Should I buy or sell Latham Group stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Latham Group in the last year. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" SWIM shares. View SWIM analyst ratings or view top-rated stocks .

What is Latham Group's stock price target for 2024?

4 equities research analysts have issued 1-year price targets for Latham Group's shares. Their SWIM share price targets range from $2.50 to $4.00. On average, they expect the company's stock price to reach $3.13 in the next year. This suggests a possible upside of 26.0% from the stock's current price. View analysts price targets for SWIM or view top-rated stocks among Wall Street analysts .

How have SWIM shares performed in 2023?

Latham Group's stock was trading at $3.22 at the beginning of 2023. Since then, SWIM stock has decreased by 23.0% and is now trading at $2.48. View the best growth stocks for 2023 here .

When is Latham Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 5th 2024. View our SWIM earnings forecast .

How were Latham Group's earnings last quarter?

Latham Group, Inc. (NASDAQ:SWIM) released its earnings results on Tuesday, November, 7th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by $0.06. The business had revenue of $160.80 million for the quarter, compared to the consensus estimate of $163.05 million. Latham Group had a negative net margin of 3.69% and a negative trailing twelve-month return on equity of 5.60%. The firm's revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share.

When did Latham Group IPO?

(SWIM) raised $400 million in an IPO on Friday, April 23rd 2021. The company issued 20,000,000 shares at $19.00-$21.00 per share. Barclays, BofA Securities, Morgan Stanley and Goldman Sachs acted as the underwriters for the IPO and Nomura, William Blair, Baird, KeyBanc Capital Markets and Truist Securities were co-managers.

Who are Latham Group's major shareholders?

Latham Group's stock is owned by many different retail and institutional investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (3.25%), Ameriprise Financial Inc. (1.85%), Victory Capital Management Inc. (1.74%), Fred Alger Management LLC (1.22%), Voss Capital LLC (1.10%) and Natixis Advisors L.P. (0.51%). Insiders that own company stock include J Mark Borseth , James E Cline , Jason A Duva , Jeff Arnold Leake , Joel Richard Culp , Joshua D Cowley, Mark Phillip Laven, Melissa Claire Feck, Patrick M Sheller, Sanjeev Bahl, Scott Michael Rajeski and Suraj Kunchala. View institutional ownership trends .

How do I buy shares of Latham Group?

Shares of SWIM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Latham Group Stock Price, News & Analysis (NASDAQ:SWIM)

$2.48

+0.02 (+0.81%)

(As of 12/8/2023 ET)

Compare

Today's Range: $2.43
▼
$2.52
50-Day Range: $2.11
▼
$2.69
52-Week Range: $2.04
▼
$4.77

Volume: 134,157 shs
Average Volume: 284,511 shs
Market Capitalization: $284.60 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.13

Latham Group MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.75 Rating Score
Upside/Downside: 26.0% Upside
$3.13 Price Target
Short Interest: Healthy
3.37% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Decreasing
From ($0.13) to ($0.14) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.54 out of 5 stars

Construction Sector

87th out of 95 stocks

Plastics Products, Not Elsewhere Classified Industry

10th out of 10 stocks

2.9

Analyst's Opinion

Consensus Rating
Latham Group has received a consensus rating of Reduce. The company's average rating score is 1.75, and is based on no buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $3.13, Latham Group has a forecasted upside of 26.0% from its current price of $2.48.
Amount of Analyst Coverage
Latham Group has only been the subject of 2 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.37% of the float of Latham Group has been sold short.
Short Interest Ratio / Days to Cover
Latham Group has a short interest ratio ("days to cover") of 4.
Change versus previous month
Short interest in Latham Group has recently decreased by 7.41%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Latham Group does not currently pay a dividend.
Dividend Growth
Latham Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SWIM.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Latham Group this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added Latham Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Latham Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 8.60% of the stock of Latham Group is held by insiders.
Percentage Held by Institutions
Only 28.79% of the stock of Latham Group is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Latham Group are expected to decrease in the coming year, from ($0.13) to ($0.14) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Latham Group is -12.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Latham Group is -12.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Latham Group has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Latham Group Stock (NASDAQ:SWIM)

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, and GLI brand names. The company was formerly known as Latham Topco, Inc. and changed its name to Latham Group, Inc. in March 2021. Latham Group, Inc. was founded in 1956 and is headquartered in Latham, New York.

