Latham Group Inc. (NASDAQ: SWIM) stock fell -3.34% on Friday to $3.47 against a previous-day closing price of $3.59. With 0.59 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.7 million shares. During the session, the Building Products & Equipment company that operates in wider Industrials sector, reached to the highest price of $3.5700 whereas the lowest price it dropped to was $3.2400. The 52-week range on SWIM shows that it touched its highest point at $18.83 and its lowest point at $2.75 during that stretch. It currently has a 1-year price target of $5.67.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SWIM was down-trending over the past week, with a drop of -8.68%, but this was up by 17.63% over a month. Three-month performance dropped to -4.14% while six-month performance fell -42.07%. The stock lost -81.25% in the past year, while it has gained 7.76% so far this year. A look at the trailing 12-month EPS for SWIM yields 0.06 with Next year EPS estimates of 0.22. For the next quarter, that number is -0.07. This implies an EPS growth rate of -524.60% for this year and -55.40% for next year.
Float and Shares Shorts:
At present, 113.17 million SWIM shares are outstanding with a float of 105.78 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.41 million, which was 2.06% higher than short shares on Sep 14, 2022. In addition to Mr. Scott M. Rajeski as the firm’s CEO, Pres & Director, Mr. Joel Richard Culp serves as its Chief Marketing Officer.
Through their ownership of 88.92% of SWIM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 65.26% of SWIM, in contrast to 21.16% held by mutual funds. Shares owned by individuals account for 10.01%. As the largest shareholder in SWIM with 5.30% of the stake, Kayne Anderson Rudnick Investment holds 6,202,545 shares worth 6,202,545. A second-largest stockholder of SWIM, The Vanguard Group, Inc., holds 3,381,064 shares, controlling over 2.89% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in SWIM, holding 2,263,556 shares or 1.93% stake. With a 1.41% stake in SWIM, the Virtus KAR Small Cap Value Fund is the largest stakeholder. A total of 1,654,025 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 0.90% of SWIM stock, is the second-largest Mutual Fund holder. It holds 1,051,361 shares valued at 3.39 million. iShares Russell 2000 ETF holds 0.83% of the stake in SWIM, owning 974,627 shares worth 3.14 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SWIM since 9 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SWIM analysts setting a high price target of $6.00 and a low target of $3.00, the average target price over the next 12 months is $4.75. Based on these targets, SWIM could surge 72.91% to reach the target high and fall by -13.54% to reach the target low. Reaching the average price target will result in a growth of 36.89% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SWIM will report FY 2022 earnings on 03/07/2024. Analysts have provided yearly estimates in a range of $0.57 being high and $0.46 being low. For SWIM, this leads to a yearly average estimate of $0.52. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Latham Group Inc. surprised analysts by -$0.00 when it reported $0.17 EPS against a consensus estimate of $0.17. The surprise factor in the prior quarter was -$0.02. Based on analyst estimates, the high estimate for the next quarter is -$0.06 and the low estimate is -$0.10. The average estimate for the next quarter is thus -$0.08.
Summary of Insider Activity:
Insiders traded SWIM stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 15,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 26,065,169 while 25,940,490 shares were sold.