Brown Brothers Harriman & Co. Buys 19,462 Shares of Leslie’s, Inc. (NASDAQ:LESL)

Brown Brothers Harriman & Co. increased its holdings in shares of Leslie’s, Inc. (NASDAQ:LESL) by 34.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,500 shares of the company’s stock after acquiring an additional 19,462 shares during the period. Brown Brothers Harriman & Co.’s holdings in Leslie’s were worth $321,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Leslie’s by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 19,116,849 shares of the company’s stock worth $132,097,000 after acquiring an additional 492,416 shares in the last quarter. Janus Henderson Group PLC raised its holdings in 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 buying an additional 156,938 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in 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 buying an additional 500,292 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Leslie’s by 6.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,532,326 shares of the company’s stock worth $10,610,000 after buying an additional 146,215 shares during the last quarter. Finally, Private Management Group Inc. raised its holdings in Leslie’s by 93.8% in the second quarter. Private Management Group Inc. now owns 2,516,739 shares of the company’s stock worth $10,545,000 after buying an additional 1,218,047 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LESL shares. Jefferies Financial Group decreased their target price on shares of Leslie’s from $5.00 to $4.00 and set a “hold” rating for the company in a report on Wednesday, July 10th. Bank of America decreased their target price on shares of Leslie’s from $6.40 to $5.15 and set a “buy” rating for the company in a report on Thursday, July 18th. Loop Capital decreased their target price on shares of Leslie’s from $6.00 to $3.00 and set a “hold” rating for the company in a report on Friday, July 19th. Mizuho decreased their target price on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $4.00 target price on shares of Leslie’s in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $3.96.

Leslie’s Stock Down 1.7 %

LESL opened at $2.84 on Thursday. The firm has a 50 day moving average price of $3.05 and a 200-day moving average price of $4.48. Leslie’s, Inc. has a twelve month low of $2.42 and a twelve month high of $8.21. The stock has a market capitalization of $524.67 million, a price-to-earnings ratio of 35.50, a PEG ratio of 8.04 and a beta of 1.17.

Leslie’s (NASDAQ:LESL) last announced its earnings results on Wednesday, August 7th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Leslie’s had a net margin of 0.22% and a negative return on equity of 6.11%. The business had revenue of $569.64 million during the quarter, compared to analysts’ expectations of $569.99 million. During the same period in the prior year, the company earned $0.40 earnings per share. The firm’s revenue was down 6.8% on a year-over-year basis. As a group, analysts expect that Leslie’s, Inc. will post 0.04 earnings per share for the current year.

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.