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

Latham Group, Inc. (NASDAQ:SWIM) has received an average rating of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $6.65.

Several brokerages have issued reports on SWIM. The Goldman Sachs Group lifted their target price on shares of Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Stifel Nicolaus boosted their price target on shares of 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 assumed coverage on shares of Latham Group in a report on Monday, December 9th. They issued a “buy” rating and a $10.00 price objective for the company. Finally, Robert W. Baird upped their price target on Latham Group from $5.50 to $7.50 and gave the company an “outperform” rating in a research report on Wednesday, November 6th.

Insiders Place Their Bets

In other news, CEO Scott Michael Rajeski sold 22,191 shares of the company’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 transaction, the chief executive officer now directly owns 480,829 shares in the company, valued at approximately $4,010,113.86. This represents a 4.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Sanjeev Bahl sold 11,750 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was 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 position. The disclosure for this sale can be found here. 8.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Latham Group

Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. lifted its position in shares of Latham Group by 103.7% during the second quarter. American Century Companies Inc. now owns 418,708 shares of the company’s stock worth $1,269,000 after purchasing an additional 213,128 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Latham Group by 21.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,342,142 shares of the company’s stock worth $4,067,000 after acquiring an additional 234,930 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Latham Group by 11.2% during the second quarter. Renaissance Technologies LLC now owns 690,856 shares of the company’s stock worth $2,093,000 after acquiring an additional 69,356 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of Latham Group by 71.1% in the second quarter. Cubist Systematic Strategies LLC now owns 27,923 shares of the company’s stock valued at $85,000 after acquiring an additional 11,601 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Latham Group in the third quarter valued at $105,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Latham Group Stock Performance

Shares of NASDAQ:SWIM opened at $7.48 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. Latham Group has a 1 year low of $2.31 and a 1 year high of $8.41. The firm has a market capitalization of $864.84 million, a PE ratio of 83.12, a P/E/G ratio of 387.01 and a beta of 1.80. The business’s 50 day moving average price is $6.93 and its 200-day moving average price is $6.14.

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.