Allspring Global Investments Holdings LLC Raises Stock Position in Leslie's, Inc. (NASDAQ:LESL)

Allspring Global Investments Holdings LLC grew its stake in Leslie's, Inc. (NASDAQ:LESL - Free Report) by 18.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,633,997 shares of the company's stock after purchasing an additional 404,635 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.43% of Leslie's worth $18,201,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of LESL. FMR LLC raised its stake in shares of Leslie's by 463.1% in the first quarter. FMR LLC now owns 3,080 shares of the company's stock valued at $34,000 after buying an additional 2,533 shares during the period. Profund Advisors LLC bought a new stake in shares of Leslie's in the third quarter valued at $58,000. Pathstone Family Office LLC bought a new stake in shares of Leslie's in the third quarter valued at $69,000. Tower Research Capital LLC TRC raised its stake 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 valued at $69,000 after buying an additional 2,497 shares during the period. Finally, UBS Group AG raised its stake 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 valued at $72,000 after buying an additional 820 shares during the period.

Leslie's Stock Performance

Leslie's stock traded down $0.21 during midday trading on Monday, hitting $4.38. 5,346,838 shares of the company's stock were exchanged, compared to its average volume of 2,842,366. The stock has a 50-day moving average price of $6.91 and a two-hundred day moving average price of $6.25. Leslie's, Inc. has a 52-week low of $4.36 and a 52-week high of $11.68. The company has a market cap of $808.15 million, a P/E ratio of 43.80, a PEG ratio of 0.69 and a beta of 0.90.

Leslie's (NASDAQ:LESL - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.01. Leslie's had a negative return on equity of 15.00% and a net margin of 1.25%. The firm had revenue of $173.96 million during the quarter, compared to analyst estimates of $169.17 million. As a group, sell-side analysts expect that Leslie's, Inc. will post 0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LESL. Telsey Advisory Group restated a "market perform" rating and issued a $6.00 target price on shares of Leslie's in a research note on Friday, February 2nd. Mizuho started coverage on Leslie's in a research report on Tuesday, March 19th. They issued a "neutral" rating and a $7.00 price target for the company. Loop Capital lifted their price target on Leslie's from $6.00 to $8.00 and gave the company a "hold" rating in a research report on Tuesday, March 5th. William Blair reiterated a "market perform" rating on shares of Leslie's in a research report on Friday, February 2nd. Finally, Stifel Nicolaus lifted their price target on Leslie's from $5.40 to $6.30 and gave the company a "hold" rating in a research report on Friday, February 2nd. Ten equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $6.37.

Leslie's 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.