PNC Financial Services Group Inc. Sells 43,851 Shares of Leslie’s, Inc. (NASDAQ:LESL)

PNC Financial Services Group Inc. trimmed its position in Leslie’s, Inc. (NASDAQ:LESLFree Report) by 73.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 15,887 shares of the company’s stock after selling 43,851 shares during the period. PNC Financial Services Group Inc.’s holdings in Leslie’s were worth $110,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Leslie’s by 12.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,936 shares of the company’s stock worth $12,845,000 after purchasing an additional 201,082 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of Leslie’s by 26.6% in the 4th quarter. DAVENPORT & Co LLC now owns 4,018,954 shares of the company’s stock worth $27,771,000 after purchasing an additional 845,615 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Leslie’s in the 3rd quarter worth $7,423,000. Allspring Global Investments Holdings LLC boosted its position in shares of Leslie’s by 18.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,633,997 shares of the company’s stock worth $18,201,000 after purchasing an additional 404,635 shares during the last quarter. Finally, Cerity Partners LLC bought a new position in shares of Leslie’s in the 4th quarter worth $310,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LESL shares. Telsey Advisory Group restated a “market perform” rating and issued a $6.00 price target on shares of Leslie’s in a research report on Thursday, May 9th. Mizuho reduced their target price on Leslie’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. Ten analysts have rated the stock with a hold rating, Based on data from MarketBeat, Leslie’s currently has an average rating of “Hold” and a consensus price target of $6.26.

Get Our Latest Research Report on Leslie’s

Leslie’s Trading Up 1.1 %

LESL stock opened at $3.68 on Friday. The business’s 50-day moving average price is $4.76 and its two-hundred day moving average price is $5.98. Leslie’s, Inc. has a 1-year low of $3.55 and a 1-year high of $10.37. The firm has a market cap of $679.84 million, a PE ratio of 46.00, a P/E/G ratio of 0.54 and a beta of 1.16.

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

About Leslie’s

(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.

Further Reading

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

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