Envestnet Asset Management Inc. Lowers Stock Position in Leslie's, Inc. (NASDAQ:LESL)

Envestnet Asset Management Inc. reduced its stake in Leslie's, Inc. (NASDAQ:LESL - Free Report) by 82.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 273,910 shares of the company's stock after selling 1,268,603 shares during the quarter. Envestnet Asset Management Inc. owned 0.15% of Leslie's worth $611,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Leslie's during the 4th quarter worth approximately $1,807,000. Lind Value II ApS acquired a new stake in shares of Leslie's in the fourth quarter valued at $10,258,000. Principal Financial Group Inc. grew its stake in Leslie's by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 900,877 shares of the company's stock worth $2,009,000 after purchasing an additional 27,615 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Leslie's by 142.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 586,926 shares of the company's stock worth $1,855,000 after purchasing an additional 344,873 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Leslie's by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 4,226,600 shares of the company's stock worth $9,428,000 after purchasing an additional 91,898 shares during the period.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LESL. Guggenheim reiterated a "neutral" rating on shares of Leslie's in a research note on Friday, February 7th. Bank of America cut shares of 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 research report on Tuesday, February 18th. Stifel Nicolaus raised Leslie's from a "sell" rating to a "hold" rating in a report on Friday, April 25th. The Goldman Sachs Group decreased their price target on Leslie's from $4.00 to $3.00 and set a "neutral" rating for the company in a report on Tuesday, February 11th. Finally, Robert W. Baird set a $3.00 price objective on Leslie's in a report on Tuesday, February 4th. One equities 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.com, the company has a consensus rating of "Hold" and an average price target of $2.65.

Leslie's Price Performance

Shares of NASDAQ:LESL traded up $0.01 on Tuesday, reaching $0.65. The company's stock had a trading volume of 2,163,871 shares, compared to its average volume of 5,520,667. Leslie's, Inc. has a 52-week low of $0.51 and a 52-week high of $6.02. The stock's 50-day moving average is $0.73 and its two-hundred day moving average is $1.76. The stock has a market capitalization of $121.14 million, a P/E ratio of -4.36 and a beta of 1.32.

Leslie's (NASDAQ:LESL - Get Free Report) last announced 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 net margin of 2.13% and a negative return on equity of 6.11%.

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.