Shares of Latham Group, Inc. (NASDAQ:SWIM – Get Free Report) reached a new 52-week high during trading on Wednesday after Robert W. Baird raised their price target on the stock from $5.00 to $5.50. Robert W. Baird currently has an outperform rating on the stock. Latham Group traded as high as $4.87 and last traded at $4.49, with a volume of 8421586 shares traded. The stock had previously closed at $3.11.
Separately, Barclays decreased their price target on shares of Latham Group from $4.00 to $3.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th.
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Hedge Funds Weigh In On Latham Group
Latham Group Trading Up 45.3 %
The company has a current ratio of 3.12, a quick ratio of 1.78 and a debt-to-equity ratio of 0.71. The business’s 50-day moving average is $3.35 and its two-hundred day moving average is $3.24. The firm has a market cap of $522.38 million, a P/E ratio of 150.67 and a beta of 1.76.
Latham Group (NASDAQ:SWIM – Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.08. The business had revenue of $110.63 million during the quarter, compared to the consensus estimate of $101.40 million. Latham Group had a net margin of 0.76% and a return on equity of 1.05%. As a group, analysts expect that Latham Group, Inc. will post -0.15 earnings per share for the current fiscal year.
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.
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