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

Shares of Latham Group, Inc. (NASDAQ:SWIM) have earned a consensus recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two investment 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 12-month price target among brokerages that have issued a report on the stock in the last year is $6.65.

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

Latham Group Stock Down 0.2 %

SWIM stock opened at $6.56 on Friday. 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 company’s 50-day moving average price is $6.65 and its 200 day moving average price is $5.71. Latham Group has a 52 week low of $2.11 and a 52 week high of $8.41. The company has a market cap of $758.50 million, a P/E ratio of 72.90 and a beta of 1.80.

Insider Buying and Selling

In other Latham Group news, CFO Oliver C. Gloe sold 10,216 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $6.44, for a total value of $65,791.04. Following the completion of the transaction, the chief financial officer now directly owns 282,706 shares in the company, valued at approximately $1,820,626.64. The trade was a 3.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Scott Michael Rajeski sold 22,191 shares of the firm’s 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 sale, the chief executive officer now owns 480,829 shares in the company, valued at $4,010,113.86. This trade represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,157 shares of company stock worth $320,189. 8.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Latham Group

Several institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. purchased a new stake in Latham Group in the 3rd quarter valued at about $697,000. Franklin Resources Inc. purchased a new stake in Latham Group in the third quarter valued at approximately $438,000. Barclays PLC increased its position in Latham Group by 294.8% during the third quarter. Barclays PLC now owns 54,720 shares of the company’s stock worth $372,000 after purchasing an additional 40,860 shares during the last quarter. Geode Capital Management LLC increased its position in Latham Group by 2.1% during the third quarter. Geode Capital Management LLC now owns 971,731 shares of the company’s stock worth $6,609,000 after purchasing an additional 20,209 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in Latham Group during the third quarter worth approximately $382,000. 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.