Latham Group (NASDAQ:SWIM) Price Target Raised to $7.70 at Stifel Nicolaus

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

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

Latham Group Stock Performance

Shares of SWIM stock opened at $6.94 on Monday. The business’s 50-day moving average price is $6.48 and its 200-day moving average price is $5.01. Latham Group has a 12 month low of $2.11 and a 12 month high of $7.33. The firm has a market capitalization of $802.40 million, a price-to-earnings ratio of 77.12 and a beta of 1.88. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67.

Insiders Place Their Bets

In other Latham Group news, COO Sanjeev Bahl sold 11,750 shares of Latham Group stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $5.90, for a total value of $69,325.00. Following the completion of the sale, the chief operating officer now directly owns 262,811 shares in the company, valued at approximately $1,550,584.90. The trade was a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Oliver C. Gloe sold 10,216 shares of Latham Group stock in a transaction that occurred on 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. 7.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Latham Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC increased its holdings in shares of Latham Group by 294.8% during the third quarter. Barclays PLC now owns 54,720 shares of the company’s stock valued at $372,000 after acquiring an additional 40,860 shares in the last quarter. Geode Capital Management LLC increased its holdings 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 valued at $6,609,000 after acquiring an additional 20,209 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Latham Group during the third quarter valued at approximately $382,000. Zacks Investment Management increased its holdings in shares of Latham Group by 69.2% during the third quarter. Zacks Investment Management now owns 25,523 shares of the company’s stock valued at $174,000 after acquiring an additional 10,436 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of Latham Group during the third quarter valued at approximately $270,000. 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.