Invesco Ltd. Has $3.46 Million Position in Leslie's, Inc. (NASDAQ:LESL)

Invesco Ltd. increased its position in shares of Leslie's, Inc. (NASDAQ:LESL - Free Report) by 67.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,550,254 shares of the company's stock after purchasing an additional 625,080 shares during the quarter. Invesco Ltd. owned approximately 0.84% of Leslie's worth $3,457,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Lind Value II ApS purchased a new stake in shares of Leslie's in the fourth quarter valued at about $10,258,000. Geode Capital Management LLC lifted its stake in Leslie's by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 4,226,600 shares of the company's stock worth $9,428,000 after acquiring an additional 91,898 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Leslie's by 9.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,136,076 shares of the company's stock worth $6,993,000 after buying an additional 258,686 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Leslie's by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,699,861 shares of the company's stock worth $3,791,000 after acquiring an additional 54,318 shares in the last quarter. Finally, Primecap Management Co. CA boosted its stake in shares of Leslie's by 29.1% during the fourth quarter. Primecap Management Co. CA now owns 1,260,900 shares of the company's stock worth $2,812,000 after buying an additional 284,100 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on LESL shares. Mizuho reduced their target price on Leslie's from $4.00 to $3.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Morgan Stanley dropped their target price on shares of Leslie's from $3.00 to $1.50 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Robert W. Baird set a $3.00 price target on Leslie's in a research note on Tuesday, February 4th. Bank of America downgraded Leslie's from a "buy" rating to an "underperform" rating and dropped their price objective for the company from $2.65 to $1.40 in a research note on Tuesday, February 18th. Finally, Guggenheim restated a "neutral" rating on shares of Leslie's in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $2.65.

Leslie's Stock Performance

NASDAQ LESL traded up $0.01 on Thursday, reaching $0.62. The company's stock had a trading volume of 469,621 shares, compared to its average volume of 5,550,303. Leslie's, Inc. has a twelve month low of $0.51 and a twelve month high of $6.02. The firm's 50 day moving average is $0.78 and its two-hundred day moving average is $1.82. The stock has a market cap of $113.91 million, a PE ratio of -4.10 and a beta of 1.30.

Leslie's (NASDAQ:LESL - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates 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%.

Leslie's Company 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.