Leslie’s, Inc. (NASDAQ:LESL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its holdings in shares of Leslie’s, Inc. (NASDAQ:LESLFree Report) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 958,314 shares of the company’s stock after selling 32,075 shares during the period. Principal Financial Group Inc. owned about 0.52% of Leslie’s worth $6,622,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Ariel Investments LLC increased its position in shares of Leslie’s by 50.6% during the third quarter. Ariel Investments LLC now owns 24,987,417 shares of the company’s stock worth $141,429,000 after acquiring an additional 8,398,488 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in Leslie’s by 55.1% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 17,115,836 shares of the company’s stock valued at $96,876,000 after purchasing an additional 6,078,768 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Leslie’s during the third quarter worth about $7,423,000. Natixis Advisors L.P. lifted its stake in Leslie’s by 136.6% in the fourth quarter. Natixis Advisors L.P. now owns 2,230,959 shares of the company’s stock worth $15,415,000 after acquiring an additional 1,288,013 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Leslie’s by 126.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,549,911 shares of the company’s stock worth $8,772,000 after purchasing an additional 865,409 shares in the last quarter.

Analyst Ratings Changes

LESL has been the topic of several research reports. William Blair reissued a “market perform” rating on shares of Leslie’s in a research report on Friday, February 2nd. Mizuho dropped their price target on Leslie’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Stifel Nicolaus increased their price objective on Leslie’s from $5.40 to $6.30 and gave the stock a “hold” rating in a research report on Friday, February 2nd. Loop Capital lifted their target price on Leslie’s from $6.00 to $8.00 and gave the company a “hold” rating in a research note on Tuesday, March 5th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $6.00 price target on shares of Leslie’s in a research note on Thursday, May 9th. Ten investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Leslie’s has a consensus rating of “Hold” and a consensus target price of $6.26.

Read Our Latest Stock Analysis on LESL

Leslie’s Price Performance

LESL opened at $5.43 on Wednesday. Leslie’s, Inc. has a 12 month low of $3.79 and a 12 month high of $11.15. The stock has a market capitalization of $1.00 billion, a P/E ratio of 67.88, a P/E/G ratio of 0.76 and a beta of 1.06. The business has a 50 day simple moving average of $5.18 and a 200-day simple moving average of $6.16.

Leslie’s (NASDAQ:LESLGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported ($0.18) EPS for the quarter, meeting analysts’ consensus estimates of ($0.18). The company had revenue of $188.66 million during the quarter, compared to the consensus estimate of $202.69 million. Leslie’s had a negative return on equity of 12.55% and a net margin of 1.06%. Research analysts anticipate that Leslie’s, Inc. will post 0.25 EPS for the current year.

Leslie’s Company Profile

(Free Report)

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.

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

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