Leslie’s, Inc. (NASDAQ:LESL) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of Leslie’s, Inc. (NASDAQ:LESL) by 18.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,633,997 shares of the company’s stock after purchasing an additional 404,635 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Leslie’s were worth $18,201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LESL. Ariel Investments LLC increased its holdings in shares of Leslie’s by 50.6% in the 3rd quarter. Ariel Investments LLC now owns 24,987,417 shares of the company’s stock valued at $141,429,000 after acquiring an additional 8,398,488 shares during the last quarter. Clarkston Capital Partners LLC raised its holdings in Leslie’s by 66.7% during the third quarter. Clarkston Capital Partners LLC now owns 15,862,297 shares of the company’s stock worth $89,781,000 after purchasing an additional 6,346,377 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Leslie’s by 55.1% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 17,115,836 shares of the company’s stock worth $96,876,000 after buying an additional 6,078,768 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Leslie’s by 23.2% in the 2nd quarter. BlackRock Inc. now owns 24,796,476 shares of the company’s stock valued at $232,839,000 after buying an additional 4,670,608 shares in the last quarter. Finally, Capital Research Global Investors grew its position in shares of Leslie’s by 106.3% in the 1st quarter. Capital Research Global Investors now owns 7,009,446 shares of the company’s stock valued at $135,703,000 after buying an additional 3,612,422 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on LESL shares. Telsey Advisory Group restated a “market perform” rating and issued a $6.00 price objective on shares of Leslie’s in a research note on Friday, February 2nd. William Blair restated a “market perform” rating on shares of Leslie’s in a research note on Friday, February 2nd. Loop Capital lifted their price target on Leslie’s from $6.00 to $8.00 and gave the stock a “hold” rating in a research report on Tuesday, March 5th. Stifel Nicolaus increased their price objective on Leslie’s from $5.40 to $6.30 and gave the company a “hold” rating in a report on Friday, February 2nd. Finally, Mizuho initiated coverage on shares of Leslie’s in a report on Tuesday, March 19th. They issued a “neutral” rating and a $7.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating, According to MarketBeat, Leslie’s has a consensus rating of “Hold” and an average price target of $6.37.

Leslie’s Trading Up 0.1 %

NASDAQ LESL opened at $4.59 on Monday. Leslie’s, Inc. has a 12-month low of $4.36 and a 12-month high of $11.68. The business’s 50 day moving average is $6.95 and its two-hundred day moving average is $6.25. The stock has a market capitalization of $846.90 million, a price-to-earnings ratio of 45.90, a PEG ratio of 0.69 and a beta of 0.90.

Leslie’s (NASDAQ:LESL) last issued its earnings results on Thursday, February 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.01. The company had revenue of $173.96 million during the quarter, compared to analysts’ expectations of $169.17 million. Leslie’s had a net margin of 1.25% and a negative return on equity of 15.00%. Equities analysts forecast that Leslie’s, Inc. will post 0.23 earnings per share for the current fiscal year.

Leslie’s 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 also offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products.