Robert W. Baird Increases Latham Group (NASDAQ:SWIM) Price Target to $7.50

Latham Group (NASDAQ:SWIM) had its price objective increased by Robert W. Baird from $5.50 to $7.50 in a report released on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

SWIM has been the topic of a number of other research reports. Barclays boosted their target price on shares of Latham Group from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Stifel Nicolaus boosted their target price on shares of Latham Group from $6.80 to $7.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $5.62.

Latham Group Trading Down 3.9 %

Shares of SWIM stock opened at $5.84 on Wednesday. Latham Group has a 1 year low of $2.09 and a 1 year high of $7.33. The firm’s fifty day simple moving average is $6.48 and its 200 day simple moving average is $4.77. The firm has a market capitalization of $674.99 million, a P/E ratio of 64.90 and a beta of 1.88. The company has a current ratio of 3.22, a quick ratio of 2.15 and a debt-to-equity ratio of 0.68.

Insider Buying and Selling at Latham Group

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 shares were sold at an average price of $6.44, for a total value of $65,791.04. Following the sale, the chief financial officer now owns 282,706 shares of the company’s stock, valued at $1,820,626.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Oliver C. Gloe sold 10,216 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $6.44, for a total value of $65,791.04. Following the sale, the chief financial officer now owns 282,706 shares of the company’s stock, valued at approximately $1,820,626.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott Michael Rajeski sold 33,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $6.09, for a total transaction of $200,970.00. Following the completion of the sale, the chief executive officer now directly owns 516,680 shares in the company, valued at approximately $3,146,581.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,067 shares of company stock valued at $435,827 in the last 90 days. 8.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Latham Group

Several large investors have recently made changes to their positions in the company. Empowered Funds LLC lifted its position in Latham Group by 8.2% during the 1st quarter. Empowered Funds LLC now owns 271,220 shares of the company’s stock worth $1,074,000 after buying an additional 20,475 shares in the last quarter. Vanguard Group Inc. lifted its position in Latham Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 2,079,221 shares of the company’s stock worth $8,234,000 after buying an additional 17,259 shares in the last quarter. Roubaix Capital LLC acquired a new position in Latham Group during the 1st quarter worth about $864,000. Lazard Asset Management LLC acquired a new position in Latham Group during the 1st quarter worth about $80,000. Finally, Public Employees Retirement System of Ohio lifted its position in Latham Group by 69.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company’s stock worth $43,000 after buying an additional 4,484 shares in the last quarter. 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.