitalization of the company currently stands at $440.40M.
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Brokers who have rated the stock have averaged $4.64 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, Bahl Sanjeev, COO LATHAM GROUP, INC. sold 3,653 shares of the company’s stock on Jan 24. The stock was sold for $13,078 at an average price of $3.58. Upon completion of the transaction, the COO LATHAM GROUP, INC. now directly owns 27,211 shares in the company, valued at $0.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21, Director Laven Mark Phillip bought 7,500 shares of the business’s stock. A total of $22,385 was incurred on buying the stock at an average price of $2.98. This leaves the insider owning 402,206 shares of the company worth $1.63 million. Insiders disposed of 25,934,959 shares of company stock worth roughly $105.04 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 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC during the first quarter worth $5,054,000. VOSS CAPITAL, LLC invested $3,622,000 in shares of SWIM during the first quarter. In the first quarter, ALPHACREST CAPITAL MANAGEMENT LLC acquired a new stake in Latham Group Inc. valued at approximately $804,000. TWO SIGMA INVESTMENTS, LP acquired a new stake in SWIM for approximately $720,000. WALLEYE CAPITAL LLC purchased a new stake in SWIM valued at around $360,000 in the second quarter. In total, there are 187 active investors with 87.50% ownership of the company’s stock.
Latham Group Inc. (NASDAQ: SWIM) opened at $3.8600 on Wednesday. During the past 12 months, Latham Group Inc. has had a low of $2.75 and a high of $17.50. 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 $3.6449 and a two-hundred day moving average price translates $5.0454 for the stock.
The latest earnings results from Latham Group Inc. (NASDAQ: SWIM) was released for Sep, 2022. According to the Building Products & Equipment Company, earnings per share came in at $0.25, beating analysts’ expectations of $0.17 by 0.08. This compares to -$0.04 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 $107.92 million for the quarter, compared to $138.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -22.28 percent. For the current quarter, analysts expect SWIM to generate $103.02M 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.
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