Leslie's, Inc. (NASDAQ:LESL) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in Leslie's, Inc. (NASDAQ:LESL - Free Report) by 13.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,877,390 shares of the company's stock after buying an additional 345,064 shares during the period. Allspring Global Investments Holdings LLC owned 1.56% of Leslie's worth $9,093,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Leslie's by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 19,116,849 shares of the company's stock worth $132,097,000 after purchasing an additional 492,416 shares in the last quarter. Diversified Trust Co grew its holdings in Leslie's by 4.1% during the 1st quarter. Diversified Trust Co now owns 82,092 shares of the company's stock valued at $534,000 after buying an additional 3,200 shares in the last quarter. Capstone Investment Advisors LLC increased its stake in Leslie's by 150.2% in the 1st quarter. Capstone Investment Advisors LLC now owns 59,598 shares of the company's stock worth $387,000 after acquiring an additional 35,779 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Leslie's by 12.4% during the 1st quarter. DAVENPORT & Co LLC now owns 4,519,246 shares of the company's stock worth $29,375,000 after acquiring an additional 500,292 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its holdings in shares of Leslie's by 1.7% in the first quarter. Texas Permanent School Fund Corp now owns 160,928 shares of the company's stock valued at $1,046,000 after purchasing an additional 2,710 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on LESL shares. Telsey Advisory Group restated a "market perform" rating and issued a $4.00 price target on shares of Leslie's in a research report on Tuesday, August 27th. Bank of America reduced their price target on shares of Leslie's from $6.40 to $5.15 and set a "buy" rating on the stock in a research note on Thursday, July 18th. Loop Capital decreased their price target on shares of Leslie's from $6.00 to $3.00 and set a "hold" rating for the company in a research note on Friday, July 19th. Jefferies Financial Group reduced their price objective on Leslie's from $5.00 to $4.00 and set a "hold" rating on the stock in a report on Wednesday, July 10th. Finally, Mizuho cut their price objective on shares of Leslie's from $6.00 to $4.00 and set a "neutral" rating on the stock in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $3.96.

Leslie's Price Performance

Leslie's stock traded down $0.15 during midday trading on Friday, reaching $2.82. The company had a trading volume of 3,046,249 shares, compared to its average volume of 4,268,708. Leslie's, Inc. has a 12-month low of $2.42 and a 12-month high of $8.21. The company has a market capitalization of $520.98 million, a P/E ratio of 35.25, a P/E/G ratio of 1.94 and a beta of 1.17. The firm's fifty day simple moving average is $2.86 and its 200-day simple moving average is $3.72.

Leslie's (NASDAQ:LESL - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. The firm had revenue of $569.64 million during the quarter, compared to analyst estimates of $569.99 million. Leslie's had a negative return on equity of 6.11% and a net margin of 0.22%. Leslie's's revenue was down 6.8% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. On average, analysts expect that Leslie's, Inc. will post 0.04 EPS for the current fiscal year.

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.