Latham Group, Inc. (NASDAQ:SWIM) Receives $6.65 Consensus PT from Analysts

Latham Group, Inc. (NASDAQ:SWIM) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $6.65.

SWIM has been the topic of a number of research reports. The Goldman Sachs Group boosted their price objective on shares of Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Robert W. Baird boosted their price target on shares of Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Stifel Nicolaus raised their price objective on Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Craig Hallum started coverage on Latham Group in a report on Monday, December 9th. They set a “buy” rating and a $10.00 target price on the stock.

Latham Group Trading Up 0.8 %

NASDAQ SWIM opened at $6.57 on Friday. Latham Group has a 52 week low of $2.11 and a 52 week high of $8.41. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. The stock’s 50 day moving average price is $6.65 and its two-hundred day moving average price is $5.67. The stock has a market capitalization of $759.66 million, a price-to-earnings ratio of 73.01 and a beta of 1.84.

Insider Activity

In other news, CEO Scott Michael Rajeski sold 22,191 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total value of $185,072.94. Following the completion of the sale, the chief executive officer now directly owns 480,829 shares of the company’s stock, valued at $4,010,113.86. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Sanjeev Bahl sold 11,750 shares of the business’s stock in a transaction that occurred on 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 directly owns 262,811 shares in the company, valued at $1,550,584.90. The trade was 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 valued at $320,189 in the last quarter. Company insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On Latham Group

Several large investors have recently modified their holdings of SWIM. Dimensional Fund Advisors LP grew its stake in Latham Group by 21.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,342,142 shares of the company’s stock valued at $4,067,000 after buying an additional 234,930 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Latham Group by 2.1% in the third quarter. Geode Capital Management LLC now owns 971,731 shares of the company’s stock valued at $6,609,000 after purchasing an additional 20,209 shares during the last quarter. State Street Corp increased its stake in shares of Latham Group by 5.4% during the third quarter. State Street Corp now owns 789,974 shares of the company’s stock worth $5,372,000 after purchasing an additional 40,764 shares during the period. Roubaix Capital LLC lifted its holdings in Latham Group by 70.9% during the 3rd quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock worth $5,178,000 after purchasing an additional 315,889 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Latham Group by 11.2% in the 2nd quarter. Renaissance Technologies LLC now owns 690,856 shares of the company’s stock valued at $2,093,000 after purchasing an additional 69,356 shares during the period. 83.95% of the stock is owned by institutional investors.

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.