Allspring Global Investments Holdings LLC Purchases 258,686 Shares of Leslie's, Inc. (NASDAQ:LESL)

Allspring Global Investments Holdings LLC raised its holdings in shares of Leslie's, Inc. (NASDAQ:LESL - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,136,076 shares of the company's stock after purchasing an additional 258,686 shares during the period. Allspring Global Investments Holdings LLC owned about 1.69% of Leslie's worth $6,993,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new stake in Leslie's during the third quarter valued at $32,000. Blue Trust Inc. boosted its holdings in shares of Leslie's by 1,089.6% during the third quarter. Blue Trust Inc. now owns 11,075 shares of the company's stock valued at $35,000 after acquiring an additional 10,144 shares during the period. IHT Wealth Management LLC boosted its holdings in shares of Leslie's by 52.6% during the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company's stock valued at $51,000 after acquiring an additional 5,776 shares during the period. Integrated Investment Consultants LLC boosted its holdings in shares of Leslie's by 36.1% during the third quarter. Integrated Investment Consultants LLC now owns 21,500 shares of the company's stock valued at $68,000 after acquiring an additional 5,700 shares during the period. Finally, Creative Planning acquired a new position in shares of Leslie's during the third quarter valued at $77,000.

Leslie's Stock Performance

Shares of NASDAQ LESL traded down $0.06 during mid-day trading on Friday, reaching $1.42. The company had a trading volume of 8,659,961 shares, compared to its average volume of 7,067,067. Leslie's, Inc. has a twelve month low of $1.40 and a twelve month high of $8.05. The stock has a market capitalization of $263.03 million, a PE ratio of -9.47 and a beta of 1.10. The stock's 50 day moving average is $2.05 and its 200-day moving average is $2.56.

Leslie's (NASDAQ:LESL - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates 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%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LESL. Robert W. Baird reduced their price target on shares of Leslie's from $4.00 to $3.50 and set a "neutral" rating for the company in a report on Tuesday, November 26th. Guggenheim reissued a "neutral" rating on shares of Leslie's in a report on Friday, February 7th. Bank of America downgraded shares of Leslie's from a "buy" rating to an "underperform" rating and reduced their price objective for the stock from $2.65 to $1.40 in a report on Tuesday. Stifel Nicolaus reduced their price objective on shares of Leslie's from $1.90 to $1.55 and set a "sell" rating for the company in a report on Friday, February 7th. Finally, The Goldman Sachs Group reduced 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. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $2.83.

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.