Streetbeat News

SWIM

Latham Group, Inc.

https://www.lathampool.com

Industry

Construction

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, pool covers, and pool liners. The company was formerly known as Latham Topco, Inc. and changed its name to Latham Group, Inc. in March 2021. Latham Group, Inc. was incorporated in 2018 and is headquartered in Latham, New York.

Open

5.64

Mkt cap

682M

Volume

126K

High

5.90

P/E Ratio

59.00

52-wk high

7.33

Low

5.45

Div yield

N/A

52-wk low

2.11

Consumer discretionary stocks are rising due to strong July New Home Sales data and positive economic outlook from Fed Chair Powell, hinting at future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:49 pm

Shares of companies within the broader consumer discretionary sector are trading higher following strong economic data that helps ease recession concerns.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 5:46 pm

Barclays analyst Matthew Bouley maintains an Equal-Weight rating on Latham Group (NASDAQ:SWIM) and raises the price target from $3 to $6.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:22 pm

Baird analyst Timothy Wojs maintains an Outperform rating on Latham Group (NASDAQ:SWIM) and raises the price target from $5 to $5.5.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 3:33 pm

U.S. stocks saw significant gains on Wednesday, with the Dow Jones index rising over 400 points. Shopify led the charge with a 24.6% increase after reporting better-than-expected Q2 earnings. Other notable gainers included PetIQ, Upstart Holdings, Latham Group, Lumen Technologies, Veracyte, Rayonier Advanced Materials, Angi, Inspire Medical Systems, Fortinet, Axon Enterprise, Aspen Technology, Sunrun, Dynatrace, Champion Homes, V.F. Corporation, Rapid7, Illumina, Global Payments, MongoDB, and Snowflake.

Portfolio Pulse from Avi Kapoor

August 07, 2024 | 3:05 pm

Latham Group shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 revenue guidance above estimates. Additionally, the company announced an acquisition of Coverstar Central.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:53 am

Fortinet shares surged 17% in pre-market trading after reporting better-than-expected Q2 results and issuing strong guidance. Other notable pre-market movers include Richtech Robotics, Lumen Technologies, and Upstart Holdings, among others.

Portfolio Pulse from Avi Kapoor

August 07, 2024 | 10:04 am

Latham Group, Inc. (SWIM) has projected its FY24 net sales to be in the range of $490 million to $520 million, compared to the market estimate of $509 million.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:33 pm

Latham Group shares are trading higher following better-than-expected Q2 financial results and an upward revision of FY24 revenue guidance. The company also announced the acquisition of Coverstar Central.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:05 pm

Latham Group has raised its FY24 revenue guidance from $490M-$520M to $495M-$525M, surpassing the $509.78M estimate. The company attributes this to improved cost structure, productivity gains, and reduced working capital needs. The updated guidance also reflects contributions from the Coverstar Central acquisition. Adjusted EBITDA guidance has been increased by $15 million, with $12 million from organic growth and $3 million from the acquisition.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:58 pm

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