Latham Group (SWIM) Stock Price, News & Analysis

Company Overview

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. The company was formerly known as Latham Topco, Inc. and changed its name to Latham Group, Inc. in March 2021. Latham Group, Inc. was founded in 1956 and is headquartered in Latham, New York.

Key Stats

• Today's Range: $5.84 to $6.30
• 50-Day Range: $5.42 to $7.17
• 52-Week Range: $2.11 to $7.33
• Volume: 298,947 shs
• Average Volume: 442,206 shs
• Market Capitalization: $726.09 million
• P/E Ratio: 69.79
• Dividend Yield: N/A
• Price Target: $5.62
• Consensus Rating: Hold

Latham Group Stock Analysis - MarketRank™

Latham Group scored higher than 26% of companies evaluated by MarketBeat, and ranked 90th out of 100 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Latham Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 1 hold rating, and 2 sell ratings.

Amount of Analyst Coverage

Latham Group has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Latham Group are expected to grow in the coming year, from ($0.04) to $0.02 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Latham Group is 68.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.15.

Price to Earnings Ratio vs. Sector

The P/E ratio of Latham Group is 68.79, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 27.52.

Price to Book Value per Share Ratio

Latham Group has a P/B Ratio of 1.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.61% of the float of Latham Group has been sold short.

Short Interest Ratio / Days to Cover

Latham Group has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Latham Group has recently increased by 21.43%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Latham Group does not currently pay a dividend.

Dividend Growth

Latham Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.61% of the float of Latham Group has been sold short.

Short Interest Ratio / Days to Cover

Latham Group has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Latham Group has recently increased by 21.43%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.93

News Sentiment

Latham Group has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.83 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Latham Group this week, compared to 3 articles on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Latham Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $304,182.00 in company stock.

Percentage Held by Insiders

Only 8.60% of the stock of Latham Group is held by insiders.

Percentage Held by Institutions

83.95% of the stock of Latham Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SWIM Stock Analysis - Frequently Asked Questions

How have SWIM shares performed this year?

Latham Group's stock was trading at $2.63 at the beginning of 2024. Since then, SWIM shares have increased by 135.4% and is now trading at $6.19.
View the best growth stocks for 2024 here.

How were Latham Group's earnings last quarter?

Latham Group, Inc. (NASDAQ:SWIM) issued its quarterly earnings data on Tuesday, March, 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.08. The company's revenue was down 15.8% on a year-over-year basis.

When did Latham Group IPO?

Latham Group (SWIM) raised $400 million in an initial public offering (IPO) 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.

Who are Latham Group's major shareholders?

Latham Group's top institutional investors include Victory Capital Management Inc. (2.15%), Geode Capital Management LLC (0.84%), Advantage Alpha Capital Partners LP (0.80%) and State Street Corp (0.68%). Insiders that own company stock include J Mark Borseth, Scott Michael Rajeski, Melissa Claire Feck, Mark Phillip Laven, Oliver C Gloe, Patrick M Sheller, Sanjeev Bahl, Kaushal Bhikhesh Dhruv, Joshua D Cowley, James E Cline and Suraj Kunchala.
View institutional ownership trends.

How do I buy shares of Latham Group?

Shares of SWIM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Latham Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Latham Group investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Netflix (NFLX), Tesla (TSLA), Chevron (CVX) and JPMorgan Chase & Co. (JPM).

Company Calendar

• Last Earnings: 3/12/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/11/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Construction
• Industry: Plastics products, not elsewhere classified
• Sub-Industry: Rubber And Plastic Products
• Current Symbol: NASDAQ:SWIM
• CUSIP: N/A
• CIK: 1833197
• Web: www.lathampool.com
• Phone: 800-833-3800
• Fax: N/A
• Employees: 1,760
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $5.62
• High Stock Price Target: $7.50
• Low Stock Price Target: $2.60
• Potential Upside/Downside: -10.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.09
• Trailing P/E Ratio: 69.79
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-2,390,000.00
• Net Margins: 2.23%
• Pretax Margin: -0.77%
• Return on Equity: 2.83%
• Return on Assets: 1.37%

Debt

• Debt-to-Equity Ratio: 0.67
• Current Ratio: 2.44
• Quick Ratio: 1.60

Sales & Book Value

• Annual Sales: $566.49 million
• Price / Sales: 1.28
• Cash Flow: $0.38 per share
• Price / Cash Flow: 16.46
• Book Value: $3.60 per share
• Price / Book: 1.74

Miscellaneous

• Outstanding Shares: 115,620,000
• Free Float: 105,681,000
• Market Cap: $726.09 million
• Optionable: Optionable
• Beta: 1.88