Allspring Global Investments Holdings LLC Has $10.61 Million Holdings in Leslie’s, Inc. (NASDAQ:LESL)

Allspring Global Investments Holdings LLC grew its stake in Leslie’s, Inc. (NASDAQ:LESL) by 6.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,532,326 shares of the company’s stock after buying an additional 146,215 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Leslie’s were worth $10,610,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Leslie’s by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 19,116,849 shares of the company’s stock worth $132,097,000 after purchasing an additional 492,416 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Leslie’s by 2.2% in the first quarter. Janus Henderson Group PLC now owns 7,320,338 shares of the company’s stock worth $47,581,000 after purchasing an additional 156,938 shares in the last quarter. DAVENPORT & Co LLC lifted its position in shares of Leslie’s by 12.4% in the first quarter. DAVENPORT & Co LLC now owns 4,519,246 shares of the company’s stock worth $29,375,000 after purchasing an additional 500,292 shares in the last quarter. Natixis Advisors L.P. lifted its position in shares of Leslie’s by 136.6% in the fourth quarter. Natixis Advisors L.P. now owns 2,230,959 shares of the company’s stock worth $15,415,000 after purchasing an additional 1,288,013 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Leslie’s by 24.3% in the second quarter. Raymond James & Associates now owns 2,096,631 shares of the company’s stock worth $8,785,000 after purchasing an additional 410,128 shares in the last quarter.

Leslie’s Price Performance

NASDAQ:LESL opened at $2.50 on Friday. The firm’s fifty day moving average price is $3.29 and its two-hundred day moving average price is $4.95. Leslie’s, Inc. has a one year low of $2.42 and a one year high of $8.21. The company has a market cap of $461.86 million, a P/E ratio of 31.25, a P/E/G ratio of 4.51 and a beta of 1.16.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Leslie’s had a net margin of 1.06% and a negative return on equity of 12.55%. The business had revenue of $569.64 million for the quarter, compared to the consensus estimate of $569.99 million. During the same period in the prior year, the company posted $0.40 earnings per share. Leslie’s’s revenue was down 6.8% compared to the same quarter last year. As a group, equities research analysts expect that Leslie’s, Inc. will post 0.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LESL shares. Jefferies Financial Group cut their price objective on shares of Leslie’s from $5.00 to $4.00 and set a “hold” rating on the stock in a research report on Wednesday, July 10th. Piper Sandler dropped their price target on shares of Leslie’s from $6.00 to $3.00 and set a “neutral” rating on the stock in a research report on Thursday, July 18th. Loop Capital dropped their price target on shares of Leslie’s from $6.00 to $3.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. Bank of America dropped their price target on shares of Leslie’s from $6.40 to $5.15 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $4.00 price target on shares of Leslie’s in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.96.

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.