Baird Financial Group Inc. grew its holdings in Leslie’s, Inc. (NASDAQ:LESL – Get Rating) by 5.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,966 shares of the company’s stock after purchasing an additional 5,396 shares during the period. Baird Financial Group Inc. owned approximately 0.06% of Leslie’s worth $1,700,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of LESL. Advisor Group Holdings Inc. increased its holdings in Leslie’s by 4.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 16,548 shares of the company’s stock valued at $369,000 after purchasing an additional 674 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Leslie’s by 4.2% in the first quarter. Private Advisor Group LLC now owns 24,103 shares of the company’s stock valued at $467,000 after buying an additional 971 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Leslie’s by 9.8% in the 1st quarter. Kestra Advisory Services LLC now owns 11,432 shares of the company’s stock valued at $221,000 after buying an additional 1,016 shares during the period. Cetera Investment Advisers lifted its stake in Leslie’s by 6.8% during the 1st quarter. Cetera Investment Advisers now owns 16,445 shares of the company’s stock worth $318,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Leslie’s by 21.3% during the 2nd quarter. Allworth Financial LP now owns 6,063 shares of the company’s stock valued at $92,000 after acquiring an additional 1,063 shares during the period.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on LESL shares. Telsey Advisory Group lowered shares of Leslie’s from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $28.00 to $16.00 in a research note on Monday, August 8th. Robert W. Baird downgraded shares of Leslie’s from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $16.00 in a research note on Tuesday. Morgan Stanley reduced their price objective on Leslie’s from $24.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Monday, August 8th. MKM Partners began coverage on Leslie’s in a report on Tuesday, October 4th. They set a “neutral” rating and a $14.00 price target on the stock. Finally, Stifel Nicolaus decreased their price objective on Leslie’s from $22.00 to $20.00 in a research note on Monday, August 8th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.30.
Leslie’s Price Performance
Insiders Place Their Bets
In related news, insider Brad Gazaway sold 3,335 shares of the company’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $14.82, for a total value of $49,424.70. Following the completion of the sale, the insider now directly owns 130,447 shares of the company’s stock, valued at approximately $1,933,224.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.60% of the company’s stock.
Leslie’s Company Profile
Leslie's, Inc operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It offers pool chemicals consisting of chlorine, sanitizers, water balancers, specialty chemicals, and algae control; pool covers, including winter, solar and safety covers, leaf nets, cover reels, and cover alternatives; pool equipment, which comprise pool cleaners, pool pumps, pool filters, pool heating, and lighting; and pools, such as above ground pools, soft side pools, above ground pools liners and equipment, ladders and rails, and diving boards.
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