Brown Advisory Inc. Grows Position in Leslie’s, Inc. (NASDAQ:LESL)

Brown Advisory Inc. raised its holdings in Leslie’s, Inc. (NASDAQ:LESLGet Rating) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,242,690 shares of the company’s stock after acquiring an additional 108,254 shares during the period. Brown Advisory Inc. owned approximately 2.87% of Leslie’s worth $101,660,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. William Blair Investment Management LLC raised its holdings in shares of Leslie’s by 42.3% in the 4th quarter. William Blair Investment Management LLC now owns 10,975,142 shares of the company’s stock valued at $259,672,000 after acquiring an additional 3,262,915 shares in the last quarter. Champlain Investment Partners LLC raised its holdings in shares of Leslie’s by 27.9% in the 4th quarter. Champlain Investment Partners LLC now owns 10,511,925 shares of the company’s stock valued at $248,712,000 after acquiring an additional 2,293,275 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Leslie’s by 34.2% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,652,149 shares of the company’s stock valued at $228,370,000 after acquiring an additional 2,458,478 shares in the last quarter. Pictet Asset Management SA raised its holdings in shares of Leslie’s by 19.3% during the 4th quarter. Pictet Asset Management SA now owns 5,973,679 shares of the company’s stock valued at $141,337,000 after buying an additional 965,093 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Leslie’s by 14.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,172,764 shares of the company’s stock valued at $98,727,000 after buying an additional 526,421 shares in the last quarter.

Leslie’s Price Performance

LESL opened at $15.20 on Friday. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 1.23 and a beta of 0.78. Leslie’s, Inc. has a 1 year low of $13.65 and a 1 year high of $25.73. The stock’s 50 day simple moving average is $16.18 and its 200 day simple moving average is $18.74.

Leslie’s (NASDAQ:LESLGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The firm had revenue of $228.07 million for the quarter, compared to analyst estimates of $211.32 million. Leslie’s had a negative return on equity of 48.04% and a net margin of 9.97%. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company earned ($0.02) EPS. As a group, sell-side analysts anticipate that Leslie’s, Inc. will post 1.03 EPS for the current year.

Insider Transactions at Leslie’s

In other news, insider Moyo Labode sold 4,696 shares of Leslie’s stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of $17.48, for a total value of $82,086.08. Following the sale, the insider now directly owns 11,554 shares in the company, valued at approximately $201,963.92. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

LESL has been the topic of a number of research reports. Telsey Advisory Group decreased their price objective on Leslie’s from $30.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday, June 7th. Robert W. Baird decreased their price objective on Leslie’s from $28.00 to $25.00 in a report on Friday, May 6th. Loop Capital cut Leslie’s from a “buy” rating to a “hold” rating and decreased their price objective for the company from $26.00 to $16.00 in a report on Thursday, June 23rd. Stifel Nicolaus decreased their price objective on Leslie’s from $29.00 to $25.00 in a report on Tuesday, June 14th. Finally, Guggenheim reduced their price target on Leslie’s from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, June 23rd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Leslie’s presently has an average rating of “Moderate Buy” and an average price target of $26.22.

About Leslie’s

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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 pool chemicals consisting of chlorine, sanitizers, water balancers, specialty chemicals, and algae control; pool covers, including winter, solar and safety covers, leaf nets, cover reels, and cover alternatives; pool equipment, which comprise pool cleaners, pool pumps, pool filters, pool heating, and lighting; and pools, such as above ground pools, soft side pools, above ground pools liners and equipment, ladders and rails, and diving boards.

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Institutional Ownership by Quarter for Leslie's (NASDAQ:LESL)

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