Ferguson Wellman Capital Management Inc. grew its position in shares of Leslie's, Inc. (NASDAQ:LESL – Get Rating) by 78.4% in the third quarter, Holdings Channel reports. The fund owned 1,013,793 shares of the company's stock after buying an additional 445,590 shares during the quarter. Ferguson Wellman Capital Management Inc.'s holdings in Leslie's were worth $14,913,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Advisor Group Holdings Inc. raised its position in Leslie's by 4.2% during the first quarter. Advisor Group Holdings Inc. now owns 16,548 shares of the company's stock valued at $369,000 after purchasing an additional 674 shares during the period. UBS Group AG increased its position in shares of Leslie's by 20.8% during the 2nd quarter. UBS Group AG now owns 4,763 shares of the company's stock valued at $72,000 after purchasing an additional 820 shares during the last quarter. Private Advisor Group LLC raised its holdings in Leslie's by 4.2% during the 1st quarter. Private Advisor Group LLC now owns 24,103 shares of the company's stock valued at $467,000 after buying an additional 971 shares during the period. Cetera Investment Advisers lifted its position in Leslie's by 6.8% in the first quarter. Cetera Investment Advisers now owns 16,445 shares of the company's stock worth $318,000 after buying an additional 1,050 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Leslie's by 21.3% during the second quarter. Allworth Financial LP now owns 6,063 shares of the company's stock worth $92,000 after buying an additional 1,063 shares during the period.
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Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on LESL shares. MKM Partners assumed coverage on shares of Leslie's in a research note on Tuesday, October 4th. They issued a "neutral" rating and a $14.00 target price on the stock. Piper Sandler decreased their price objective on shares of Leslie's to $17.00 in a research note on Friday, December 2nd. Robert W. Baird lowered Leslie's from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $18.00 to $16.00 in a research report on Tuesday, November 15th. Telsey Advisory Group reduced their price target on Leslie's from $16.00 to $15.00 and set a "market perform" rating on the stock in a report on Thursday, December 1st. Finally, Stifel Nicolaus cut Leslie's from a "buy" rating to a "hold" rating and dropped their price objective for the company from $17.00 to $15.00 in a report on Thursday, December 1st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $17.22.
Insider Transactions at Leslie's
In related news, major shareholder Investor Aggregator L. Bubbles sold 9,343,499 shares of Leslie's stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $12.02, for a total value of $112,308,857.98. Following the completion of the sale, the insider now directly owns 8,776,904 shares in the company, valued at $105,498,386.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through
this hyperlink. In related news, major shareholder Investor Aggregator L. Bubbles sold 9,343,499 shares of Leslie's stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $12.02, for a total transaction of $112,308,857.98. Following the transaction, the insider now directly owns 8,776,904 shares of the company's stock, valued at $105,498,386.08. The sale was disclosed in a filing with the SEC, which is accessible through
this link. Also, insider Brad Gazaway sold 3,335 shares of Leslie's stock in a transaction on Monday, September 26th. The shares were sold at an average price of $14.82, for a total value of $49,424.70. Following the completion of the transaction, the insider now owns 130,447 shares in the company, valued at $1,933,224.54. The disclosure for this sale can be found
here. Corporate insiders own 3.60% of the company's stock.
Leslie's Stock Performance
LESL traded down $0.16 during trading on Thursday, hitting $12.01. 50,688 shares of the stock were exchanged, compared to its average volume of 4,244,754. The firm has a 50 day simple moving average of $13.98 and a 200 day simple moving average of $14.81. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 4.23 and a beta of 0.53. Leslie's, Inc. has a 1 year low of $11.43 and a 1 year high of $24.40.
Leslie's Company Profile
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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 offers pool chemicals consisting of chlorine, sanitizers, water balancers, specialty chemicals, and algae control; pool covers, including winter, solar and safety covers, leaf nets, cover reels, and cover alternatives; pool equipment, which comprise pool cleaners, pool pumps, pool filters, pool heating, and lighting; and pools, such as above ground pools, soft side pools, above ground pools liners and equipment, ladders and rails, and diving boards.
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