William Blair Lowers Earnings Estimates for Latham Group

Latham Group, Inc. (NASDAQ:SWIM) – Equities research analysts at William Blair cut their Q1 2025 earnings per share (EPS) estimates for Latham Group in a research report issued to clients and investors on Wednesday, March 5th. William Blair analyst R. Merkel now forecasts that the company will earn ($0.06) per share for the quarter, down from their prior estimate of ($0.05). The consensus estimate for Latham Group’s current full-year earnings is ($0.04) per share. William Blair also issued estimates for Latham Group’s Q2 2025 earnings at $0.12 EPS, Q3 2025 earnings at $0.08 EPS, FY2025 earnings at $0.03 EPS and FY2026 earnings at $0.14 EPS.

A number of other analysts have also weighed in on the company. Craig Hallum initiated coverage on Latham Group in a research note on Monday, December 9th. They set a “buy” rating and a $10.00 price objective for the company. Stifel Nicolaus increased their price objective on Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.65.

Latham Group Stock Performance

NASDAQ:SWIM opened at $7.33 on Monday. The firm has a market cap of $847.53 million, a PE ratio of 81.45 and a beta of 1.84. Latham Group has a fifty-two week low of $2.38 and a fifty-two week high of $8.41. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. The business has a 50 day moving average price of $6.72 and a 200-day moving average price of $6.61.

Hedge Funds Weigh In On Latham Group

Institutional investors have recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in Latham Group in the fourth quarter worth $33,000. BNP Paribas Financial Markets bought a new position in Latham Group in the fourth quarter worth $42,000. FMR LLC raised its holdings in Latham Group by 75.9% in the third quarter. FMR LLC now owns 7,239 shares of the company’s stock worth $49,000 after purchasing an additional 3,123 shares in the last quarter. Quarry LP bought a new position in Latham Group in the third quarter worth $53,000. Finally, Quadrature Capital Ltd bought a new position in Latham Group in the third quarter worth $72,000. Institutional investors own 83.95% of the company’s stock.

Insider Buying and Selling

In other Latham Group news, CEO Scott Michael Rajeski sold 22,191 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total value of $185,072.94. Following the completion of the transaction, the chief executive officer now owns 480,829 shares in the company, valued at approximately $4,010,113.86. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.60% of the stock is currently owned by insiders.

About Latham Group

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.