Analysts Set Latham Group, Inc. (NASDAQ:SWIM) Price Target at $6.65

Latham Group, Inc. (NASDAQ:SWIM) has been assigned an average rating of “Hold” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $6.65.

Several equities analysts have weighed in on SWIM shares. Stifel Nicolaus lifted their price target on shares of Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a report on Wednesday, December 11th. Craig Hallum started coverage on shares of Latham Group in a report on Monday, December 9th. They set a “buy” rating and a $10.00 price target on the stock. The Goldman Sachs Group lifted their price target on shares of Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Finally, Robert W. Baird lifted their price target on shares of Latham Group from $5.50 to $7.50 and gave the company an “outperform” rating in a report on Wednesday, November 6th.

Insider Transactions at Latham Group

In related news, CFO Oliver C. Gloe sold 10,216 shares of the business’s 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 owns 282,706 shares in the company, valued at approximately $1,820,626.64. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Scott Michael Rajeski sold 22,191 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 480,829 shares in the company, valued at $4,010,113.86. This represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,157 shares of company stock valued at $320,189. 8.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SWIM. FMR LLC increased its position in Latham Group by 75.9% during the third quarter. FMR LLC now owns 7,239 shares of the company’s stock valued at $49,000 after acquiring an additional 3,123 shares during the last quarter. Quarry LP bought a new position in Latham Group during the third quarter valued at $53,000. Ritholtz Wealth Management bought a new position in Latham Group during the second quarter valued at $55,000. Quadrature Capital Ltd bought a new position in Latham Group during the third quarter valued at $72,000. Finally, Cubist Systematic Strategies LLC increased its position in Latham Group by 71.1% during the second quarter. Cubist Systematic Strategies LLC now owns 27,923 shares of the company’s stock valued at $85,000 after acquiring an additional 11,601 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.

Latham Group Price Performance

Shares of NASDAQ:SWIM opened at $6.52 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. Latham Group has a 1-year low of $2.11 and a 1-year high of $8.41. The company has a market capitalization of $753.88 million, a P/E ratio of 72.45 and a beta of 1.80. The firm’s 50 day simple moving average is $6.65 and its two-hundred day simple moving average is $5.72.

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.