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

Shares of Latham Group, Inc. (NASDAQ:SWIM) have been given a consensus recommendation of “Hold” by the six ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $6.65.

A number of analysts have recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Latham Group from $5.50 to $7.50 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Stifel Nicolaus boosted their target price on shares of Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a research note on Wednesday, December 11th. The Goldman Sachs Group boosted their target price on shares of Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Finally, Craig Hallum started coverage on shares of Latham Group in a research note on Monday, December 9th. They issued a “buy” rating and a $10.00 price objective for the company.

Latham Group Stock Down 0.6 %

Shares of SWIM opened at $6.52 on Friday. The firm has a market capitalization of $753.88 million, a P/E ratio of 72.45 and a beta of 1.80. Latham Group has a 12-month low of $2.11 and a 12-month high of $8.41. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. The firm has a fifty day moving average price of $6.65 and a 200-day moving average price of $5.72.

Insider Buying and Selling

In other Latham Group news, CEO Scott Michael Rajeski sold 22,191 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $8.34, for a total transaction of $185,072.94. Following the completion of the sale, the chief executive officer now directly owns 480,829 shares of the company’s stock, valued at approximately $4,010,113.86. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a 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 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 sale, the chief operating officer now directly owns 262,811 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 44,157 shares of company stock valued at $320,189 over the last three months. 8.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Latham Group

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Latham Group by 21.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,342,142 shares of the company’s stock valued at $4,067,000 after purchasing an additional 234,930 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Latham Group by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 971,731 shares of the company’s stock valued at $6,609,000 after purchasing an additional 20,209 shares during the last quarter. State Street Corp raised its position in shares of Latham Group by 5.4% in the 3rd quarter. State Street Corp now owns 789,974 shares of the company’s stock valued at $5,372,000 after purchasing an additional 40,764 shares during the last quarter. Roubaix Capital LLC raised its position in shares of Latham Group by 70.9% in the 3rd quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock valued at $5,178,000 after purchasing an additional 315,889 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Latham Group by 11.2% in the 2nd quarter. Renaissance Technologies LLC now owns 690,856 shares of the company’s stock valued at $2,093,000 after purchasing an additional 69,356 shares during the last quarter. Institutional investors and hedge funds 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.