Latham Group (NASDAQ:SWIM) Price Target Raised to $7.70 at Stifel Nicolaus

Latham Group (NASDAQ:SWIM) had its price target upped by Stifel Nicolaus from $7.00 to $7.70 in a research note published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. Barclays upped their target price on Latham Group from $3.00 to $6.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. The Goldman Sachs Group boosted their price target on Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Finally, Robert W. Baird raised 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. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $5.76.

Latham Group Price Performance

SWIM stock opened at $6.59 on Monday. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. The firm has a market cap of $761.97 million, a price-to-earnings ratio of 73.22 and a beta of 1.88. The company’s fifty day simple moving average is $6.48 and its 200 day simple moving average is $5.04. Latham Group has a 12-month low of $2.11 and a 12-month high of $7.33.

Insider Activity

In other Latham Group news, CFO Oliver C. Gloe sold 10,216 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $6.44, for a total transaction of $65,791.04. Following the completion of the sale, the chief financial officer now directly owns 282,706 shares of the company’s stock, valued at approximately $1,820,626.64. The trade was a 3.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Sanjeev Bahl sold 11,750 shares of the 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 completion of the sale, the chief operating officer now directly owns 262,811 shares of the company’s stock, valued at approximately $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. Corporate insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On Latham Group

Institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its holdings in Latham Group by 75.9% during the third quarter. FMR LLC now owns 7,239 shares of the company’s stock worth $49,000 after acquiring an additional 3,123 shares during the period. Quarry LP purchased a new position in Latham Group in the 3rd quarter valued at approximately $53,000. Quadrature Capital Ltd bought a new position in shares of Latham Group in the third quarter worth $72,000. Public Employees Retirement System of Ohio grew its position in shares of Latham Group by 69.2% in the first quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company’s stock valued at $43,000 after purchasing an additional 4,484 shares in the last quarter. Finally, Diversified Trust Co bought a new stake in shares of Latham Group during the 2nd quarter valued at $34,000. Institutional investors own 83.95% of the company’s stock.

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.