Latham Group (NASDAQ:SWIM) Sees Unusually-High Trading Volume - Time to Buy?

Latham Group, Inc. (NASDAQ:SWIM - Get Free Report) saw strong trading volume on Wednesday . 231,541 shares were traded during trading, a decline of 45% from the previous session's volume of 417,557 shares.The stock last traded at $6.71 and had previously closed at $6.77.

Analysts Set New Price Targets

A number of research firms recently weighed in on SWIM. Robert W. Baird raised their price target on shares of Latham Group from $5.00 to $5.50 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. Barclays increased their price target 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. Finally, Stifel Nicolaus lifted their target price on Latham Group from $6.80 to $7.00 and gave the stock a "buy" rating in a research note on Monday, September 16th.

Latham Group Price Performance

The stock has a market cap of $763.94 million, a PE ratio of 220.33 and a beta of 1.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.22 and a quick ratio of 2.15. The firm's 50 day moving average price is $6.40 and its two-hundred day moving average price is $4.50.

Latham Group (NASDAQ:SWIM - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.12. The business had revenue of $160.12 million for 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, research analysts expect that Latham Group, Inc. will post -0.02 earnings per share for the current year.

Insider Buying and Selling at Latham Group

In related news, CEO Scott Michael Rajeski sold 25,851 shares of the company's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $6.54, for a total transaction of $169,065.54. Following the sale, the chief executive officer now owns 490,829 shares of the company's stock, valued at approximately $3,210,021.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Latham Group news, CEO Scott Michael Rajeski sold 25,851 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $6.54, for a total value of $169,065.54. Following the sale, the chief executive officer now owns 490,829 shares of the company's stock, valued at $3,210,021.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Suraj Kunchala sold 10,139 shares of the company's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $5.06, for a total value of $51,303.34. Following the completion of the transaction, the vice president now owns 38,748 shares of the company's stock, valued at $196,064.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,932 shares of company stock valued at $441,364 in the last quarter. 8.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Latham Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its stake in shares of Latham Group by 69.2% during the first quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company's stock valued at $43,000 after purchasing an additional 4,484 shares during the period. Diversified Trust Co bought a new position in shares of Latham Group during the second quarter valued at about $34,000. Quadrature Capital Ltd purchased a new stake in shares of Latham Group during the fourth quarter worth about $32,000. SG Americas Securities LLC bought a new stake in shares of Latham Group in the third quarter worth about $105,000. Finally, Burns Matteson Capital Management LLC bought a new position in Latham Group during the 2nd quarter valued at approximately $49,000. Institutional investors 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.