Latham Group, Inc. (NASDAQ:SWIM) Receives $5.76 Consensus Target Price from Analysts

Latham Group, Inc. (NASDAQ:SWIM) has earned an average rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $6.65.

SWIM has been the topic of several recent analyst reports. Robert W. Baird lifted their price target on Latham Group from $5.50 to $7.50 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Stifel Nicolaus lifted their target price on Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a research report on Wednesday. Craig Hallum initiated coverage on shares of Latham Group in a report on Monday, December 9th. They issued a “buy” rating and a $10.00 target price for the company. Finally, The Goldman Sachs Group lifted their price target on shares of Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a report on Wednesday, November 6th.

Latham Group Stock Performance

NASDAQ SWIM opened at $7.53 on Monday. Latham Group has a 1 year low of $2.11 and a 1 year high of $8.41. The firm has a market capitalization of $870.62 million, a price-to-earnings ratio of 83.68 and a beta of 1.84. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. The firm’s 50 day simple moving average is $6.59 and its 200 day simple moving average is $5.30.

Insider Activity at Latham Group

In other Latham Group news, CEO Scott Michael Rajeski sold 22,191 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total value of $185,072.94. Following the sale, the chief executive officer now owns 480,829 shares in the company, valued at approximately $4,010,113.86. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Sanjeev Bahl sold 11,750 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $5.90, for a total value of $69,325.00. Following the transaction, the chief operating officer now owns 262,811 shares of the company’s stock, valued at $1,550,584.90. This trade represents a 4.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,157 shares of company stock worth $320,189 in the last quarter. 8.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Latham Group

Large investors have recently modified their holdings of the company. Franklin Resources Inc. acquired a new stake in Latham Group during the third quarter worth approximately $438,000. Barclays PLC grew its position in shares of Latham Group by 294.8% during the 3rd quarter. Barclays PLC now owns 54,720 shares of the company’s stock worth $372,000 after buying an additional 40,860 shares during the period. Geode Capital Management LLC grew its position in shares of Latham Group by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 971,731 shares of the company’s stock worth $6,609,000 after buying an additional 20,209 shares during the period. XTX Topco Ltd bought a new stake in shares of Latham Group in the 3rd quarter valued at $382,000. Finally, Zacks Investment Management lifted its position in shares of Latham Group by 69.2% during the 3rd quarter. Zacks Investment Management now owns 25,523 shares of the company’s stock valued at $174,000 after acquiring an additional 10,436 shares during the period. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Latham Group Company Profile

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 that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names.