The Goldman Sachs Group Increases Latham Group (NASDAQ:SWIM) Price Target to $4.50

Latham Group (NASDAQ:SWIM) had its target price boosted by investment analysts at The Goldman Sachs Group from $4.00 to $4.50 in a research note issued on Thursday,Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential downside of 24.87% from the company’s previous close.

Separately, Robert W. Baird set a $8.50 price objective on Latham Group in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.56.

Latham Group Stock Up 3.3 %

SWIM stock opened at $5.99 on Thursday. The company has a market capitalization of $693.50 million, a price-to-earnings ratio of 66.56 and a beta of 1.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. The business’s 50 day moving average price is $6.03 and its two-hundred day moving average price is $6.44. Latham Group has a fifty-two week low of $2.54 and a fifty-two week high of $8.41.

Insider Transactions at Latham Group

In other news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of Latham Group stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $6.54, for a total value of $688,335.00. Following the completion of the transaction, the insider now owns 332,818 shares of the company’s stock, valued at $2,176,629.72. The trade was a 24.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.60% of the company’s stock.

Institutional Trading of Latham Group

A number of institutional investors and hedge funds have recently bought and sold shares of SWIM. Summit Securities Group LLC bought a new position in shares of Latham Group in the fourth quarter worth approximately $33,000. BNP Paribas Financial Markets purchased a new position in shares of Latham Group in the fourth quarter worth $42,000. GAMMA Investing LLC raised its position in Latham Group by 2,565.5% in the 1st quarter. GAMMA Investing LLC now owns 6,957 shares of the company’s stock worth $45,000 after buying an additional 6,696 shares during the last quarter. ProShare Advisors LLC bought a new position in Latham Group during the fourth quarter valued at approximately $79,000. Finally, US Bancorp DE grew its position in Latham Group by 29,902.6% in the 4th quarter. US Bancorp DE now owns 11,701 shares of the company’s stock worth $81,000 after purchasing an additional 11,662 shares during the period. 83.95% of the stock is currently owned by 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.