Latham Group, Inc. (NASDAQ:SWIM) Given Average Rating of "Hold" by Analysts
Latham Group, Inc. (NASDAQ:SWIM) has received a consensus rating of "Hold" from six analysts. The ratings include two sell, one hold, and three buy ratings. The average price target is $7.96. Recent insider activity includes Director Frank J. Dellaquila purchasing 5,000 shares. Institutional investors own 83.95% of the stock. Latham Group's stock performance shows a current price of $6.84, with a market cap of $797.15 million and a P/E ratio of -57.00. The company specializes in manufacturing in-ground residential swimming pools.
Latham Group, Inc. (NASDAQ:SWIM - Get Free Report) has been assigned a consensus rating of "Hold" from the six ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $7.96.
A number of equities research analysts recently weighed in on SWIM shares. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Latham Group in a research note on Wednesday, October 8th. Barclays increased their price target on shares of Latham Group from $7.00 to $8.00 and gave the company an "equal weight" rating in a research report on Wednesday.
Get Our Latest Report on Latham Group
Insider Activity
In related news, Director Frank J. Dellaquila purchased 5,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average price of $8.24 per share, for a total transaction of $41,200.00. Following the completion of the acquisition, the director directly owned 21,814 shares in the company, valued at approximately $179,747.36. The trade was a 29.74% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.85% of the company's stock.
Hedge Funds Weigh In On Latham Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new position in Latham Group in the 3rd quarter worth about $28,000. BNP Paribas Financial Markets raised its position in Latham Group by 83.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company's stock worth $27,000 after buying an additional 1,921 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Latham Group in the 2nd quarter worth about $29,000. State of Alaska Department of Revenue purchased a new position in Latham Group in the 3rd quarter worth about $47,000. Finally, CWM LLC raised its position in Latham Group by 400.2% in the 3rd quarter. CWM LLC now owns 8,969 shares of the company's stock worth $68,000 after buying an additional 7,176 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company's stock.
Latham Group Stock Performance
SWIM traded down $0.36 during trading on Wednesday, hitting $6.84. 453,093 shares of the company traded hands, compared to its average volume of 605,800. The firm has a market cap of $797.15 million, a P/E ratio of -57.00 and a beta of 1.71. The stock's fifty day moving average is $7.65 and its 200 day moving average is $6.86. The company has a quick ratio of 1.51, a current ratio of 2.39 and a debt-to-equity ratio of 0.70. Latham Group has a one year low of $4.56 and a one year high of $8.46.
About Latham Group
(Get Free Report)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.
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