Latham Group, Inc. (NASDAQ:SWIM) Receives Average Rating of “Hold” from Brokerages

Shares of Latham Group, Inc. (NASDAQ:SWIM) have received an average rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Two 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 price objective among brokers that have issued ratings on the stock in the last year is $6.65.

Several research firms recently weighed in on SWIM. Robert W. Baird increased their price target on shares of Latham Group from $5.50 to $7.50 and gave the company 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. Stifel Nicolaus lifted their price target on shares of Latham Group from $7.70 to $8.80 and gave the stock 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 price objective for the company.

Insider Activity

In other news, CEO Scott Michael Rajeski sold 22,191 shares of Latham Group stock in a transaction 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 transaction, the chief executive officer now directly owns 480,829 shares in the company, valued at approximately $4,010,113.86. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Oliver C. Gloe sold 10,216 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $6.44, for a total value of $65,791.04. Following the sale, the chief financial officer now directly owns 282,706 shares in the company, valued at $1,820,626.64. This trade represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,157 shares of company stock valued at $320,189 over the last quarter. Company insiders own 8.60% of the company’s stock.

Institutional Trading of Latham Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Roubaix Capital LLC boosted its stake in Latham Group by 70.9% during the third quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock valued at $5,178,000 after buying an additional 315,889 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Latham Group by 21.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,342,142 shares of the company’s stock worth $4,067,000 after buying an additional 234,930 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Latham Group by 103.7% during the 2nd quarter. American Century Companies Inc. now owns 418,708 shares of the company’s stock worth $1,269,000 after acquiring an additional 213,128 shares during the last quarter. Principal Financial Group Inc. purchased a new position in Latham Group in the third quarter worth $697,000. Finally, Thrivent Financial for Lutherans bought a new position in Latham Group in the third quarter valued at $635,000. Institutional investors own 83.95% of the company’s stock.

Latham Group Stock Down 2.5 %

Shares of 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 company has a market capitalization of $870.62 million, a PE ratio of 83.68 and a beta of 1.84. The business has a fifty day moving average price of $6.59 and a two-hundred day moving average price of $5.32. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60.

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.