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

Shares of Latham Group, Inc. (NASDAQ:SWIM) have been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $6.65.

SWIM has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Craig Hallum began coverage on shares of Latham Group in a report on Monday, December 9th. They issued a “buy” rating and a $10.00 price objective for the company. Robert W. Baird lifted their target price on shares of Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus raised their price target on shares of Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a report on Wednesday, December 11th.

Latham Group Price Performance

SWIM stock opened at $7.39 on Tuesday. Latham Group has a 1 year low of $2.31 and a 1 year high of $8.41. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. The firm has a market capitalization of $854.47 million, a PE ratio of 82.12, a price-to-earnings-growth ratio of 387.01 and a beta of 1.80. The business has a 50 day simple moving average of $6.85 and a 200-day simple moving average of $6.09.

Insider Transactions at Latham Group

In other Latham Group news, 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 transaction, the chief financial officer now directly owns 282,706 shares of the company’s stock, valued at $1,820,626.64. The trade was a 3.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Scott Michael Rajeski sold 22,191 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total transaction of $185,072.94. Following the sale, the chief executive officer now directly owns 480,829 shares in the company, valued at $4,010,113.86. This represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,157 shares of company stock worth $320,189. 8.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Latham Group

Large investors have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Latham Group by 75.9% in the third quarter. FMR LLC now owns 7,239 shares of the company’s stock worth $49,000 after acquiring an additional 3,123 shares in the last quarter. Quarry LP purchased a new position in Latham Group in the third quarter valued at $53,000. Quadrature Capital Ltd acquired a new position in Latham Group during the 3rd quarter worth $72,000. Voya Financial Advisors Inc. purchased a new stake in Latham Group during the 3rd quarter worth about $89,000. Finally, Intech Investment Management LLC acquired a new stake in Latham Group in the 3rd quarter valued at about $92,000. 83.95% of the stock is 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.