Latham Group (NASDAQ:SWIM) Given New $7.70 Price Target at Stifel Nicolaus

Latham Group (NASDAQ:SWIM) had its price target upped by Stifel Nicolaus from $7.00 to $7.70 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts also recently issued reports about the company. Robert W. Baird upped their price target on Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Barclays boosted their target price on shares of Latham Group from $3.00 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Finally, The Goldman Sachs Group raised their target price on shares of Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.76.

Latham Group Price Performance

NASDAQ:SWIM opened at $6.59 on Monday. The business’s 50-day simple moving average is $6.48 and its two-hundred day simple moving average is $5.03. Latham Group has a 52 week low of $2.11 and a 52 week high of $7.33. The stock has a market cap of $761.94 million, a PE ratio of 72.67 and a beta of 1.88. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67.

Insider Buying and Selling

In related news, CFO Oliver C. Gloe sold 10,216 shares of Latham Group 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 directly owns 282,706 shares of the company’s stock, valued at approximately $1,820,626.64. The trade was a 3.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Sanjeev Bahl sold 11,750 shares of the company’s 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 transaction, the chief operating officer now owns 262,811 shares in the company, valued at $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. 7.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Latham Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Diversified Trust Co bought a new stake in shares of Latham Group during the second quarter worth $34,000. Public Employees Retirement System of Ohio increased its stake in Latham Group by 69.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company’s stock worth $43,000 after buying an additional 4,484 shares during the period. Burns Matteson Capital Management LLC bought a new stake in Latham Group during the 2nd quarter valued at about $49,000. FMR LLC boosted its position in Latham Group by 75.9% in the 3rd quarter. FMR LLC now owns 7,239 shares of the company’s stock valued at $49,000 after buying an additional 3,123 shares during the period. Finally, Quarry LP bought a new position in Latham Group in the 3rd quarter worth about $53,000. 83.95% of the stock is currently 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.