Latham Group, Inc. (NASDAQ:SWIM - Get Free Report) CFO Oliver C. Gloe sold 10,216 shares of the firm's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $6.44, for a total transaction of $65,791.04. Following the sale, the chief financial officer now owns 282,706 shares in the company, valued at approximately $1,820,626.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Latham Group Price Performance
SWIM stock opened at $6.50 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.15 and a current ratio of 3.22. The company's fifty day moving average price is $6.49 and its 200-day moving average price is $4.63. Latham Group, Inc. has a one year low of $2.09 and a one year high of $7.33. The company has a market capitalization of $751.27 million, a PE ratio of 72.22 and a beta of 1.88.
Latham Group (NASDAQ:SWIM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.12. Latham Group had a net margin of 2.24% and a return on equity of 2.93%. The company had revenue of $160.12 million for the quarter, compared to the consensus estimate of $156.00 million. On average, equities analysts anticipate that Latham Group, Inc. will post -0.02 EPS for the current fiscal year.
Institutional Investors Weigh In On Latham Group
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Hedge funds have recently made changes to their positions in the company. Diversified Trust Co bought a new stake in Latham Group in the 2nd quarter worth approximately $34,000. Public Employees Retirement System of Ohio increased its position in Latham Group by 69.2% in the first 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 during the last quarter. Burns Matteson Capital Management LLC purchased a new stake in Latham Group during the second quarter valued at $49,000. Ritholtz Wealth Management purchased a new stake in Latham Group during the second quarter valued at $55,000. Finally, Lazard Asset Management LLC bought a new position in Latham Group during the first quarter valued at $80,000. 83.95% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
SWIM has been the subject of a number of analyst reports. Robert W. Baird increased their price objective on shares of Latham Group from $5.00 to $5.50 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. Barclays increased their price target on Latham Group from $3.00 to $6.00 and gave the stock an "equal weight" rating in a research note on Monday, August 12th. Finally, Stifel Nicolaus raised their price target on Latham Group from $6.80 to $7.00 and gave the company a "buy" rating in a report on Monday, September 16th.
Check Out Our Latest Stock Analysis on SWIM
Latham Group Company Profile
(
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.
Further Reading
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