Latham Group (NASDAQ:SWIM) Issues Earnings Results

Latham Group (NASDAQ:SWIM) released its quarterly earnings results on Tuesday. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.16), Zacks reports. Latham Group had a net margin of 2.23% and a return on equity of 2.83%. Latham Group updated its FY 2025 guidance to EPS.

Latham Group Stock Performance

Shares of NASDAQ:SWIM traded down $0.05 during mid-day trading on Tuesday, reaching $5.46. 785,519 shares of the company traded hands, compared to its average volume of 543,289. The company’s 50 day moving average price is $6.73 and its 200-day moving average price is $6.58. The firm has a market cap of $631.31 million, a PE ratio of 60.67 and a beta of 1.81. Latham Group has a 52 week low of $2.38 and a 52 week high of $8.41. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SWIM. Stifel Nicolaus increased their target price on Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a report on Wednesday, December 11th. Robert W. Baird increased their price objective on shares of Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group raised their price objective on shares of Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Finally, Craig Hallum started coverage on shares of Latham Group in a report on Monday, December 9th. They set a “buy” rating and a $10.00 target price for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $6.65.

Insiders Place Their Bets

In other Latham Group news, CEO Scott Michael Rajeski sold 22,191 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $8.34, for a total value of $185,072.94. Following the completion of the transaction, the chief executive officer now directly owns 480,829 shares in the company, valued at $4,010,113.86. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.60% of the stock is owned by company insiders.

About Latham Group

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, Radiant, and GLI brand names.