Latham Group, Inc. (NASDAQ:SWIM) Receives $6.65 Average Target Price from Analysts

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

SWIM has been the subject of a number of recent research reports. Stifel Nicolaus upped their price target on Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group upped their price objective on Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Craig Hallum assumed coverage on Latham Group in a research note on Monday, December 9th. They issued a “buy” rating and a $10.00 price target on the stock. Finally, Robert W. Baird increased their price objective on Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th.

Insider Transactions at Latham Group

In related news, CEO Scott Michael Rajeski sold 22,191 shares of the firm’s stock in a transaction dated 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 $4,010,113.86. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 7.60% of the stock is currently owned by insiders.

Institutional Trading of Latham Group

A number of hedge funds have recently made changes to their positions in SWIM. Pamplona Capital Management LLC acquired a new stake in shares of Latham Group during the fourth quarter valued at about $360,846,000. Wynnchurch Capital Partners IV L.P. acquired a new stake in Latham Group in the fourth quarter valued at approximately $104,287,000. Wasatch Advisors LP acquired a new stake in Latham Group in the fourth quarter valued at approximately $17,408,000. Driehaus Capital Management LLC purchased a new position in shares of Latham Group during the fourth quarter valued at approximately $10,221,000. Finally, Voss Capital LP boosted its position in Latham Group by 29.1% in the fourth quarter. Voss Capital LP now owns 5,164,178 shares of the company’s stock worth $35,943,000 after purchasing an additional 1,163,329 shares during the last quarter. 83.95% of the stock is owned by institutional investors and hedge funds.

Latham Group Price Performance

Shares of SWIM opened at $6.28 on Friday. 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 stock has a 50 day simple moving average of $6.80 and a 200 day simple moving average of $6.57. Latham Group has a 52-week low of $2.38 and a 52-week high of $8.41. The firm has a market capitalization of $726.13 million, a PE ratio of 69.79 and a beta of 1.81.

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.