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

Latham Group, Inc. (NASDAQ:SWIM) has received a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $6.65.

Several equities research analysts recently issued reports on SWIM shares. The Goldman Sachs Group boosted their price objective 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 Latham Group in a research note on Monday, December 9th. They set a “buy” rating and a $10.00 target price for the company. Stifel Nicolaus boosted their target price on Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Robert W. Baird boosted their target price on Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th.

Insider Transactions at Latham Group

In other news, CEO Scott Michael Rajeski sold 22,191 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 480,829 shares of the company’s stock, valued at approximately $4,010,113.86. This represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Summit Securities Group LLC acquired a new position in shares of Latham Group during the 4th quarter worth about $33,000. BNP Paribas Financial Markets purchased a new stake in shares of Latham Group in the 4th quarter valued at about $42,000. FMR LLC lifted its holdings in shares of Latham Group by 75.9% in the 3rd quarter. FMR LLC now owns 7,239 shares of the company’s stock valued at $49,000 after purchasing an additional 3,123 shares during the last quarter. Quarry LP purchased a new stake in shares of Latham Group in the 3rd quarter valued at about $53,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Latham Group in the 3rd quarter valued at about $72,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Latham Group Price Performance

SWIM stock opened at $6.36 on Friday. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $735.38 million, a PE ratio of 70.67 and a beta of 1.81. Latham Group has a 12-month low of $2.38 and a 12-month high of $8.41. The business’s fifty day moving average price is $6.87 and its 200 day moving average price is $6.52.

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.