Robert W. Baird Issues Positive Forecast for Latham Group (NASDAQ:SWIM) Stock Price

Latham Group (NASDAQ:SWIM - Free Report) had its price objective upped by Robert W. Baird from $5.50 to $7.50 in a research report report published on Wednesday, Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Latham Group from $6.80 to $7.00 and gave the company a "buy" rating in a research report on Monday, September 16th. Barclays increased their price objective on Latham Group from $3.00 to $6.00 and gave the company an "equal weight" rating in a research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $5.62.

Latham Group Price Performance

Shares of SWIM stock traded down $0.77 during trading hours on Wednesday, hitting $5.81. The company had a trading volume of 2,058,028 shares, compared to its average volume of 425,919. Latham Group has a 12 month low of $2.09 and a 12 month high of $7.33. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.15 and a current ratio of 3.22. The firm's fifty day moving average is $6.50 and its 200 day moving average is $4.72. The firm has a market capitalization of $671.52 million, a price-to-earnings ratio of 64.56 and a beta of 1.88.

Latham Group (NASDAQ:SWIM - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.12. The business had revenue of $160.12 million during the quarter, compared to analysts' expectations of $156.00 million. Latham Group had a net margin of 2.24% and a return on equity of 2.93%. On average, sell-side analysts predict that Latham Group will post -0.03 EPS for the current fiscal year.

Insider Activity at Latham Group

In other Latham Group news, CFO Oliver C. Gloe sold 10,216 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $6.44, for a total value of $65,791.04. Following the sale, the chief financial officer now directly owns 282,706 shares in the company, valued at approximately $1,820,626.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Latham Group news, CFO Oliver C. Gloe sold 10,216 shares of the business's stock in a transaction that occurred 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 $1,820,626.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott Michael Rajeski sold 33,000 shares of Latham Group stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $6.09, for a total transaction of $200,970.00. Following the sale, the chief executive officer now directly owns 516,680 shares of the company's stock, valued at $3,146,581.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,148 shares of company stock worth $507,155 in the last ninety days. Company insiders own 7.60% of the company's stock.

Institutional Investors Weigh In On Latham Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Diversified Trust Co bought a new position in shares of Latham Group during the 2nd quarter worth about $34,000. Public Employees Retirement System of Ohio increased its stake in shares of Latham Group by 69.2% in the first quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company's stock worth $43,000 after purchasing an additional 4,484 shares in the last quarter. Burns Matteson Capital Management LLC bought a new stake in Latham Group during the 2nd quarter valued at $49,000. Ritholtz Wealth Management bought a new stake in Latham Group during the 2nd quarter valued at $55,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Latham Group during the first quarter worth $80,000. Institutional investors own 83.95% of the company's stock.

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.