Price T Rowe Associates Inc. MD Acquires 11,025 Shares of Leslie’s, Inc. (NASDAQ:LESL)

Price T Rowe Associates Inc. MD lifted its holdings in shares of Leslie’s, Inc. (NASDAQ:LESL) by 10.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 112,796 shares of the company’s stock after purchasing an additional 11,025 shares during the period. Price T Rowe Associates Inc. MD owned about 0.06% of Leslie’s worth $252,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mariner LLC purchased a new stake in Leslie’s during the 4th quarter valued at $25,000. Cibc World Markets Corp purchased a new stake in Leslie’s during the 4th quarter valued at $38,000. Gitterman Wealth Management LLC purchased a new stake in Leslie’s during the 4th quarter valued at $41,000. PNC Financial Services Group Inc. boosted its position in Leslie’s by 92.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 21,588 shares of the company’s stock valued at $48,000 after buying an additional 10,396 shares during the period. Finally, Blair William & Co. IL purchased a new stake in Leslie’s during the 4th quarter valued at $48,000.

Wall Street Analysts Forecast Growth

LESL has been the subject of several research analyst reports. Bank of America cut shares of Leslie’s from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $2.65 to $1.40 in a research report on Tuesday, February 18th. The Goldman Sachs Group lowered their price objective on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Morgan Stanley lowered their price objective on shares of Leslie’s from $3.00 to $1.50 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Robert W. Baird set a $3.00 price objective on shares of Leslie’s in a report on Tuesday, February 4th. Finally, Stifel Nicolaus upgraded shares of Leslie’s from a “sell” rating to a “hold” rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the stock. Based on data from MarketBeat.com, Leslie’s currently has a consensus rating of “Hold” and a consensus target price of $2.27.

Leslie’s Stock Performance

LESL stock opened at $0.91 on Friday. The firm has a 50 day moving average price of $0.70 and a 200-day moving average price of $1.66. Leslie’s, Inc. has a 52-week low of $0.51 and a 52-week high of $6.01. The firm has a market capitalization of $169.35 million, a price-to-earnings ratio of -6.09 and a beta of 1.32.

Leslie’s 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.