Clarkston Capital Partners LLC Lowers Position in Leslie's, Inc. (NASDAQ:LESL)

Clarkston Capital Partners LLC cut its holdings in Leslie's, Inc. (NASDAQ:LESL - Free Report) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,052,900 shares of the company's stock after selling 379,950 shares during the quarter. Leslie's makes up approximately 1.0% of Clarkston Capital Partners LLC's holdings, making the stock its 25th largest holding. Clarkston Capital Partners LLC owned about 12.45% of Leslie's worth $51,408,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cullen Capital Management LLC purchased a new position in shares of Leslie's during the fourth quarter valued at approximately $133,000. Wells Fargo & Company MN boosted its holdings in Leslie's by 15.6% in the fourth quarter. Wells Fargo & Company MN now owns 101,288 shares of the company's stock valued at $226,000 after acquiring an additional 13,696 shares in the last quarter. RPO LLC bought a new stake in Leslie's in the fourth quarter valued at $55,000. Geode Capital Management LLC raised its holdings in Leslie's by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 4,226,600 shares of the company's stock worth $9,428,000 after purchasing an additional 91,898 shares in the last quarter. Finally, Blair William & Co. IL bought a new position in Leslie's in the 4th quarter worth $48,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on LESL. Telsey Advisory Group restated a "market perform" rating and issued a $3.00 price objective on shares of Leslie's in a report on Tuesday, March 18th. Mizuho dropped their price target on Leslie's from $4.00 to $3.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. The Goldman Sachs Group lowered their price objective on Leslie's from $4.00 to $3.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Bank of America downgraded shares of Leslie's from a "buy" rating to an "underperform" rating and reduced their target price for the stock from $2.65 to $1.40 in a research report on Tuesday, February 18th. Finally, Robert W. Baird set a $3.00 price target on shares of Leslie's in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $2.65.

Leslie's Stock Down 0.3 %

Shares of Leslie's stock traded down $0.00 on Friday, reaching $0.57. The company's stock had a trading volume of 799,704 shares, compared to its average volume of 5,665,595. Leslie's, Inc. has a 52 week low of $0.54 and a 52 week high of $6.02. The firm's fifty day simple moving average is $1.09 and its two-hundred day simple moving average is $2.03. The company has a market capitalization of $105.58 million, a price-to-earnings ratio of -3.81 and a beta of 1.30.

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

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.