Brokerages Set Latham Group, Inc. (NASDAQ:SWIM) Target Price at $6.65

Latham Group, Inc. (NASDAQ:SWIM) has earned an average rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $6.65.

SWIM has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price target on Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a report on Wednesday, December 11th. Robert W. Baird boosted their price objective 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. The Goldman Sachs Group increased their target price on shares of Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Finally, Craig Hallum assumed coverage on shares of Latham Group in a research report on Monday, December 9th. They issued a “buy” rating and a $10.00 price target for the company.

Latham Group Stock Up 0.3 %

Shares of NASDAQ SWIM opened at $7.48 on Tuesday. The business has a 50-day moving average of $6.93 and a two-hundred day moving average of $6.14. The company has a market capitalization of $864.84 million, a price-to-earnings ratio of 83.12, a price-to-earnings-growth ratio of 387.01 and a beta of 1.80. Latham Group has a 1 year low of $2.31 and a 1 year high of $8.41. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60.

Insider Activity

In other Latham Group news, CEO Scott Michael Rajeski sold 22,191 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.34, for a total value of $185,072.94. Following the transaction, the chief executive officer now directly owns 480,829 shares of the company’s stock, valued at approximately $4,010,113.86. The trade was a 4.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Sanjeev Bahl sold 11,750 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $5.90, for a total transaction of $69,325.00. Following the transaction, the chief operating officer now owns 262,811 shares of the company’s stock, valued at approximately $1,550,584.90. The trade was a 4.28 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new position in Latham Group during the 3rd quarter worth approximately $697,000. Barclays PLC boosted its stake in shares of Latham Group by 294.8% in the third quarter. Barclays PLC now owns 54,720 shares of the company’s stock valued at $372,000 after buying an additional 40,860 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in Latham Group in the third quarter worth $635,000. Geode Capital Management LLC lifted its holdings in 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 acquiring an additional 20,209 shares during the period. Finally, Roubaix Capital LLC boosted its position in shares of 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 in the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

About Latham Group

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.