Leslie’s, Inc. (NASDAQ:LESL) Shares Purchased by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. grew its position in shares of Leslie’s, Inc. (NASDAQ:LESL) by 587.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 550,000 shares of the company’s stock after purchasing an additional 470,000 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Leslie’s were worth $1,226,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Lind Value II ApS bought a new stake in Leslie’s in the 4th quarter valued at about $10,258,000. Weiss Asset Management LP bought a new stake in shares of Leslie’s during the third quarter valued at approximately $6,470,000. Raymond James Financial Inc. acquired a new position in shares of Leslie’s during the fourth quarter worth approximately $1,807,000. State Street Corp boosted its position in shares of Leslie’s by 7.7% during the third quarter. State Street Corp now owns 8,406,377 shares of the company’s stock worth $26,564,000 after buying an additional 601,177 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in Leslie’s in the 3rd quarter valued at approximately $1,702,000.

Wall Street Analysts Forecast Growth

LESL has been the subject of a number of analyst reports. Bank of America lowered Leslie’s from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $2.65 to $1.40 in a research report on Tuesday, February 18th. William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. Telsey Advisory Group decreased their target price on shares of Leslie’s from $3.75 to $3.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. The Goldman Sachs Group dropped their price target on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Finally, Mizuho decreased their price objective on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat, Leslie’s has an average rating of “Hold” and a consensus target price of $2.65.

Leslie’s Trading Down 1.1 %

Shares of NASDAQ LESL opened at $1.00 on Friday. The firm has a 50-day moving average of $1.84 and a two-hundred day moving average of $2.44. The company has a market capitalization of $184.99 million, a price-to-earnings ratio of -6.66 and a beta of 1.20. Leslie’s, Inc. has a twelve month low of $0.91 and a twelve month high of $8.02.

Leslie’s (NASDAQ:LESL) last released its earnings results on Thursday, February 6th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate 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%.

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.