Simplicity Solutions LLC Increases Position in Leslie’s, Inc. (NASDAQ:LESL)

Simplicity Solutions LLC boosted its holdings in Leslie’s, Inc. (NASDAQ:LESL) by 6.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 88,875 shares of the company’s stock after acquiring an additional 5,649 shares during the quarter. Simplicity Solutions LLC’s holdings in Leslie’s were worth $614,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its stake in shares of Leslie’s by 463.1% in the first quarter. FMR LLC now owns 3,080 shares of the company’s stock worth $34,000 after buying an additional 2,533 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Leslie’s by 113.5% in the third quarter. Tower Research Capital LLC TRC now owns 4,697 shares of the company’s stock worth $69,000 after buying an additional 2,497 shares in the last quarter. UBS Group AG lifted its stake in shares of Leslie’s by 20.8% in the second quarter. UBS Group AG now owns 4,763 shares of the company’s stock worth $72,000 after buying an additional 820 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Leslie’s in the first quarter worth approximately $112,000. Finally, MetLife Investment Management LLC bought a new position in shares of Leslie’s in the first quarter worth approximately $183,000.

Leslie’s Trading Up 0.2 %

LESL opened at $4.30 on Thursday. Leslie’s, Inc. has a 1-year low of $4.16 and a 1-year high of $11.68. The company has a market capitalization of $793.39 million, a PE ratio of 43.00, a PEG ratio of 0.64 and a beta of 0.90. The firm’s 50 day simple moving average is $6.78 and its two-hundred day simple moving average is $6.22.

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

Analyst Upgrades and Downgrades

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

About Leslie’s

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.