Shares of Latham Group, Inc. (NASDAQ:SWIM – Get Free Report) were up 4.2% on Monday after Stifel Nicolaus raised their price target on the stock from $6.80 to $7.00. Stifel Nicolaus currently has a buy rating on the stock. Latham Group traded as high as $6.62 and last traded at $6.51. Approximately 95,921 shares changed hands during trading, a decline of 76% from the average daily volume of 399,001 shares. The stock had previously closed at $6.25.
Several other analysts have also recently issued reports on the company. Barclays upped their price objective on Latham Group from $3.00 to $6.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Robert W. Baird raised their price objective on Latham Group from $5.00 to $5.50 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th.
Check Out Our Latest Research Report on Latham Group
Insider Buying and Selling at Latham Group
Hedge Funds Weigh In On Latham Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SWIM. Cubist Systematic Strategies LLC raised its stake in Latham Group by 71.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 27,923 shares of the company’s stock valued at $85,000 after acquiring an additional 11,601 shares in the last quarter. ELCO Management Co. LLC raised its stake in shares of Latham Group by 8.6% during the second quarter. ELCO Management Co. LLC now owns 97,762 shares of the company’s stock valued at $296,000 after purchasing an additional 7,762 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Latham Group by 11.2% in the second quarter. Renaissance Technologies LLC now owns 690,856 shares of the company’s stock worth $2,093,000 after purchasing an additional 69,356 shares during the period. Dimensional Fund Advisors LP grew its position in Latham Group by 21.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,342,142 shares of the company’s stock valued at $4,067,000 after buying an additional 234,930 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Latham Group by 103.7% during the 2nd quarter. American Century Companies Inc. now owns 418,708 shares of the company’s stock valued at $1,269,000 after buying an additional 213,128 shares during the period. 83.95% of the stock is owned by institutional investors.
Latham Group Price Performance
The business’s 50-day simple moving average is $4.76 and its 200 day simple moving average is $3.90. The company has a market capitalization of $743.13 million, a P/E ratio of 214.33 and a beta of 1.87. The company has a current ratio of 3.22, a quick ratio of 2.15 and a debt-to-equity ratio of 0.68.
Latham Group (NASDAQ:SWIM – Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. Latham Group had a return on equity of 2.93% and a net margin of 2.24%. The firm had revenue of $160.12 million during the quarter, compared to the consensus estimate of $156.00 million. As a group, sell-side analysts anticipate that Latham Group, Inc. will post -0.03 EPS for the current year.
Latham Group 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 that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names.
Featured Stories
- Five stocks we like better than Latham Group
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Palo Alto Analysts Drive it to New Highs: 50% Upside Is Possible
- What is a Dividend King?
- Roblox’s Growth Beyond Kids: Stock Set for Major Moves
- Most Volatile Stocks, What Investors Need to Know
- 5 Oversold Stocks to Buy Right Now
Receive News & Ratings for Latham Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Latham Group and related companies with MarketBeat.com's FREE daily email newsletter.