Private Management Group Inc. Lowers Stake in Leslie's, Inc. (NASDAQ:LESL)

Private Management Group Inc. lessened its stake in shares of Leslie's, Inc. (NASDAQ:LESL - Free Report) by 28.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,551,644 shares of the company's stock after selling 611,974 shares during the quarter. Private Management Group Inc. owned about 0.84% of Leslie's worth $10,722,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Profund Advisors LLC acquired a new stake in Leslie's during the 3rd quarter valued at $58,000. Pathstone Family Office LLC acquired a new stake in shares of Leslie's during the third quarter worth $69,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Leslie's during the third quarter worth $74,000. GAMMA Investing LLC acquired a new stake in shares of Leslie's during the fourth quarter worth $101,000. Finally, Blueshift Asset Management LLC acquired a new stake in shares of Leslie's during the third quarter worth $87,000.

Leslie's Trading Down 7.0 %

NASDAQ:LESL traded down $0.32 during mid-day trading on Wednesday, hitting $4.25. The company had a trading volume of 2,584,024 shares, compared to its average volume of 2,964,906. The business has a fifty day simple moving average of $6.45 and a 200-day simple moving average of $6.19. Leslie's, Inc. has a 1 year low of $4.16 and a 1 year high of $11.68. The firm has a market capitalization of $784.17 million, a price-to-earnings ratio of 42.50, a PEG ratio of 0.67 and a beta of 0.90.

Leslie's (NASDAQ:LESL - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported ($0.21) EPS for the quarter, beating 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 company had revenue of $173.96 million for the quarter, compared to analyst estimates of $169.17 million. As a group, research analysts anticipate that Leslie's, Inc. will post 0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.