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What Does This Latest Acquisition Mean for Latham Group (SWIM)
Yahoo Finance· 2026-03-26 05:55
Group 1 - Latham Group Inc. (NASDAQ:SWIM) is recognized as one of the 12 most promising small-cap industrial stocks under $30 [1] - The company announced the acquisition of Freedom Pools for approximately $17 million, which was finalized in late February [1] - This acquisition is expected to increase Latham's topline by around $20 million and adjusted EBITDA by roughly $4 million [2] Group 2 - Barclays analyst Matthew Bouley raised the price target for Latham Group from $7 to $8, indicating an adjusted upside potential of over 44% [3] - The company's 2026 projections are ahead of consensus forecasts, with an expanding EBITDA margin attributed to lean manufacturing and value engineering [3] - Latham Group designs in-ground swimming pools and offers safety and seasonal pool covers and liners, marketing through various brands [3]