Latham Group (NASDAQ:SWIM) Issues Quarterly Earnings Results

Latham Group (NASDAQ:SWIM) issued its quarterly earnings data on Tuesday. The company reported ($0.25) EPS 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 Down 0.9 %

Latham Group stock traded down $0.05 during mid-day trading on Tuesday, hitting $5.46. The company had a trading volume of 785,519 shares, compared to its average volume of 548,454. Latham Group has a 12 month low of $2.38 and a 12 month high of $8.41. The stock’s 50 day moving average price is $6.73 and its two-hundred day moving average price is $6.58. The company has a market capitalization of $631.31 million, a PE ratio of 60.67 and a beta of 1.81. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67.

Insider Buying and Selling at Latham Group

In other Latham Group news, CEO Scott Michael Rajeski sold 22,191 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was 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 owns 480,829 shares of the company’s stock, valued at approximately $4,010,113.86. The trade was a 4.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.60% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.