DAVENPORT & Co LLC Increases Stock Holdings in Leslie’s, Inc. (NASDAQ:LESL)

DAVENPORT & Co LLC grew its position in Leslie’s, Inc. (NASDAQ:LESLFree Report) by 26.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,018,954 shares of the company’s stock after purchasing an additional 845,615 shares during the period. DAVENPORT & Co LLC’s holdings in Leslie’s were worth $27,771,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LESL. Ariel Investments LLC boosted its stake in Leslie’s by 50.6% in the 3rd quarter. Ariel Investments LLC now owns 24,987,417 shares of the company’s stock worth $141,429,000 after buying an additional 8,398,488 shares during the last quarter. Clarkston Capital Partners LLC lifted its stake in shares of Leslie’s by 66.7% in the 3rd quarter. Clarkston Capital Partners LLC now owns 15,862,297 shares of the company’s stock valued at $89,781,000 after purchasing an additional 6,346,377 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of 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. BlackRock Inc. lifted its stake in shares of Leslie’s by 23.2% in the 2nd quarter. BlackRock Inc. now owns 24,796,476 shares of the company’s stock valued at $232,839,000 after purchasing an additional 4,670,608 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of Leslie’s by 106.3% in the 1st quarter. Capital Research Global Investors now owns 7,009,446 shares of the company’s stock valued at $135,703,000 after purchasing an additional 3,612,422 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LESL shares. Mizuho assumed coverage on Leslie’s in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $7.00 price objective on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $6.00 price target on shares of Leslie’s in a research report on Friday, February 2nd. Stifel Nicolaus boosted their price target 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 boosted their price target on Leslie’s from $6.00 to $8.00 and gave the stock a “hold” rating in a research report on Tuesday, March 5th. Finally, William Blair restated a “market perform” rating on shares of Leslie’s in a report on Friday, February 2nd. Ten equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Leslie’s has a consensus rating of “Hold” and an average target price of $6.37.

Get Our Latest Research Report on Leslie’s

Leslie’s Price Performance

NASDAQ:LESL opened at $5.76 on Wednesday. Leslie’s, Inc. has a 12-month low of $4.39 and a 12-month high of $11.68. The firm has a market capitalization of $1.06 billion, a P/E ratio of 57.60, a P/E/G ratio of 0.89 and a beta of 0.90. The business has a 50 day simple moving average of $7.23 and a 200 day simple moving average of $6.25.

Leslie’s (NASDAQ:LESLGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.01. Leslie’s had a negative return on equity of 15.00% and a net margin of 1.25%. The business had revenue of $173.96 million during the quarter, compared to analyst estimates of $169.17 million. Research analysts anticipate that Leslie’s, Inc. will post 0.23 EPS 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.

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

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