SWIM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SWIM Stock News Headlines

December 5, 2023 | morningstar.com

Latham Group Inc SWIM

November 23, 2023 | seekingalpha.com

Latham Group: Still Not A Buy

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November 20, 2023 | finance.yahoo.com

Why Latham Group, Inc. (NASDAQ:SWIM) Could Be Worth Watching

November 13, 2023 | finance.yahoo.com

Latham Group, Inc. (NASDAQ:SWIM) Q3 2023 Earnings Call Transcript

November 13, 2023 | finance.yahoo.com

Latham Group, Inc. Appoints AdvisIRy Partners as its Investor Relations and Communications Firm

November 9, 2023 | markets.businessinsider.com

Analysts Are Bullish on These Industrial Goods Stocks: Latham Group (SWIM), Albany International (AIN)

November 8, 2023 | finance.yahoo.com

Q3 2023 Latham Group Inc Earnings Call

December 10, 2023 | DTI Trader (Ad)

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November 7, 2023 | finance.yahoo.com

Latham Group Inc (SWIM) Reports 15.1% Decrease in Q3 Net Sales, Adjusted EBITDA Margin Improves

November 7, 2023 | finance.yahoo.com

Latham Group, Inc. Reports Third Quarter Fiscal 2023 Financial Results

November 1, 2023 | finance.yahoo.com

Latham Group, Inc. Releases Second Annual Environmental, Social and Governance Report

November 1, 2023 | finance.yahoo.com

Latham Group, Inc to Present at the Baird 2023 Global Industrial Conference

October 24, 2023 | marketwatch.com

Latham Group Names Oliver Gloe Chief Financial Officer

October 24, 2023 | finance.yahoo.com

Latham Group, Inc. Appoints Oliver Gloe as Chief Financial Officer, effective November 13, 2023

October 17, 2023 | finance.yahoo.com

Latham Group, Inc. Announces Third Quarter Fiscal 2023 Earnings Release and Conference Call Date

October 11, 2023 | finance.yahoo.com

PGT (PGTI) Moves 22.0% Higher: Will This Strength Last?

October 8, 2023 | finance.yahoo.com

3 of the Top Franchise Stocks to Buy Now: 2023 Edition Top Franchise Stocks

August 22, 2023 | finance.yahoo.com

Insider Buying: CEO Scott Rajeski Acquires 12,000 Shares of Latham Group Inc (SWIM)

August 9, 2023 | finance.yahoo.com

Q2 2023 Latham Group Inc Earnings Call

August 8, 2023 | finance.yahoo.com

Latham Group (SWIM) Q2 Earnings Miss Estimates

August 8, 2023 | finanznachrichten.de

Latham Pool Products: Latham Group, Inc. Reports Second Quarter Fiscal 2023 Financial Results

August 8, 2023 | finance.yahoo.com

Latham Group, Inc. Reports Second Quarter Fiscal 2023 Financial Results

August 3, 2023 | finance.yahoo.com

PGT (PGTI) Q2 Earnings Meet Estimates

July 27, 2023 | finance.yahoo.com

Latham Group (NASDAQ:SWIM) May Have Issues Allocating Its Capital

July 18, 2023 | finance.yahoo.com

Latham Group, Inc. Announces Second Quarter Fiscal 2023 Earnings Release and Conference Call Date

June 17, 2023 | fool.com

Latham Group (NASDAQ: SWIM)

See More Headlines

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Company Calendar

Last Earnings: 11/07/2023
Today: 12/09/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 3/05/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Plastics products, not elsewhere classified
Sub-Industry: N/A
Sector: Construction
Current Symbol: NASDAQ:SWIM
CUSIP: N/A
CIK: 1833197
Web: www.lathampool.com
Phone: 800-833-3800
Fax: N/A
Employees: 2,198
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $3.13
High Stock Price Target: $4.00
Low Stock Price Target: $2.50
Potential Upside/Downside: +26.0%
Consensus Rating: Reduce
Rating Score (0-4): 1.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.20)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-5,690,000.00
Net Margins: -3.69%
Pretax Margin: -3.23%
Return on Equity: -5.60%
Return on Assets: -2.44%

