Latham Group, Inc. (NASDAQ:SWIM) Given Average Recommendation of “Hold” by Brokerages

Shares of Latham Group, Inc. (NASDAQ:SWIM) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $6.65.

Several research firms recently issued reports on SWIM. Craig Hallum initiated 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 for the company. The Goldman Sachs Group lifted their price objective on shares of Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Stifel Nicolaus upped their target price on shares of Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a report on Wednesday. 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.

Insiders Place Their Bets

In other Latham Group news, CEO Scott Michael Rajeski sold 22,191 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $8.34, for a total value of $185,072.94. Following the transaction, the chief executive officer now directly owns 480,829 shares in the company, valued at $4,010,113.86. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Oliver C. Gloe sold 10,216 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $6.44, for a total transaction of $65,791.04. Following 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,157 shares of company stock valued at $320,189. Corporate insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On Latham Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new position in shares of Latham Group during the 3rd quarter valued at $697,000. Thrivent Financial for Lutherans purchased a new stake in Latham Group during the third quarter valued at about $635,000. Roubaix Capital LLC boosted its position in 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 purchasing an additional 315,889 shares during the period. Vanguard Group Inc. boosted its position in Latham Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 2,079,221 shares of the company’s stock worth $8,234,000 after purchasing an additional 17,259 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Latham Group by 103.7% in the second quarter. American Century Companies Inc. now owns 418,708 shares of the company’s stock worth $1,269,000 after purchasing an additional 213,128 shares in the last quarter. 83.95% of the stock is owned by institutional investors.

Latham Group Trading Down 2.5 %

Shares of Latham Group stock opened at $7.53 on Monday. The stock has a market capitalization of $870.62 million, a PE ratio of 83.68 and a beta of 1.84. Latham Group has a 52 week low of $2.11 and a 52 week high of $8.41. The stock has a 50 day moving average price of $6.59 and a two-hundred day moving average price of $5.30. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44.

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.