Creative Planning Takes Position in Leslie’s, Inc. (NASDAQ:LESL)

Creative Planning bought a new position in Leslie’s, Inc. (NASDAQ:LESL) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 24,341 shares of the company’s stock, valued at approximately $77,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. acquired a new position in Leslie’s during the first quarter valued at approximately $100,000. Private Management Group Inc. boosted its position in Leslie’s by 93.8% during the 2nd quarter. Private Management Group Inc. now owns 2,516,739 shares of the company’s stock worth $10,545,000 after purchasing an additional 1,218,047 shares during the period. Ariel Investments LLC increased its holdings in Leslie’s by 46.5% in the 2nd quarter. Ariel Investments LLC now owns 36,601,368 shares of the company’s stock valued at $153,360,000 after purchasing an additional 11,618,490 shares in the last quarter. Raymond James & Associates raised its position in Leslie’s by 24.3% in the second quarter. Raymond James & Associates now owns 2,096,631 shares of the company’s stock valued at $8,785,000 after purchasing an additional 410,128 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Leslie’s by 6.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,532,326 shares of the company’s stock worth $10,610,000 after purchasing an additional 146,215 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently commented on LESL. Loop Capital dropped their target price on Leslie’s from $6.00 to $3.00 and set a “hold” rating on the stock in a report on Friday, July 19th. Stifel Nicolaus lowered shares of Leslie’s from a “hold” rating to a “sell” rating and lowered their price target for the company from $5.25 to $2.50 in a report on Thursday, July 18th. Piper Sandler cut their price objective on shares of Leslie’s from $6.00 to $3.00 and set a “neutral” rating on the stock in a report on Thursday, July 18th. Bank of America lowered their target price on Leslie’s from $6.40 to $5.15 and set a “buy” rating for the company in a research note on Thursday, July 18th. Finally, Mizuho cut their price target on Leslie’s from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.96.

Leslie’s Stock Performance

NASDAQ:LESL opened at $2.91 on Wednesday. The stock has a 50-day simple moving average of $2.86 and a 200 day simple moving average of $3.60. Leslie’s, Inc. has a one year low of $2.42 and a one year high of $8.21. The company has a market capitalization of $538.10 million, a price-to-earnings ratio of 153.00, a price-to-earnings-growth ratio of 2.08 and a beta of 1.19.

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.