Primecap Management Co. CA Has $2.81 Million Position in Leslie’s, Inc. (NASDAQ:LESL)

Primecap Management Co. CA boosted its holdings in shares of Leslie’s, Inc. (NASDAQ:LESL) by 29.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,260,900 shares of the company’s stock after buying an additional 284,100 shares during the period. Primecap Management Co. CA owned approximately 0.68% of Leslie’s worth $2,812,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in LESL. Cibc World Markets Corp bought a new stake in shares of Leslie’s during the fourth quarter worth about $38,000. Gitterman Wealth Management LLC bought a new stake in Leslie’s during the 4th quarter worth approximately $41,000. PNC Financial Services Group Inc. lifted its holdings in shares of Leslie’s by 92.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 21,588 shares of the company’s stock valued at $48,000 after purchasing an additional 10,396 shares in the last quarter. IHT Wealth Management LLC boosted its position in shares of Leslie’s by 52.6% during the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock valued at $51,000 after buying an additional 5,776 shares during the last quarter. Finally, Integrated Investment Consultants LLC lifted its stake in Leslie’s by 36.1% during the 3rd quarter. Integrated Investment Consultants LLC now owns 21,500 shares of the company’s stock valued at $68,000 after acquiring an additional 5,700 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $3.00 target price on shares of Leslie’s in a research note on Tuesday. Bank of America downgraded shares of Leslie’s from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $2.65 to $1.40 in a research report on Tuesday, February 18th. The Goldman Sachs Group dropped their target price 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. Robert W. Baird set a $3.00 target price on Leslie’s in a report on Tuesday, February 4th. Finally, William Blair reiterated a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $2.65.

Leslie’s Stock Up 1.1 %

NASDAQ LESL opened at $0.85 on Thursday. The company has a market cap of $157.78 million, a PE ratio of -5.68 and a beta of 1.20. The firm’s 50-day simple moving average is $1.60 and its two-hundred day simple moving average is $2.31. Leslie’s, Inc. has a 52 week low of $0.76 and a 52 week high of $7.70.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings data 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 return on equity of 6.11% and a negative net margin of 2.13%.

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.