Robert W. Baird Increases Latham Group (NASDAQ:SWIM) Price Target to $5.50

Latham Group (NASDAQ:SWIM) had its price objective upped by stock analysts at Robert W. Baird from $5.00 to $5.50 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 21.68% from the stock’s current price.

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

Latham Group Stock Up 45.3 %

Shares of SWIM traded up $1.41 on Wednesday, hitting $4.52. The company’s stock had a trading volume of 8,760,599 shares, compared to its average volume of 329,873. The company has a quick ratio of 1.78, a current ratio of 3.12 and a debt-to-equity ratio of 0.71. The firm’s fifty day moving average price is $3.35 and its 200-day moving average price is $3.24. Latham Group has a fifty-two week low of $2.04 and a fifty-two week high of $4.87. The firm has a market capitalization of $522.38 million, a price-to-earnings ratio of 145.00 and a beta of 1.76.

Latham Group (NASDAQ:SWIM) last issued its quarterly earnings data 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. Latham Group had a return on equity of 1.05% and a net margin of 0.76%. The business had revenue of $110.63 million during the quarter, compared to analyst estimates of $101.40 million. On average, equities research analysts expect that Latham Group will post -0.15 EPS for the current year.

Hedge Funds Weigh In On Latham Group

A number of large investors have recently bought and sold shares of SWIM. Tower Research Capital LLC TRC boosted its position 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 during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Latham Group during the 4th quarter worth approximately $32,000. Diversified Trust Co bought a new stake in shares of Latham Group during the 2nd quarter worth approximately $34,000. Public Employees Retirement System of Ohio raised its stake in shares of 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 in the last quarter. Finally, Oxford Asset Management LLP bought a new stake in shares of Latham Group during the 4th quarter worth approximately $46,000. 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.