Latham Group, Inc. (NASDAQ:SWIM) Given Consensus Rating of “Hold” by Analysts

Shares of Latham Group, Inc. (NASDAQ:SWIM) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $6.65.

SWIM has been the topic of a number of recent research reports. Robert W. Baird upped their target price on Latham Group from $5.50 to $7.50 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Craig Hallum assumed coverage on shares of Latham Group in a report on Monday, December 9th. They issued a “buy” rating and a $10.00 price objective on the stock. The Goldman Sachs Group raised their target price on shares of Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus upped 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.

Latham Group Stock Up 5.0 %

Latham Group stock opened at $7.39 on Tuesday. Latham Group has a fifty-two week low of $2.31 and a fifty-two week high of $8.41. The company has a market cap of $854.47 million, a PE ratio of 82.12, a PEG ratio of 387.01 and a beta of 1.80. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. The business’s 50-day simple moving average is $6.85 and its two-hundred day simple moving average is $6.09.

Insiders Place Their Bets

In other Latham Group news, CEO Scott Michael Rajeski sold 22,191 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total value of $185,072.94. Following the sale, the chief executive officer now directly owns 480,829 shares of the company’s stock, valued at approximately $4,010,113.86. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Sanjeev Bahl sold 11,750 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $5.90, for a total value of $69,325.00. Following the transaction, the chief operating officer now directly owns 262,811 shares of the company’s stock, valued at approximately $1,550,584.90. The trade was a 4.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,157 shares of company stock worth $320,189. Company insiders own 8.60% of the company’s stock.

Institutional Trading of Latham Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Latham Group by 21.2% in 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 last quarter. Geode Capital Management LLC boosted its stake in shares of Latham Group by 2.1% in the third quarter. Geode Capital Management LLC now owns 971,731 shares of the company’s stock worth $6,609,000 after acquiring an additional 20,209 shares during the last quarter. State Street Corp boosted its stake in shares of Latham Group by 5.4% in the third quarter. State Street Corp now owns 789,974 shares of the company’s stock worth $5,372,000 after acquiring an additional 40,764 shares during the last quarter. Roubaix Capital LLC increased its position in shares of Latham Group by 70.9% during the third quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock worth $5,178,000 after purchasing an additional 315,889 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Latham Group by 11.2% in the 2nd quarter. Renaissance Technologies LLC now owns 690,856 shares of the company’s stock valued at $2,093,000 after purchasing an additional 69,356 shares during the last quarter. Hedge funds and other 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.