Rhumbline Advisers Trims Stake in Leslie’s, Inc. (NASDAQ:LESL)

Rhumbline Advisers cut its position in Leslie’s, Inc. (NASDAQ:LESL) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 523,617 shares of the company’s stock after selling 13,002 shares during the quarter. Rhumbline Advisers owned approximately 0.28% of Leslie’s worth $1,168,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LESL. Creative Planning acquired a new stake in shares of Leslie’s in the third quarter valued at approximately $77,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Leslie’s in the 3rd quarter valued at $32,000. Crossmark Global Holdings Inc. boosted its stake in Leslie’s by 1,173.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 145,334 shares of the company’s stock worth $459,000 after purchasing an additional 133,918 shares during the period. Versor Investments LP purchased a new position in Leslie’s during the 3rd quarter worth $187,000. Finally, GSA Capital Partners LLP acquired a new position in Leslie’s in the third quarter valued at $98,000.

Leslie’s Price Performance

Shares of LESL stock opened at $1.01 on Thursday. Leslie’s, Inc. has a 1-year low of $0.91 and a 1-year high of $8.02. The business’s fifty day moving average price is $1.87 and its 200 day moving average price is $2.45. The firm has a market capitalization of $187.08 million, a PE ratio of -6.73 and a beta of 1.10.

Leslie’s (NASDAQ:LESL) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). Leslie’s had a negative return on equity of 6.11% and a negative net margin of 2.13%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LESL shares. Robert W. Baird set a $3.00 target price on shares of Leslie’s in a research note on Tuesday, February 4th. William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. Bank of America downgraded Leslie’s from a “buy” rating to an “underperform” rating and lowered their target price for the company from $2.65 to $1.40 in a research note on Tuesday, February 18th. Mizuho cut their price target on Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, Morgan Stanley lowered their price objective 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. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to MarketBeat.com, Leslie’s currently has a consensus rating of “Hold” and an average target price of $2.65.

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.