Stifel Nicolaus Forecasts Strong Price Appreciation for Latham Group (NASDAQ:SWIM) Stock

Latham Group (NASDAQ:SWIM) had its target price boosted by research analysts at Stifel Nicolaus from $7.00 to $7.70 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 15.62% from the stock’s current price.

Several other research analysts have also commented on SWIM. The Goldman Sachs Group lifted their price target on shares of Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Robert W. Baird lifted their price target on shares of Latham Group from $5.50 to $7.50 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Barclays lifted their price target on shares of Latham Group from $3.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.76.

Latham Group Price Performance

SWIM opened at $6.66 on Monday. The company has a 50-day moving average of $6.48 and a 200-day moving average of $5.01. The company has a market capitalization of $770.03 million, a P/E ratio of 74.01 and a beta of 1.88. Latham Group has a 1-year low of $2.11 and a 1-year high of $7.33. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44.

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 dated Thursday, October 31st. The shares were sold at an average price of $6.44, for a total transaction of $65,791.04. Following the completion of the transaction, the chief financial officer now directly owns 282,706 shares of the company’s stock, valued at $1,820,626.64. The trade was a 3.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Sanjeev Bahl sold 11,750 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $5.90, for a total transaction of $69,325.00. Following the transaction, the chief operating officer now directly owns 262,811 shares of the company’s stock, valued at $1,550,584.90. The trade was a 4.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SWIM. Vanguard Group Inc. boosted its stake in Latham Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 2,079,221 shares of the company’s stock valued at $8,234,000 after purchasing an additional 17,259 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Latham Group in the 1st quarter worth approximately $80,000. Public Employees Retirement System of Ohio lifted its stake in shares of Latham Group by 69.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company’s stock worth $43,000 after acquiring an additional 4,484 shares during the period. Burns Matteson Capital Management LLC acquired a new stake in shares of Latham Group in the 2nd quarter worth approximately $49,000. Finally, Diversified Trust Co acquired a new stake in shares of Latham Group in the 2nd quarter worth approximately $34,000. 83.95% of the stock is owned by institutional investors and hedge funds.

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.