Latham Group, Inc. (NASDAQ:SWIM) Receives $6.65 Consensus Target Price from Brokerages

Shares of Latham Group, Inc. (NASDAQ:SWIM) have been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat.com 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 1 year target price among brokerages that have issued ratings on the stock in the last year is $6.65.

A number of research firms have weighed in on SWIM. Stifel Nicolaus upped their price objective on shares of Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird increased 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. Craig Hallum began coverage on shares of Latham Group in a research report on Monday, December 9th. They set a “buy” rating and a $10.00 price target on the stock. Finally, The Goldman Sachs Group increased their price target 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.

Latham Group Stock Up 0.5 %

Shares of Latham Group stock opened at $5.91 on Friday. The company has a fifty day moving average price of $6.75 and a 200 day moving average price of $6.57. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. Latham Group has a twelve month low of $2.38 and a twelve month high of $8.41. The stock has a market cap of $683.34 million, a price-to-earnings ratio of 65.67 and a beta of 1.81.

Insider Buying and Selling

In other Latham Group news, CEO Scott Michael Rajeski sold 22,191 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 480,829 shares in the company, valued at approximately $4,010,113.86. This trade represents 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 this link. 7.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SWIM. Summit Securities Group LLC bought a new position in shares of Latham Group in the fourth quarter valued at approximately $33,000. BNP Paribas Financial Markets bought a new position in shares of Latham Group in the fourth quarter valued at approximately $42,000. FMR LLC boosted 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 buying an additional 3,123 shares in the last quarter. Quarry LP bought a new stake in Latham Group during the third quarter worth approximately $53,000. Finally, Quadrature Capital Ltd bought a new stake in Latham Group during the third quarter worth approximately $72,000. 83.95% of the stock is currently owned by 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.