Murphy & Mullick Capital Management Corp Purchases Shares of 88,706 Leslie’s, Inc. (NASDAQ:LESL)

Murphy & Mullick Capital Management Corp bought a new stake in Leslie’s, Inc. (NASDAQ:LESL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 88,706 shares of the company’s stock, valued at approximately $198,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cibc World Markets Corp acquired a new position in Leslie’s during the 4th quarter worth about $38,000. Gitterman Wealth Management LLC bought a new position in shares of Leslie’s in the fourth quarter worth about $41,000. PNC Financial Services Group Inc. lifted its position in shares of Leslie’s by 92.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 21,588 shares of the company’s stock worth $48,000 after purchasing an additional 10,396 shares in the last quarter. IHT Wealth Management LLC grew its stake 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 purchasing an additional 5,776 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Leslie’s in the fourth quarter valued at approximately $65,000.

Analysts Set New Price Targets

Several research analysts have issued reports on LESL shares. Robert W. Baird set a $3.00 price objective on Leslie’s in a report on Tuesday, February 4th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $3.00 price target on shares of Leslie’s in a research note on Tuesday, March 18th. The Goldman Sachs Group lowered their price objective on Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Mizuho cut 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 Monday, January 6th. Finally, Guggenheim reiterated a “neutral” rating on shares of Leslie’s in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $2.65.

Leslie’s Stock Performance

Shares of NASDAQ LESL opened at $0.87 on Thursday. Leslie’s, Inc. has a 52-week low of $0.75 and a 52-week high of $6.90. The stock has a market cap of $161.76 million, a P/E ratio of -5.82 and a beta of 1.20. The firm has a 50 day moving average price of $1.46 and a 200 day moving average price of $2.23.

Leslie’s (NASDAQ:LESL) last posted its earnings results on Thursday, February 6th. The company reported ($0.23) earnings per share (EPS) 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%.

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.