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

Latham Group, Inc. (NASDAQ:SWIM - Get Free Report) has been given a consensus rating of "Hold" by the six analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $6.65.

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

Insider Buying and Selling at Latham Group

In related news, CEO Scott Michael Rajeski sold 22,191 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total transaction of $185,072.94. Following the completion of the transaction, the chief executive officer now directly owns 480,829 shares in the company, valued at $4,010,113.86. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Oliver C. Gloe sold 10,216 shares of the business's 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 sale, the chief financial officer now owns 282,706 shares in the company, valued at $1,820,626.64. This trade represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,157 shares of company stock valued at $320,189 over the last 90 days. 8.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Latham Group

Institutional investors have recently modified their holdings of the business. Roubaix Capital LLC grew its stake in Latham Group by 70.9% during the 3rd quarter. Roubaix Capital LLC now owns 761,541 shares of the company's stock worth $5,178,000 after purchasing an additional 315,889 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Latham Group by 21.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,342,142 shares of the company's stock worth $4,067,000 after buying an additional 234,930 shares during the period. American Century Companies Inc. raised its holdings in Latham Group by 103.7% in the second quarter. American Century Companies Inc. now owns 418,708 shares of the company's stock valued at $1,269,000 after acquiring an additional 213,128 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Latham Group in the third quarter worth approximately $697,000. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of Latham Group in the 3rd quarter valued at approximately $635,000. Institutional investors and hedge funds own 83.95% of the company's stock.

Latham Group Stock Performance

SWIM stock traded up $0.04 during midday trading on Tuesday, hitting $7.43. 534,508 shares of the stock traded hands, compared to its average volume of 512,059. Latham Group has a 1-year low of $2.31 and a 1-year high of $8.41. 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 stock's fifty day simple moving average is $6.85 and its 200-day simple moving average is $6.09. The firm has a market cap of $859.06 million, a P/E ratio of 82.56, a PEG ratio of 387.01 and a beta of 1.80.

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.