Latham Group (NASDAQ:SWIM – Get Free Report) was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating in a research report issued on Thursday, Marketbeat.com reports.
Other equities analysts have also recently issued research reports about the stock. Zacks Research upgraded shares of Latham Group from a “strong sell” rating to a “hold” rating in a research note on Friday, September 4th. Weiss Ratings raised shares of Latham Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. Finally, Barclays increased their price target 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. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $7.83.
Get Our Latest Research Report on SWIM
Latham Group Stock Performance
Latham Group (NASDAQ:SWIM – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05). Latham Group had a return on equity of 1.31% and a net margin of 0.92%.The firm had revenue of $197.47 million during the quarter, compared to the consensus estimate of $188.39 million. Sell-side analysts forecast that Latham Group will post 0.16 EPS for the current year.
Institutional Investors Weigh In On Latham Group
Several large investors have recently made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of Latham Group by 24.0% during the 2nd quarter. Wellington Management Group LLP now owns 11,364,049 shares of the company’s stock worth $73,525,000 after purchasing an additional 2,201,843 shares in the last quarter. BlackRock Inc. acquired a new position in Latham Group in the second quarter valued at about $23,532,000. Dimensional Fund Advisors LP grew its stake in Latham Group by 16.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,370,146 shares of the company’s stock worth $18,096,000 after buying an additional 470,123 shares during the last quarter. Formula Growth Ltd. bought a new stake in Latham Group during the second quarter worth about $8,897,000. Finally, Emerald Advisers LLC increased its holdings in shares of Latham Group by 3.2% during the first quarter. Emerald Advisers LLC now owns 1,006,795 shares of the company’s stock worth $5,406,000 after buying an additional 31,091 shares in the last quarter. Institutional investors own 83.95% of the company’s stock.
About Latham Group
Latham Group, Inc is a manufacturer and marketer of residential swimming pool products. The company focuses primarily on the in-ground pool market and supplies products used in the construction, renovation and maintenance of swimming pools.
Its product portfolio includes fiberglass pool shells, vinyl pool liners, automatic safety covers and related pool components and accessories. Latham sells its products through a network of dealers, builders and distributors, serving both new pool construction and replacement and remodeling demand.
The company serves customers primarily in North America, with operations and sales activities in the United States and Canada, as well as in Australia and New Zealand.
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