Latham Group (NASDAQ:SWIM) Price Target Increased to $7.00 by Analysts at Stifel Nicolaus

Latham Group (NASDAQ:SWIM) had its price objective lifted by equities research analysts at Stifel Nicolaus from $6.80 to $7.00 in a report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 12.00% from the company’s previous close.

Several other brokerages also recently issued reports on SWIM. Robert W. Baird raised their price target on Latham Group from $5.00 to $5.50 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Barclays lifted their target price 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.

Latham Group Price Performance

Shares of Latham Group stock opened at $6.25 on Monday. The business’s fifty day moving average price is $4.69 and its 200 day moving average price is $3.87. The stock has a market capitalization of $722.33 million, a P/E ratio of 208.33 and a beta of 1.87. The company has a current ratio of 3.22, a quick ratio of 2.15 and a debt-to-equity ratio of 0.68. Latham Group has a twelve month low of $2.04 and a twelve month high of $6.68.

Latham Group (NASDAQ:SWIM) last posted its earnings results on Tuesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $156.00 million. As a group, research analysts anticipate that Latham Group will post -0.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Scott Michael Rajeski sold 33,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $6.09, for a total transaction of $200,970.00. Following the completion of the transaction, the chief executive officer now owns 516,680 shares of the company’s stock, valued at approximately $3,146,581.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Scott Michael Rajeski sold 33,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $6.09, for a total transaction of $200,970.00. Following the transaction, the chief executive officer now directly owns 516,680 shares in the company, valued at $3,146,581.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Suraj Kunchala sold 10,139 shares of Latham Group stock in a transaction on Friday, August 9th. The shares were sold at an average price of $5.06, for a total value of $51,303.34. Following the transaction, the vice president now directly owns 38,748 shares of the company’s stock, valued at $196,064.88. The disclosure for this sale can be found here. Insiders sold 72,932 shares of company stock valued at $441,364 over the last quarter. Insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SWIM. Quadrature Capital Ltd bought a new stake in shares of Latham Group in the fourth quarter worth about $32,000. Diversified Trust Co acquired a new stake in shares of Latham Group in the second quarter valued at approximately $34,000. Public Employees Retirement System of Ohio lifted its holdings in Latham Group by 69.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company’s stock worth $43,000 after purchasing an additional 4,484 shares during the last quarter. Oxford Asset Management LLP acquired a new stake in Latham Group during the 4th quarter worth approximately $46,000. Finally, Burns Matteson Capital Management LLC acquired a new stake in Latham Group during the 2nd quarter worth approximately $49,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

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.