Latham Group (NASDAQ:SWIM) Price Target Raised to $8.80

Latham Group (NASDAQ:SWIM) had its price objective boosted by Stifel Nicolaus from $7.70 to $8.80 in a report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently weighed in on the stock. Robert W. Baird increased 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. Craig Hallum initiated coverage on shares of Latham Group in a research report on Monday, December 9th. They set a “buy” rating and a $10.00 price objective for the company. Finally, The Goldman Sachs Group lifted their target price on Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $6.65.

Latham Group Stock Down 2.5 %

Shares of SWIM stock opened at $7.53 on Wednesday. Latham Group has a 12 month low of $2.11 and a 12 month high of $8.41. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. The firm has a market cap of $870.62 million, a PE ratio of 83.68 and a beta of 1.84. The stock has a 50 day moving average of $6.59 and a 200-day moving average of $5.30.

Insider Activity

In related news, COO Sanjeev Bahl sold 11,750 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $5.90, for a total transaction of $69,325.00. Following the completion of the sale, the chief operating officer now owns 262,811 shares in the company, valued at $1,550,584.90. This trade represents a 4.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Oliver C. Gloe sold 10,216 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $6.44, for a total transaction of $65,791.04. Following the completion of the transaction, the chief financial officer now owns 282,706 shares in the company, valued at approximately $1,820,626.64. This trade represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,157 shares of company stock worth $320,189. Corporate insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Latham Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 2,079,221 shares of the company’s stock worth $8,234,000 after buying an additional 17,259 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Latham Group by 21.2% in 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 during the last quarter. Geode Capital Management LLC lifted its position in shares of Latham Group by 2.1% during the third quarter. Geode Capital Management LLC now owns 971,731 shares of the company’s stock worth $6,609,000 after purchasing an additional 20,209 shares in the last quarter. State Street Corp grew its stake in shares of Latham Group by 5.4% during the third quarter. State Street Corp now owns 789,974 shares of the company’s stock valued at $5,372,000 after purchasing an additional 40,764 shares during the last quarter. Finally, Roubaix Capital LLC increased its holdings in shares of Latham Group by 70.9% in the third quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock valued at $5,178,000 after purchasing an additional 315,889 shares in the last quarter. 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.