Latham Group - SWIM Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Latham Group in the last twelve months. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SWIM shares.
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6 brokers have issued twelve-month price targets for Latham Group's stock. Their SWIM share price forecasts range from $3.50 to $10.00. On average, they predict the company's stock price to reach $6.36 in the next year. This suggests a possible upside of 82.7% from the stock's current price.
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Latham Group's stock was trading at $25.03 on January 1st, 2022. Since then, SWIM shares have decreased by 86.1% and is now trading at $3.48.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 9th 2023.
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Latham Group, Inc. (NASDAQ:SWIM) announced its earnings results on Thursday, November, 10th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by $0.07. The firm earned $189.40 million during the quarter, compared to the consensus estimate of $191.85 million. Latham Group had a trailing twelve-month return on equity of 2.67% and a net margin of 1.01%.

Latham Group updated its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $685.00 million-$700.00 million, compared to the consensus revenue estimate of $761.33 million.

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

Latham Group trades on the NASDAQ under the ticker symbol "SWIM."

Latham Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (5.30%), Vanguard Group Inc. (2.99%), BlackRock Inc. (2.17%), Citadel Advisors LLC (1.59%), Russell Investments Group Ltd. (1.32%) and River Road Asset Management LLC (1.16%). Insiders that own company stock include J Mark Borseth, James E Cline, Jason A Duva, Jeff Arnold Leake, Joel Richard Culp, Mark Phillip Laven and Scott Michael Rajeski.
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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.
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One share of SWIM stock can currently be purchased for approximately $3.48.

Latham Group (NASDAQ:SWIM) has a market capitalization of $407.58 million and generates $630.46 million in revenue each year. The company earns $-62,350,000.00 in net income (profit) each year or $0.07 on an earnings per share basis.

The company employs 2,388 workers across the globe.

The official website for the company is www.lathampool.com. The company can be reached via phone at 800-833-3800 or via email at latham@edelman.com.