The Goldman Sachs Group Issues Positive Forecast for Latham Group (NASDAQ:SWIM) Stock Price

Latham Group (NASDAQ:SWIM) had its target price lifted by The Goldman Sachs Group from $4.00 to $4.50 in a research report sent to investors on Thursday,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

Separately, Robert W. Baird set a $8.50 price target on shares of Latham Group in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Latham Group has a consensus rating of “Hold” and an average price target of $7.56.

Latham Group Stock Up 3.3 %

Latham Group stock opened at $5.99 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. Latham Group has a one year low of $2.54 and a one year high of $8.41. The company has a 50-day simple moving average of $6.03 and a 200-day simple moving average of $6.43. The firm has a market capitalization of $697.04 million, a P/E ratio of 66.56 and a beta of 1.72.

Insider Activity at Latham Group

In other Latham Group news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 332,818 shares in the company, valued at $2,176,629.72. This represents a 24.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.60% of the stock is currently owned by insiders.

Institutional Trading of Latham Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC grew its holdings in Latham Group by 12.0% during the fourth quarter. LPL Financial LLC now owns 15,954 shares of the company’s stock worth $111,000 after acquiring an additional 1,713 shares during the period. Olympiad Research LP grew its stake in shares of Latham Group by 8.0% in the 4th quarter. Olympiad Research LP now owns 25,418 shares of the company’s stock worth $177,000 after purchasing an additional 1,889 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Latham Group by 15.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,856 shares of the company’s stock worth $111,000 after purchasing an additional 2,168 shares in the last quarter. Deutsche Bank AG lifted its stake in Latham Group by 13.7% during the first quarter. Deutsche Bank AG now owns 24,220 shares of the company’s stock valued at $156,000 after purchasing an additional 2,914 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Latham Group by 4.8% during the fourth quarter. Rhumbline Advisers now owns 64,502 shares of the company’s stock worth $449,000 after buying an additional 2,942 shares in the last quarter. Institutional investors 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.