Latham Group (NASDAQ:SWIM) Price Target Raised to $7.50

Latham Group (NASDAQ:SWIM) had its price target hoisted by investment analysts at Robert W. Baird from $5.50 to $7.50 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 13.98% from the stock’s previous close.

Other analysts have also issued reports about the stock. Stifel Nicolaus increased their price target on shares of Latham Group from $6.80 to $7.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Barclays lifted their target price on shares of Latham Group from $3.00 to $6.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th.

Latham Group Price Performance

SWIM opened at $6.58 on Wednesday. The firm has a market capitalization of $760.52 million, a P/E ratio of 73.11 and a beta of 1.88. The stock has a fifty day moving average of $6.49 and a 200-day moving average of $4.70. The company has a quick ratio of 2.15, a current ratio of 3.22 and a debt-to-equity ratio of 0.68. Latham Group has a 12-month low of $2.09 and a 12-month high of $7.33.

Latham Group (NASDAQ:SWIM) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.12. Latham Group had a return on equity of 2.93% and a net margin of 2.24%. The firm had revenue of $160.12 million during the quarter, compared to the consensus estimate of $156.00 million. Equities analysts forecast that Latham Group will post -0.03 EPS for the current fiscal year.

Insider Activity at Latham Group

In other Latham Group news, CEO Scott Michael Rajeski sold 33,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $6.09, for a total value of $200,970.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction of $65,791.04. Following the transaction, the chief financial officer now directly owns 282,706 shares of the company’s stock, valued at $1,820,626.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Scott Michael Rajeski sold 33,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $6.09, for a total value of $200,970.00. Following the completion of the sale, the chief executive officer now directly owns 516,680 shares of the company’s stock, valued at $3,146,581.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,148 shares of company stock valued at $507,155. 7.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Latham Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 2,079,221 shares of the company’s stock worth $8,234,000 after purchasing an additional 17,259 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Latham Group by 21.2% during the 2nd 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. Roubaix Capital LLC grew its stake in Latham Group by 70.9% in the 3rd quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock valued at $5,178,000 after buying an additional 315,889 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Latham Group by 11.2% in the 2nd quarter. Renaissance Technologies LLC now owns 690,856 shares of the company’s stock worth $2,093,000 after acquiring an additional 69,356 shares during the period. Finally, American Century Companies Inc. lifted its position in Latham Group by 103.7% during the 2nd quarter. American Century Companies Inc. now owns 418,708 shares of the company’s stock worth $1,269,000 after acquiring an additional 213,128 shares during the last quarter. Institutional investors and hedge funds 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.