Leslie’s, Inc. (NASDAQ:LESL) Stake Trimmed by Bfsg LLC

Bfsg LLC cut its position in shares of Leslie’s, Inc. (NASDAQ:LESL) by 23.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,370 shares of the company’s stock after selling 11,220 shares during the quarter. Bfsg LLC’s holdings in Leslie’s were worth $83,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LESL. Lind Value II ApS purchased a new stake in shares of Leslie’s in the 4th quarter valued at approximately $10,258,000. Private Management Group Inc. raised its stake in Leslie’s by 121.3% during the 3rd quarter. Private Management Group Inc. now owns 5,569,278 shares of the company’s stock valued at $17,599,000 after purchasing an additional 3,052,539 shares during the period. Weiss Asset Management LP purchased a new stake in shares of Leslie’s in the third quarter valued at $6,470,000. State Street Corp boosted its position in shares of Leslie’s by 7.7% in the third quarter. State Street Corp now owns 8,406,377 shares of the company’s stock worth $26,564,000 after buying an additional 601,177 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of Leslie’s during the third quarter valued at $1,702,000.

Leslie’s Price Performance

Leslie’s stock opened at $1.53 on Thursday. Leslie’s, Inc. has a one year low of $1.40 and a one year high of $8.05. The company’s fifty day moving average price is $2.09 and its two-hundred day moving average price is $2.58. The company has a market capitalization of $282.48 million, a price-to-earnings ratio of -10.17 and a beta of 1.10.

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

Analyst Upgrades and Downgrades

LESL has been the subject of several research analyst reports. Guggenheim reissued a “neutral” rating on shares of Leslie’s in a research note on Friday, February 7th. Bank of America lowered shares of Leslie’s from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $2.65 to $1.40 in a research report on Tuesday. Telsey Advisory Group lowered their price objective on shares of Leslie’s from $3.75 to $3.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. Robert W. Baird cut their target price 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, Mizuho decreased their target price on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $2.83.

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.