Prescott Group Capital Management L.L.C. Has $1.23 Million Position in Leslie's, Inc. (NASDAQ:LESL)

Prescott Group Capital Management L.L.C. boosted its stake in Leslie's, Inc. (NASDAQ:LESL - Free Report) by 587.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 550,000 shares of the company's stock after acquiring an additional 470,000 shares during the period. Prescott Group Capital Management L.L.C. owned 0.30% of Leslie's worth $1,226,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Lind Value II ApS bought a new position in shares of Leslie's during the fourth quarter worth about $10,258,000. Weiss Asset Management LP bought a new position in shares of Leslie's during the 3rd quarter valued at about $6,470,000. Raymond James Financial Inc. purchased a new stake in Leslie's during the fourth quarter valued at about $1,807,000. State Street Corp lifted 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 purchasing an additional 601,177 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Leslie's in the third quarter worth approximately $1,702,000.

Leslie's Trading Up 3.1 %

Shares of Leslie's stock traded up $0.03 during trading on Friday, reaching $1.03. The company's stock had a trading volume of 3,657,594 shares, compared to its average volume of 7,621,286. The stock has a 50-day moving average price of $1.82 and a two-hundred day moving average price of $2.42. Leslie's, Inc. has a one year low of $0.91 and a one year high of $8.02. The stock has a market capitalization of $190.78 million, a P/E ratio of -6.87 and a beta of 1.20.

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Leslie's (NASDAQ:LESL - Get Free Report) last announced 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 return on equity of 6.11% and a negative net margin of 2.13%.

Analysts Set New Price Targets

Several brokerages have commented on LESL. Mizuho lowered their price target on Leslie's from $4.00 to $3.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Guggenheim restated a "neutral" rating on shares of Leslie's in a research note on Friday, February 7th. Morgan Stanley lowered their price objective on shares of Leslie's from $3.00 to $1.50 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. William Blair restated a "market perform" rating on shares of Leslie's in a research note on Tuesday, November 26th. Finally, Bank of America downgraded shares of Leslie's from a "buy" rating to an "underperform" rating and lowered their price objective for the stock from $2.65 to $1.40 in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $2.65.

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.