Latham Group (NASDAQ:SWIM) Price Target Increased to $6.80 by Analysts at Stifel Nicolaus

Latham Group (NASDAQ:SWIM) had its target price hoisted by Stifel Nicolaus from $4.75 to $6.80 in a research note released on Friday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Robert W. Baird lifted their price objective on Latham Group from $5.00 to $5.50 and gave the stock an outperform rating in a report on Wednesday, August 7th. Barclays lifted their price target on Latham Group from $3.00 to $6.00 and gave the stock an equal weight rating in a research note on Monday, August 12th.

Latham Group Trading Up 0.3 %

Shares of SWIM opened at $6.25 on Friday. Latham Group has a 1-year low of $2.04 and a 1-year high of $6.68. The company has a market capitalization of $722.38 million, a P/E ratio of 208.33 and a beta of 1.76. 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 simple moving average is $4.10 and its 200 day simple moving average is $3.64.

Latham Group (NASDAQ:SWIM) last posted its quarterly earnings data 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. Latham Group had a net margin of 2.24% and a return on equity of 2.93%. The company had revenue of $160.12 million during the quarter, compared to the consensus estimate of $156.00 million. Sell-side analysts forecast that Latham Group will post -0.03 earnings per share for the current fiscal year.

Insider Transactions at Latham Group

In related news, VP Suraj Kunchala sold 10,139 shares of Latham Group stock in a transaction on Friday, August 9th. The shares were sold at an average price of $5.06, for a total value of $51,303.34. Following the sale, the vice president now owns 38,748 shares in the company, valued at $196,064.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, VP Suraj Kunchala sold 10,139 shares of the stock in a transaction dated Friday, August 9th. The shares were 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 directly owns 38,748 shares of the company’s stock, valued at $196,064.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Scott Michael Rajeski sold 33,000 shares of Latham Group 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 sale, the chief executive officer now directly owns 516,680 shares in the company, valued at $3,146,581.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,932 shares of company stock worth $441,364. 8.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Latham Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of Latham Group by 23.3% during the 4th quarter. Victory Capital Management Inc. now owns 2,462,645 shares of the company’s stock valued at $6,477,000 after buying an additional 465,530 shares in the last quarter. Vanguard Group Inc. boosted its stake 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 acquiring an additional 17,259 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Latham Group by 21.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,342,142 shares of the company’s stock worth $4,067,000 after acquiring an additional 234,930 shares in the last quarter. Natixis Advisors L.P. grew its holdings in Latham Group by 50.1% in the fourth quarter. Natixis Advisors L.P. now owns 877,079 shares of the company’s stock worth $2,306,000 after purchasing an additional 292,885 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Latham Group by 11.2% during the second 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 in the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

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.