Latham Group, Inc. (NASDAQ:SWIM) Receives Average Rating of “Hold” from Analysts

Shares of Latham Group, Inc. (NASDAQ:SWIM) have earned an average rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $6.65.

Several brokerages recently commented on SWIM. The Goldman Sachs Group boosted their price target on Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Robert W. Baird upped their target price on shares of Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Stifel Nicolaus increased their target price on shares of Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Craig Hallum began coverage on shares of Latham Group in a research report on Monday, December 9th. They issued a “buy” rating and a $10.00 price target on the stock.

Insiders Place Their Bets

In other news, CEO Scott Michael Rajeski sold 22,191 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total transaction of $185,072.94. Following the transaction, the chief executive officer now owns 480,829 shares of the company’s stock, valued at $4,010,113.86. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Oliver C. Gloe sold 10,216 shares of Latham Group stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $6.44, for a total value of $65,791.04. Following the completion of the sale, the chief financial officer now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,157 shares of company stock valued at $320,189 in the last 90 days. 8.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Roubaix Capital LLC raised its stake 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 buying an additional 315,889 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Latham Group by 21.2% during the 2nd 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 period. American Century Companies Inc. raised its position in shares of Latham Group by 103.7% during the 2nd quarter. American Century Companies Inc. now owns 418,708 shares of the company’s stock valued at $1,269,000 after acquiring an additional 213,128 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Latham Group in the 3rd quarter valued at $697,000. Finally, Thrivent Financial for Lutherans bought a new position in shares of Latham Group in the 3rd quarter worth $635,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Latham Group Stock Down 6.3 %

NASDAQ SWIM opened at $6.52 on Friday. Latham Group has a 1-year low of $2.11 and a 1-year high of $8.41. The company has a market capitalization of $753.88 million, a price-to-earnings ratio of 72.45 and a beta of 1.84. The stock’s 50 day moving average is $6.65 and its two-hundred day moving average is $5.62. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67.

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.