Envestnet Asset Management Inc. Has $611,000 Stake in Leslie’s, Inc. (NASDAQ:LESL)

Envestnet Asset Management Inc. trimmed its position in shares of Leslie’s, Inc. (NASDAQ:LESL) by 82.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 273,910 shares of the company’s stock after selling 1,268,603 shares during the period. Envestnet Asset Management Inc. owned 0.15% of Leslie’s worth $611,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LESL. Lind Value II ApS purchased a new position in shares of Leslie’s during the 4th quarter valued at $10,258,000. Geode Capital Management LLC boosted its position in Leslie’s by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 4,226,600 shares of the company’s stock valued at $9,428,000 after purchasing an additional 91,898 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Leslie’s by 9.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,136,076 shares of the company’s stock valued at $6,993,000 after purchasing an additional 258,686 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Leslie’s by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,699,861 shares of the company’s stock worth $3,791,000 after purchasing an additional 54,318 shares during the last quarter. Finally, Primecap Management Co. CA raised its stake in shares of Leslie’s by 29.1% during the 4th quarter. Primecap Management Co. CA now owns 1,260,900 shares of the company’s stock worth $2,812,000 after purchasing an additional 284,100 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Robert W. Baird set a $3.00 price objective on shares of Leslie’s in a research note on Tuesday, February 4th. Guggenheim reaffirmed a “neutral” rating on shares of Leslie’s in a research report on Friday, February 7th. Telsey Advisory Group reiterated a “market perform” rating and set a $3.00 price target on shares of Leslie’s in a research note on Tuesday, March 18th. Stifel Nicolaus raised Leslie’s from a “sell” rating to a “hold” rating in a research note on Friday, April 25th. Finally, Mizuho reduced their target price on Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. Based on data from MarketBeat.com, Leslie’s currently has a consensus rating of “Hold” and a consensus price target of $2.65.

Leslie’s Stock Performance

Shares of LESL opened at $0.63 on Friday. The firm has a market cap of $116.08 million, a PE ratio of -4.18 and a beta of 1.30. Leslie’s, Inc. has a 52-week low of $0.51 and a 52-week high of $6.02. The business’s 50 day moving average price is $0.75 and its two-hundred day moving average price is $1.79.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). Leslie’s had a negative return on equity of 6.11% and a negative net margin of 2.13%.

Leslie’s Company 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.