Penn Capital Management Company LLC Buys Shares of 564,781 Leslie's, Inc. (NASDAQ:LESL)

Penn Capital Management Company LLC bought a new position in shares of Leslie's, Inc. (NASDAQ:LESL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 564,781 shares of the company's stock, valued at approximately $1,259,000. Penn Capital Management Company LLC owned approximately 0.30% of Leslie's as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Kerrisdale Advisers LLC boosted its position in shares of Leslie's by 6.0% during the 4th quarter. Kerrisdale Advisers LLC now owns 160,438 shares of the company's stock worth $358,000 after purchasing an additional 9,033 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Leslie's by 92.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 21,588 shares of the company's stock valued at $48,000 after acquiring an additional 10,396 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Leslie's by 10.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 112,796 shares of the company's stock valued at $252,000 after acquiring an additional 11,025 shares during the period. Mariner LLC bought a new stake in shares of Leslie's during the fourth quarter valued at approximately $25,000. Finally, Wells Fargo & Company MN raised its position in shares of Leslie's by 15.6% during the fourth quarter. Wells Fargo & Company MN now owns 101,288 shares of the company's stock worth $226,000 after purchasing an additional 13,696 shares during the period.

Leslie's Trading Up 0.2 %

Shares of NASDAQ:LESL traded up $0.00 during mid-day trading on Tuesday, reaching $0.63. The company had a trading volume of 602,193 shares, compared to its average volume of 6,086,620. The company's 50-day moving average price is $0.81 and its 200-day moving average price is $1.84. Leslie's, Inc. has a one year low of $0.51 and a one year high of $6.02. The firm has a market cap of $116.69 million, a price-to-earnings ratio of -4.19 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 for the quarter, missing the consensus estimate 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

A number of analysts have commented on LESL shares. Telsey Advisory Group restated a "market perform" rating and set a $3.00 price objective on shares of Leslie's in a report on Tuesday, March 18th. Guggenheim reaffirmed a "neutral" rating on shares of Leslie's in a research report on Friday, February 7th. Bank of America lowered Leslie's from a "buy" rating to an "underperform" rating and decreased their price objective for the stock from $2.65 to $1.40 in a report on Tuesday, February 18th. Stifel Nicolaus upgraded Leslie's from a "sell" rating to a "hold" rating in a report on Friday. Finally, Morgan Stanley decreased their price target on Leslie's from $3.00 to $1.50 and set an "equal weight" rating for the company in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $2.65.

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.