Latham Group, Inc. (NASDAQ:SWIM) Given Average Rating of "Hold" by Analysts

Latham Group, Inc. (NASDAQ:SWIM - Get Free Report) has received a consensus recommendation of "Hold" from the six analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $6.65.

Several research analysts have recently weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Latham Group from $7.70 to $8.80 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. 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 report on Wednesday, November 6th. Robert W. Baird upped 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 started coverage on Latham Group in a research report on Monday, December 9th. They set a "buy" rating and a $10.00 price objective on the stock.

Insider Activity

In other news, CEO Scott Michael Rajeski sold 22,191 shares of the business's stock in a transaction 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Oliver C. Gloe sold 10,216 shares of the company's stock in a transaction on 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 owns 282,706 shares of the company's stock, valued at approximately $1,820,626.64. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,157 shares of company stock worth $320,189 over the last ninety days. Corporate insiders own 8.60% of the company's stock.

Institutional Investors Weigh In On Latham Group

Large investors have recently made changes to their positions in the company. FMR LLC grew its holdings in Latham Group by 75.9% during the 3rd quarter. FMR LLC now owns 7,239 shares of the company's stock valued at $49,000 after buying an additional 3,123 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Latham Group by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 177,134 shares of the company's stock valued at $537,000 after acquiring an additional 3,837 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Latham Group by 2.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 333,206 shares of the company's stock valued at $2,266,000 after purchasing an additional 7,502 shares in the last quarter. Quarry LP bought a new stake in Latham Group in the third quarter worth $53,000. Finally, ELCO Management Co. LLC raised its stake in Latham Group by 8.6% during the second quarter. ELCO Management Co. LLC now owns 97,762 shares of the company's stock valued at $296,000 after purchasing an additional 7,762 shares in the last quarter. 83.95% of the stock is owned by institutional investors.

Latham Group Stock Performance

Shares of SWIM traded up $0.05 on Friday, reaching $6.57. The company's stock had a trading volume of 425,109 shares, compared to its average volume of 648,954. The stock's 50 day simple moving average is $6.65 and its two-hundred day simple moving average is $5.62. 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 has a market capitalization of $759.66 million, a P/E ratio of 73.01 and a beta of 1.84. Latham Group has a 12-month low of $2.11 and a 12-month high of $8.41.

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.