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

Brown Brothers Harriman & Co. grew its position in Leslie’s, Inc. (NASDAQ:LESL) by 34.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,500 shares of the company’s stock after purchasing an additional 19,462 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Leslie’s were worth $321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of LESL. nVerses Capital LLC bought a new position in shares of Leslie’s during the second quarter worth $26,000. Covestor Ltd boosted its position in shares of Leslie’s by 32,510.0% during the first quarter. Covestor Ltd now owns 6,522 shares of the company’s stock worth $42,000 after acquiring an additional 6,502 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Leslie’s during the second quarter worth $55,000. Los Angeles Capital Management LLC bought a new position in shares of Leslie’s during the second quarter worth $57,000. Finally, RPO LLC bought a new position in shares of Leslie’s during the fourth quarter worth $84,000.

Wall Street Analyst Weigh In

LESL has been the subject of a number of research reports. Loop Capital dropped their target price on shares of Leslie’s from $6.00 to $3.00 and set a “hold” rating for the company in a research report on Friday, July 19th. Stifel Nicolaus lowered shares of Leslie’s from a “hold” rating to a “sell” rating and dropped their target price for the stock from $5.25 to $2.50 in a research report on Thursday, July 18th. Mizuho decreased their price target on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Telsey Advisory Group reissued a “market perform” rating and issued a $4.00 price objective on shares of Leslie’s in a research note on Tuesday, August 27th. Finally, Jefferies Financial Group dropped their price objective on shares of Leslie’s from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.96.

Leslie’s Stock Down 1.7 %

Shares of NASDAQ:LESL opened at $2.84 on Thursday. The firm has a fifty day simple moving average of $3.05 and a two-hundred day simple moving average of $4.48. The stock has a market capitalization of $524.67 million, a P/E ratio of 35.50, a PEG ratio of 8.04 and a beta of 1.17. Leslie’s, Inc. has a 52 week low of $2.42 and a 52 week high of $8.21.

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

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.