Wells Fargo & Company MN Cuts Stock Holdings in Leslie’s, Inc. (NASDAQ:LESL)

Wells Fargo & Company MN decreased its position in shares of Leslie’s, Inc. (NASDAQ:LESLFree Report) by 16.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,927,148 shares of the company’s stock after selling 375,917 shares during the quarter. Wells Fargo & Company MN owned 1.04% of Leslie’s worth $13,317,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in LESL. Ariel Investments LLC grew its holdings 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 valued at $141,429,000 after buying an additional 8,398,488 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in Leslie’s by 55.1% during the third 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 during the period. Jacobs Levy Equity Management Inc. bought a new position in Leslie’s during the third quarter valued at approximately $7,423,000. Natixis Advisors L.P. lifted its position in Leslie’s by 136.6% during the fourth quarter. Natixis Advisors L.P. now owns 2,230,959 shares of the company’s stock valued at $15,415,000 after purchasing an additional 1,288,013 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Leslie’s by 126.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,549,911 shares of the company’s stock valued at $8,772,000 after purchasing an additional 865,409 shares during the period.

Wall Street Analyst Weigh In

LESL has been the topic of a number of research analyst reports. Mizuho lowered their price objective on shares of Leslie’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Telsey Advisory Group restated a “market perform” rating and set a $6.00 price objective on shares of Leslie’s in a research report on Thursday, May 9th. 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 currently has a consensus rating of “Hold” and a consensus price target of $6.26.

Get Our Latest Stock Report on Leslie’s

Leslie’s Trading Up 0.9 %

LESL opened at $5.72 on Friday. Leslie’s, Inc. has a 1-year low of $3.79 and a 1-year high of $11.15. The company has a market capitalization of $1.06 billion, a PE ratio of 71.50, a PEG ratio of 0.85 and a beta of 1.06. The firm’s 50 day simple moving average is $5.08 and its two-hundred day simple moving average is $6.17.

Leslie’s (NASDAQ:LESLGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.18) EPS for the quarter, meeting the consensus estimate of ($0.18). The firm had revenue of $188.66 million for the quarter, compared to the consensus estimate of $202.69 million. Leslie’s had a net margin of 1.06% and a negative return on equity of 12.55%. Equities analysts forecast that Leslie’s, Inc. will post 0.25 earnings per share for the current fiscal year.

Leslie’s 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.

Read More

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

Receive News & Ratings for Leslie's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leslie's and related companies with MarketBeat.com's FREE daily email newsletter.