Latham Group (NASDAQ:SWIM – Get Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday, Zacks reports.
Several other equities analysts have also commented on the stock. Barclays increased their price target on shares of Latham Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. William Blair cut shares of Latham Group from an “outperform” rating to a “market perform” rating in a report on Thursday, October 8th. The Goldman Sachs Group restated a “sell” rating on shares of Latham Group in a research report on Monday, October 12th. Finally, Weiss Ratings cut shares of Latham Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $7.83.
View Our Latest Report on Latham Group
Latham Group Price Performance
Shares of NASDAQ SWIM opened at $8.28 on Monday. The stock’s 50-day simple moving average is $6.65 and its 200-day simple moving average is $6.22. The firm has a market capitalization of $974.97 million, a PE ratio of 103.50, a price-to-earnings-growth ratio of 1.23 and a beta of 1.71. Latham Group has a fifty-two week low of $4.64 and a fifty-two week high of $8.97. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.63 and a current ratio of 2.38.
Hedge Funds Weigh In On Latham Group
Hedge funds have recently made changes to their positions in the company. Modern Wealth Management LLC grew its holdings in shares of Latham Group by 28.3% during the first quarter. Modern Wealth Management LLC now owns 16,814 shares of the company’s stock worth $90,000 after purchasing an additional 3,712 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Latham Group in the 2nd quarter valued at about $72,000. State of Wyoming purchased a new stake in shares of Latham Group in the 2nd quarter valued at about $75,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Latham Group by 52.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,167 shares of the company’s stock valued at $292,000 after purchasing an additional 15,529 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Latham Group in the 2nd quarter valued at about $102,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.
About Latham Group
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.
See Also
- Five stocks we like better than Latham Group
- The Trade Desk Beats on Revenue, But the Fine Print Matters
- Poll Reveals: Which States Are Most Prepared for a Crisis? [2026]
- Why Kinder Morgan’s Chairman Just Bought $15 Million in Stock
- Rocket Lab’s Record Backlog Could Fuel a Rebound, But Neutron Raises the Stakes
Receive News & Ratings for Latham Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Latham Group and related companies with MarketBeat.com's FREE daily email newsletter.
