Latham Group (NASDAQ:SWIM) Price Target Increased to $5.50 by Analysts at Robert W. Baird

Latham Group (NASDAQ:SWIM) had its price target raised by Robert W. Baird from $5.00 to $5.50 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an outperform rating on the stock.

Separately, Barclays lowered their price target on Latham Group from $4.00 to $3.00 and set an equal weight rating for the company in a report on Friday, July 12th.

Latham Group Trading Up 5.0 %

NASDAQ:SWIM traded up $0.25 during trading hours on Wednesday, hitting $5.30. The company had a trading volume of 1,086,217 shares, compared to its average volume of 374,483. The company has a current ratio of 3.12, a quick ratio of 1.78 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average of $3.42 and a 200 day moving average of $3.28. The company has a market cap of $612.54 million, a P/E ratio of 176.67 and a beta of 1.76. Latham Group has a 1 year low of $2.04 and a 1 year high of $5.38.

Latham Group (NASDAQ:SWIM) last issued its earnings results on Tuesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.08. The company had revenue of $110.63 million during the quarter, compared to analysts’ expectations of $101.40 million. Latham Group had a return on equity of 1.05% and a net margin of 0.76%. Sell-side analysts expect that Latham Group will post -0.15 earnings per share for the current year.

Insider Transactions at Latham Group

In other news, VP Suraj Kunchala sold 10,139 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $5.06, for a total transaction of $51,303.34. Following the completion of the transaction, the vice president now directly owns 38,748 shares in the company, valued at approximately $196,064.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On Latham Group

Several hedge funds have recently bought and sold shares of SWIM. Tower Research Capital LLC TRC lifted its stake in Latham Group by 113.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,388 shares of the company’s stock worth $30,000 after acquiring an additional 6,060 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Latham Group during the 4th quarter worth about $32,000. Diversified Trust Co acquired a new position in Latham Group during the 2nd quarter worth about $34,000. Public Employees Retirement System of Ohio lifted its stake 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 acquiring an additional 4,484 shares in the last quarter. Finally, Oxford Asset Management LLP acquired a new position in Latham Group during the 4th quarter worth about $46,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Latham Group Company Profile

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.