Hayward Holdings, Inc. (NYSE: HAYW)

This lawsuit is for anyone who acquired securities in Hayward Holdings, Inc. (NYSE: HAYW) from March 2, 2022 through July 27, 2022.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, that the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company engaged in channel stuffing to “cook” the books.

On July 28, 2022, Hayward disclosed that it was expecting its channel partners to reduce its inventory on hand by approximately 4 to 6 weeks in the second half of 2022. As a result, the Company updated its full year 2022 outlook expecting net sales to decline between 2% and 6% year-over-year, compared to prior guidance expecting net sales growth between 9% and 12% year-over-year. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Hayward Holdings, Inc. (NYSE: HAYW) from March 2, 2022 through July 27, 2022 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.