Wealth Alliance Buys 3,023 Shares of Leslie’s, Inc. (NASDAQ:LESL)

Wealth Alliance increased its stake in Leslie’s, Inc. (NASDAQ:LESL) by 17.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,393 shares of the company’s stock after purchasing an additional 3,023 shares during the period. Wealth Alliance’s holdings in Leslie’s were worth $141,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of LESL. FMR LLC increased its position in shares of Leslie’s by 463.1% in the first quarter. FMR LLC now owns 3,080 shares of the company’s stock worth $34,000 after purchasing an additional 2,533 shares during the period. Profund Advisors LLC bought a new position in shares of Leslie’s in the third quarter worth $58,000. Pathstone Family Office LLC bought a new position in shares of Leslie’s in the third quarter worth $69,000. Tower Research Capital LLC TRC increased its position in shares of Leslie’s by 113.5% in the third quarter. Tower Research Capital LLC TRC now owns 4,697 shares of the company’s stock worth $69,000 after purchasing an additional 2,497 shares during the period. Finally, UBS Group AG increased its position in shares of Leslie’s by 20.8% in the second quarter. UBS Group AG now owns 4,763 shares of the company’s stock worth $72,000 after purchasing an additional 820 shares during the period.

Leslie’s Trading Up 0.9 %

Shares of LESL stock opened at $4.45 on Friday. The business’s 50-day moving average price is $6.65 and its 200-day moving average price is $6.20. Leslie’s, Inc. has a 12 month low of $4.16 and a 12 month high of $11.68. The firm has a market capitalization of $821.07 million, a price-to-earnings ratio of 44.50, a PEG ratio of 0.66 and a beta of 0.90.

Leslie’s (NASDAQ:LESL) last posted its quarterly earnings data on Thursday, February 1st. The company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.01. The company had revenue of $173.96 million for the quarter, compared to analyst estimates of $169.17 million. Leslie’s had a negative return on equity of 15.00% and a net margin of 1.25%. On average, sell-side analysts predict that Leslie’s, Inc. will post 0.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on LESL shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 price objective on shares of Leslie’s in a research note on Friday, February 2nd. Loop Capital raised their price objective on Leslie’s from $6.00 to $8.00 and gave the company a “hold” rating in a research note on Tuesday, March 5th. Mizuho started coverage on Leslie’s in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $7.00 price objective on the stock. William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a research note on Friday, February 2nd. Finally, Stifel Nicolaus raised their price objective on Leslie’s from $5.40 to $6.30 and gave the company a “hold” rating in a research note on Friday, February 2nd. Ten equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.37.

About Leslie’s

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.