Latham Group (NASDAQ:SWIM) PT Raised to $7.00 at Stifel Nicolaus

Latham Group (NASDAQ:SWIM) had its price target lifted by Stifel Nicolaus from $6.80 to $7.00 in a research note published on Monday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms also recently commented on SWIM. Barclays lifted their price objective on Latham Group from $3.00 to $6.00 and gave the stock an equal weight rating in a report on Monday, August 12th. Robert W. Baird raised their price target on shares of Latham Group from $5.00 to $5.50 and gave the company an outperform rating in a report on Wednesday, August 7th.

Latham Group Trading Down 1.2 %

Shares of NASDAQ SWIM opened at $6.36 on Monday. The firm’s 50 day moving average price is $4.92 and its 200-day moving average price is $3.94. Latham Group has a 52-week low of $2.04 and a 52-week high of $6.83. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.15 and a current ratio of 3.22. The company has a market cap of $735.09 million, a PE ratio of 211.33 and a beta of 1.87.

Latham Group (NASDAQ:SWIM) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.12. Latham Group had a return on equity of 2.93% and a net margin of 2.24%. The business had revenue of $160.12 million for the quarter, compared to analysts’ expectations of $156.00 million. On average, equities research analysts expect that Latham Group will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling at Latham Group

In other Latham Group news, CEO Scott Michael Rajeski sold 25,851 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $6.54, for a total value of $169,065.54. Following the transaction, the chief executive officer now directly owns 490,829 shares of the company’s stock, valued at $3,210,021.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Latham Group news, VP Suraj Kunchala sold 10,139 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $5.06, for a total transaction of $51,303.34. Following the completion of the sale, the vice president now directly owns 38,748 shares of the company’s stock, valued at $196,064.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Scott Michael Rajeski sold 25,851 shares of Latham Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $6.54, for a total transaction of $169,065.54. Following the transaction, the chief executive officer now owns 490,829 shares in the company, valued at approximately $3,210,021.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,932 shares of company stock valued at $441,364. 8.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Latham Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Oxford Asset Management LLP bought a new position in shares of Latham Group in the fourth quarter worth about $46,000. Premier Fund Managers Ltd raised its stake in Latham Group by 55.7% during the 4th quarter. Premier Fund Managers Ltd now owns 199,536 shares of the company’s stock worth $542,000 after acquiring an additional 71,343 shares during the period. Cullen Capital Management LLC lifted its holdings in Latham Group by 50.4% during the fourth quarter. Cullen Capital Management LLC now owns 76,059 shares of the company’s stock valued at $200,000 after purchasing an additional 25,491 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Latham Group in the fourth quarter worth approximately $32,000. Finally, Empowered Funds LLC increased its stake in shares of Latham Group by 8.2% in the first quarter. Empowered Funds LLC now owns 271,220 shares of the company’s stock worth $1,074,000 after purchasing an additional 20,475 shares in the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

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.