Brinker Capital Investments LLC Grows Stake in Leslie’s, Inc. (NASDAQ:LESL)

Brinker Capital Investments LLC grew its holdings in Leslie’s, Inc. (NASDAQ:LESLGet Rating) by 17.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 78,503 shares of the company’s stock after buying an additional 11,433 shares during the quarter. Brinker Capital Investments LLC’s holdings in Leslie’s were worth $1,155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of LESL. UBS Group AG raised its position in shares of Leslie’s by 20.8% in the 2nd quarter. UBS Group AG now owns 4,763 shares of the company’s stock worth $72,000 after acquiring an additional 820 shares in the last quarter. Allworth Financial LP raised its position in shares of Leslie’s by 21.3% in the 2nd quarter. Allworth Financial LP now owns 6,063 shares of the company’s stock worth $92,000 after acquiring an additional 1,063 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Leslie’s in the 1st quarter worth approximately $112,000. Captrust Financial Advisors raised its position in shares of Leslie’s by 275.3% in the 2nd quarter. Captrust Financial Advisors now owns 10,024 shares of the company’s stock worth $152,000 after acquiring an additional 7,353 shares in the last quarter. Finally, TownSquare Capital LLC bought a new position in shares of Leslie’s in the 2nd quarter worth approximately $177,000.

Leslie’s Trading Up 4.5 %

Shares of LESL stock opened at $13.96 on Friday. Leslie’s, Inc. has a 12-month low of $11.43 and a 12-month high of $21.99. The stock’s 50-day moving average price is $13.51 and its 200-day moving average price is $14.32. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 4.97 and a beta of 0.63.

Leslie’s (NASDAQ:LESLGet Rating) last issued its quarterly earnings data on Wednesday, November 30th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. Leslie’s had a negative return on equity of 55.38% and a net margin of 10.18%. The company had revenue of $475.59 million for the quarter, compared to analysts’ expectations of $471.97 million. As a group, research analysts predict that Leslie’s, Inc. will post 0.76 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Investor Aggregator L. Bubbles sold 9,343,499 shares of the business’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $12.02, for a total value of $112,308,857.98. Following the completion of the sale, the insider now owns 8,776,904 shares in the company, valued at $105,498,386.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

LESL has been the subject of a number of analyst reports. MKM Partners initiated coverage on Leslie’s in a research report on Tuesday, October 4th. They set a “neutral” rating and a $14.00 price objective for the company. Telsey Advisory Group reduced their target price on Leslie’s from $16.00 to $15.00 and set a “market perform” rating for the company in a report on Thursday, December 1st. Piper Sandler reduced their target price on Leslie’s to $17.00 in a report on Friday, December 2nd. Stifel Nicolaus lowered Leslie’s from a “buy” rating to a “hold” rating and reduced their target price for the stock from $17.00 to $15.00 in a report on Thursday, December 1st. Finally, Robert W. Baird lowered Leslie’s from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $18.00 to $16.00 in a report on Tuesday, November 15th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.22.

About Leslie’s

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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 various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products, as well as installation and repair services for pool and spa equipment.

See Also

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Institutional Ownership by Quarter for Leslie's (NASDAQ:LESL)

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