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

Shares of Latham Group, Inc. (NASDAQ:SWIM) have received an average rating of “Hold” from the six research firms that are presently covering the company, MarketBeat reports. Two research 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 price objective among brokerages that have issued a report on the stock in the last year is $6.65.

Several equities research analysts have recently commented on SWIM shares. The Goldman Sachs Group lifted their target price on Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Stifel Nicolaus lifted their price objective on Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Craig Hallum initiated coverage on shares of Latham Group in a research report on Monday, December 9th. They set a “buy” rating and a $10.00 target price on the stock. Finally, Robert W. Baird lifted 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.

Latham Group Stock Performance

Shares of Latham Group stock opened at $6.57 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. The firm has a 50 day simple moving average of $6.65 and a 200 day simple moving average of $5.67. Latham Group has a fifty-two week low of $2.11 and a fifty-two week high of $8.41. The firm has a market cap of $759.66 million, a P/E ratio of 73.01 and a beta of 1.84.

Insider Transactions at Latham Group

In other Latham Group news, CFO Oliver C. Gloe sold 10,216 shares of Latham Group stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $6.44, for a total transaction of $65,791.04. Following 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 ownership of the stock. The transaction 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 business’s stock in a transaction dated Wednesday, December 11th. The shares were 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 of the company’s stock, valued at approximately $4,010,113.86. The trade was a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,157 shares of company stock worth $320,189. 8.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Latham Group

Institutional investors have recently modified their holdings of the business. FMR LLC raised its holdings in Latham Group by 75.9% during the 3rd quarter. FMR LLC now owns 7,239 shares of the company’s stock worth $49,000 after buying an additional 3,123 shares during the period. Quarry LP acquired a new stake in shares of Latham Group during the third quarter worth $53,000. Quadrature Capital Ltd acquired a new stake in shares of Latham Group during the third quarter worth $72,000. Voya Financial Advisors Inc. bought a new stake in Latham Group in the 3rd quarter valued at $89,000. Finally, Intech Investment Management LLC acquired a new position in Latham Group in the 3rd quarter worth $92,000. Institutional investors own 83.95% of the company’s stock.

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.