Leslie’s, Inc. (NASDAQ:LESL) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in Leslie’s, Inc. (NASDAQ:LESL) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,699,861 shares of the company’s stock after acquiring an additional 54,318 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Leslie’s were worth $3,791,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. IHT Wealth Management LLC grew its stake in shares of Leslie’s by 52.6% in the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock valued at $51,000 after buying an additional 5,776 shares in the last quarter. FMR LLC boosted its stake in Leslie’s by 334.4% during the 3rd quarter. FMR LLC now owns 26,714 shares of the company’s stock worth $84,000 after purchasing an additional 20,564 shares during the period. Quadrature Capital Ltd acquired a new position in Leslie’s in the 3rd quarter valued at about $117,000. Intech Investment Management LLC purchased a new position in Leslie’s in the 3rd quarter valued at $144,000. Finally, Virtu Financial LLC raised its holdings in Leslie’s by 205.3% during the third quarter. Virtu Financial LLC now owns 48,496 shares of the company’s stock worth $153,000 after purchasing an additional 32,611 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Guggenheim restated a “neutral” rating on shares of Leslie’s in a research report on Friday, February 7th. Morgan Stanley decreased their target price on shares of Leslie’s from $3.00 to $1.50 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Stifel Nicolaus decreased their price objective on shares of Leslie’s from $1.90 to $1.55 and set a “sell” rating for the company in a research note on Friday, February 7th. Bank of America lowered shares of Leslie’s from a “buy” rating to an “underperform” rating and lowered their price target for the company from $2.65 to $1.40 in a report on Tuesday, February 18th. Finally, Robert W. Baird set a $3.00 price target on shares of Leslie’s in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $2.65.

Leslie’s Stock Down 5.6 %

Shares of NASDAQ:LESL opened at $0.87 on Thursday. Leslie’s, Inc. has a fifty-two week low of $0.75 and a fifty-two week high of $6.90. The company has a market cap of $161.76 million, a PE ratio of -5.82 and a beta of 1.20. The company’s 50-day moving average price is $1.46 and its 200 day moving average price is $2.23.

Leslie’s (NASDAQ:LESL) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates 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.