Debt

Debt-to-Equity Ratio: 0.76
Current Ratio: 3.03
Quick Ratio: 1.84

Sales & Book Value

Annual Sales: $695.74 million
Price / Sales: 0.41
Cash Flow: $0.39 per share
Price / Cash Flow: 6.29
Book Value: $3.27 per share
Price / Book: 0.76

Miscellaneous

Outstanding Shares: 114,760,000
Free Float: 104,887,000
Market Cap: $284.60 million
Optionable: Not Optionable
Beta: 1.29

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Key Executives

Mr. Scott M. Rajeski (Age 56)
CEO, President & Director
Comp: $537.7k
Mr. Sanjeev Bahl (Age 52)
Chief Operating Officer
Comp: $364.81k
Mr. Oliver Carsten Gloe (Age 48)
Chief Financial Officer
Mr. Kaushal B. Dhruv (Age 47)
Chief Information Officer
Mr. Patrick M. Sheller (Age 61)
General Counsel & Secretary
Ms. Melissa C. Feck (Age 51)
Chief Human Resources Officer
Mr. Joshua D. Cowley (Age 46)
Chief Commercial Officer
Mr. Suraj Kunchala (Age 47)
VP & Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SWIM Stock Analysis - Frequently Asked Questions

Should I buy or sell Latham Group stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Latham Group in the last year. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" SWIM shares.
View SWIM analyst ratings or view top-rated stocks.
What is Latham Group's stock price target for 2024?: 4 equities research analysts have issued 1-year price targets for Latham Group's shares. Their SWIM share price targets range from $2.50 to $4.00. On average, they expect the company's stock price to reach $3.13 in the next year. This suggests a possible upside of 26.0% from the stock's current price.
View analysts price targets for SWIM or view top-rated stocks among Wall Street analysts.
How have SWIM shares performed in 2023?: Latham Group's stock was trading at $3.22 at the beginning of 2023. Since then, SWIM stock has decreased by 23.0% and is now trading at $2.48.
View the best growth stocks for 2023 here.
When is Latham Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 5th 2024.
View our SWIM earnings forecast.

How were Latham Group's earnings last quarter?: Latham Group, Inc. (NASDAQ:SWIM) released its earnings results on Tuesday, November, 7th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by $0.06. The business had revenue of $160.80 million for the quarter, compared to the consensus estimate of $163.05 million. Latham Group had a negative net margin of 3.69% and a negative trailing twelve-month return on equity of 5.60%. The firm's revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share.
When did Latham Group IPO?: (SWIM) raised $400 million in an IPO on Friday, April 23rd 2021. The company issued 20,000,000 shares at $19.00-$21.00 per share. Barclays, BofA Securities, Morgan Stanley and Goldman Sachs acted as the underwriters for the IPO and Nomura, William Blair, Baird, KeyBanc Capital Markets and Truist Securities were co-managers.
Who are Latham Group's major shareholders?: Latham Group's stock is owned by many different retail and institutional investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (3.25%), Ameriprise Financial Inc. (1.85%), Victory Capital Management Inc. (1.74%), Fred Alger Management LLC (1.22%), Voss Capital LLC (1.10%) and Natixis Advisors L.P. (0.51%). Insiders that own company stock include J Mark Borseth, James E Cline, Jason A Duva, Jeff Arnold Leake, Joel Richard Culp, Joshua D Cowley, Mark Phillip Laven, Melissa Claire Feck, Patrick M Sheller, Sanjeev Bahl, Scott Michael Rajeski and Suraj Kunchala.
View institutional ownership trends.
How do I buy shares of Latham Group?: Shares of SWIM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:SWIM) was last updated on 12/10/2023 by MarketBeat.com Staff

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