San Diego, CA -- (SBWIRE) -- 08/14/2023 -- An investor, who purchased NYSE: HAYW shares, filed a lawsuit against Hayward Holdings, Inc over alleged violations of Federal Securities Laws.

If you purchased a significant amount of shares of Hayward Holdings, Inc. (NYSE: HAYW) between March 2, 2022 and July 27, 2022, and / or if you purchased any NYSE: HAYW shares prior to March 2022 and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: October 2, 2023. NYSE: HAYW investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Charlotte. NC based Hayward Holdings, Inc. designs, manufactures, and markets a portfolio of pool equipment and associated automation systems in North America, Europe, and internationally. On July 28, 2022, Hayward Holdings, Inc. announced, 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. Consequently, the company revised its full-year 2022 outlook, anticipating a decline in net sales between 2% and 6% year-over-year, in contrast to its earlier forecast of net sales growth between 9% and 12% year-over-year. Shares of Hayward Holdings, Inc. (NYSE: HAYW) declined to as low as $8.30 per share on October 13, 2022.

The plaintiff claims that between March 2, 2022 and July 27, 2022, the defendants made false and/or misleading statements and/or failed to disclose that Hayward Holdings and its management had engaged in a channel-stuffing scheme designed to artificially boost Hayward Holdings' short-term sales and earnings, that Hayward Holdings had flooded its channel partners with inventory that they did not want or need at a level that far outpaced then-existing consumer demand, that Hayward Holdings' channel partners were suffering from an inventory glut as a result of the channel-stuffing scheme that would require a massive de-stocking in the second half of 2022, that Hayward Holdings' channel-stuffing scheme had cannibalized future sales, materially impairing Hayward Holdings' ability to sell to its customers, that the demand for pool equipment had slowed down, which, combined with flooding channel partners with more inventory, led to an inventory glut and the need for these channel partners to reduce inventory levels, and that as a result of the above, Hayward Holdings' projected 2022 financial results were not achievable and lacked a reasonable basis in fact.

Those who purchased shares of Hayward Holdings, Inc. (NYSE: HAYW) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.