Edgestream Partners L.P. purchased a new stake in shares of Leslie’s, Inc. (NASDAQ:LESL – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 173,263 shares of the company’s stock, valued at approximately $1,627,000. Edgestream Partners L.P. owned 0.09% of Leslie’s as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LESL. Capital Research Global Investors increased its stake in Leslie’s by 106.3% during the first quarter. Capital Research Global Investors now owns 7,009,446 shares of the company’s stock valued at $135,703,000 after acquiring an additional 3,612,422 shares during the period. Vanguard Group Inc. grew its stake in shares of Leslie’s by 19.6% in the 3rd quarter. Vanguard Group Inc. now owns 14,441,575 shares of the company’s stock valued at $212,435,000 after purchasing an additional 2,367,168 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Leslie’s by 60.8% in the 1st quarter. JPMorgan Chase & Co. now owns 6,236,698 shares of the company’s stock valued at $68,666,000 after purchasing an additional 2,358,726 shares during the period. State Street Corp grew its stake in shares of Leslie’s by 79.5% in the 3rd quarter. State Street Corp now owns 4,469,530 shares of the company’s stock valued at $65,747,000 after purchasing an additional 1,979,076 shares during the period. Finally, Brown Advisory Inc. grew its stake in shares of Leslie’s by 71.1% in the 1st quarter. Brown Advisory Inc. now owns 4,109,870 shares of the company’s stock valued at $45,250,000 after purchasing an additional 1,707,430 shares during the period.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on LESL. The Goldman Sachs Group lowered their price objective on Leslie’s from $16.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. Telsey Advisory Group reiterated a “market perform” rating and issued a $7.50 price objective on shares of Leslie’s in a research note on Thursday, August 17th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.31.
Leslie’s Price Performance
Shares of LESL opened at $5.69 on Tuesday. The business’s 50 day simple moving average is $5.18 and its 200-day simple moving average is $7.23. Leslie’s, Inc. has a one year low of $4.39 and a one year high of $17.13. The company has a market capitalization of $1.05 billion, a P/E ratio of 15.38, a PEG ratio of 3.54 and a beta of 0.76.
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 offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products, as well as installation and repair services for pool and spa equipment.
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