Wedge Capital Management L L P NC Sells 2,471 Shares of Leslie’s, Inc. (NASDAQ:LESL)

Wedge Capital Management L L P NC trimmed its stake in shares of Leslie’s, Inc. (NASDAQ:LESL) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 391,250 shares of the company’s stock after selling 2,471 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Leslie’s were worth $2,704,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LESL. Profund Advisors LLC purchased a new stake in shares of Leslie’s in the third quarter worth about $58,000. Pathstone Family Office LLC purchased a new position in shares of Leslie’s during the 3rd quarter valued at $69,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Leslie’s in the third quarter worth $74,000. Blueshift Asset Management LLC bought a new position in Leslie’s in the 3rd quarter worth about $87,000. Finally, Sage Rhino Capital LLC bought a new stake in Leslie’s during the third quarter valued at approximately $91,000.

Leslie’s Trading Down 7.0 %

NASDAQ:LESL opened at $4.25 on Thursday. Leslie’s, Inc. has a 12 month low of $4.16 and a 12 month high of $11.68. The company has a 50-day moving average price of $6.45 and a 200-day moving average price of $6.19. The stock has a market cap of $784.17 million, a price-to-earnings ratio of 42.50, a P/E/G ratio of 0.70 and a beta of 0.90.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings data on Thursday, February 1st. The company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.01. Leslie’s had a net margin of 1.25% and a negative return on equity of 15.00%. The business had revenue of $173.96 million during the quarter, compared to analyst estimates of $169.17 million. Equities analysts forecast that Leslie’s, Inc. will post 0.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LESL has been the subject of a number of recent research reports. Stifel Nicolaus boosted their target price on Leslie’s from $5.40 to $6.30 and gave the stock a “hold” rating in a research report on Friday, February 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 target price on shares of Leslie’s in a research note on Friday, February 2nd. Loop Capital increased their price target on shares of Leslie’s from $6.00 to $8.00 and gave the company a “hold” rating in a research report on Tuesday, March 5th. Mizuho assumed coverage on shares of Leslie’s in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $7.00 price objective on the stock. Finally, William Blair reiterated a “market perform” rating on shares of Leslie’s in a report on Friday, February 2nd. Ten analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.37.

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.