Leslie’s, Inc. (NASDAQ:LESL) Shares Sold by Private Management Group Inc.

Private Management Group Inc. trimmed its position in shares of Leslie’s, Inc. (NASDAQ:LESL) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,993,159 shares of the company’s stock after selling 576,119 shares during the period. Private Management Group Inc. owned approximately 2.70% of Leslie’s worth $11,135,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in Leslie’s during the third quarter valued at about $32,000. Blue Trust Inc. lifted its stake in shares of Leslie’s by 1,089.6% in the 3rd quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock valued at $35,000 after purchasing an additional 10,144 shares in the last quarter. IHT Wealth Management LLC grew its holdings in shares of Leslie’s by 52.6% during the 3rd quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock worth $51,000 after purchasing an additional 5,776 shares during the period. Integrated Investment Consultants LLC grew its holdings in shares of Leslie’s by 36.1% during the 3rd quarter. Integrated Investment Consultants LLC now owns 21,500 shares of the company’s stock worth $68,000 after purchasing an additional 5,700 shares during the period. Finally, Creative Planning acquired a new stake in Leslie’s during the 3rd quarter worth approximately $77,000.

Leslie’s Price Performance

NASDAQ:LESL opened at $2.22 on Thursday. The firm has a 50-day moving average of $2.24 and a two-hundred day moving average of $2.67. The stock has a market cap of $411.17 million, a P/E ratio of -18.50 and a beta of 1.10. Leslie’s, Inc. has a 1-year low of $1.91 and a 1-year high of $8.21.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings results on Monday, November 25th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). Leslie’s had a negative net margin of 1.76% and a negative return on equity of 6.11%. The business had revenue of $397.90 million during the quarter, compared to analysts’ expectations of $405.19 million. During the same period in the prior year, the company posted $0.14 EPS. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, equities analysts expect that Leslie’s, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LESL. Telsey Advisory Group reaffirmed a “market perform” rating and set a $3.75 price target on shares of Leslie’s in a research report on Thursday, January 30th. Mizuho reduced their target price on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Robert W. Baird decreased their price target on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Tuesday, November 26th. Finally, William Blair reissued a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $3.49.

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.