Latham Group, Inc. (SWIM) - What Are Brokerages Saying About This Stock?

Key Points

• Analysts are broadly cautious: Latham Group has a consensus “Reduce” rating from seven brokerages—two sell, four hold and one buy—with an average 12-month price target of $7.83.
• Recent rating moves were mixed: William Blair downgraded the stock to “market perform,” while Zacks Research upgraded it to “hold”; Barclays raised its price target to $8 and maintained an “equal weight” rating.
• Institutional investors own 83.95% of the shares, and several increased or initiated positions recently, including Wellington Management, which raised its stake by 24%.

Latham Group, Inc. (NASDAQ:SWIM - Get Free Report) has been given a consensus rating of "Reduce" by the seven brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $7.83.

A number of equities research analysts have recently commented on the company. William Blair cut Latham Group from an "outperform" rating to a "market perform" rating in a research note on Thursday, October 8th. Zacks Research upgraded shares of Latham Group from a "strong sell" rating to a "hold" rating in a research report on Monday. The Goldman Sachs Group restated a "sell" rating on shares of Latham Group in a report on Monday, October 12th. Barclays lifted their price objective on shares of Latham Group from $7.00 to $8.00 and gave the stock an "equal weight" rating in a research report on Monday, August 10th. Finally, Weiss Ratings lowered shares of Latham Group from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday.

Institutional Investors Weigh In On Latham Group

Several large investors have recently modified their holdings of SWIM. Squarepoint Ops LLC raised its holdings in shares of Latham Group by 68.7% in the 2nd quarter. Squarepoint Ops LLC now owns 574,790 shares of the company's stock worth $3,719,000 after purchasing an additional 234,130 shares during the period. Wellington Management Group LLP lifted its stake in Latham Group by 24.0% in the second quarter. Wellington Management Group LLP now owns 11,364,049 shares of the company's stock valued at $73,525,000 after purchasing an additional 2,201,843 shares during the last quarter. Polar Asset Management Partners Inc. bought a new position in Latham Group during the second quarter valued at $3,615,000. Arrowstreet Capital Limited Partnership grew its holdings in Latham Group by 293.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 431,239 shares of the company's stock valued at $2,316,000 after purchasing an additional 321,577 shares during the period. Finally, Formula Growth Ltd. bought a new position in Latham Group during the second quarter valued at $8,897,000. Hedge funds and other institutional investors own 83.95% of the company's stock.

Latham Group Stock Up 1.6%

Shares of NASDAQ:SWIM opened at $8.41 on Thursday. The company has a market capitalization of $990.29 million, a PE ratio of 105.12, a price-to-earnings-growth ratio of 1.21 and a beta of 1.71. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.38 and a quick ratio of 1.63. The business has a fifty day moving average price of $6.68 and a two-hundred day moving average price of $6.23. Latham Group has a 1 year low of $4.64 and a 1 year high of $8.97.

Latham Group Company Profile

Latham Group, Inc. designs, manufactures and markets in-ground swimming pools and related products for residential use. Its offerings include fiberglass pools, vinyl pool liners and automatic safety covers. The company serves customers primarily in North America, as well as in Australia and New Zealand. Its business builds on the history of Latham Pool Products, which dates to 1956.

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