Swiss National Bank Has $5.55 Million Stock Position in Leslie’s, Inc. (NASDAQ:LESL)

Swiss National Bank grew its position in shares of Leslie’s, Inc. (NASDAQ:LESLGet Rating) by 25.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 365,400 shares of the company’s stock after acquiring an additional 73,700 shares during the quarter. Swiss National Bank’s holdings in Leslie’s were worth $5,547,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in Leslie’s by 31.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 433,214 shares of the company’s stock worth $8,387,000 after acquiring an additional 103,178 shares during the last quarter. Allworth Financial LP boosted its position in Leslie’s by 21.3% during the 2nd quarter. Allworth Financial LP now owns 6,063 shares of the company’s stock worth $92,000 after acquiring an additional 1,063 shares during the last quarter. Seven Eight Capital LP acquired a new position in Leslie’s during the 1st quarter worth approximately $265,000. PDT Partners LLC boosted its position in Leslie’s by 269.4% during the 1st quarter. PDT Partners LLC now owns 150,354 shares of the company’s stock worth $2,911,000 after acquiring an additional 109,649 shares during the last quarter. Finally, Diversified Trust Co raised its stake in shares of Leslie’s by 51.1% during the 2nd quarter. Diversified Trust Co now owns 71,450 shares of the company’s stock worth $1,085,000 after purchasing an additional 24,150 shares in the last quarter.

Leslie’s Trading Down 0.9 %

LESL opened at $15.42 on Thursday. Leslie’s, Inc. has a 1-year low of $12.79 and a 1-year high of $24.40. The stock’s fifty day simple moving average is $14.47 and its 200 day simple moving average is $15.59. The stock has a market cap of $2.82 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 1.59 and a beta of 0.52.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LESL. Morgan Stanley dropped their price objective on Leslie’s from $24.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Monday, August 8th. MKM Partners began coverage on Leslie’s in a research note on Tuesday, October 4th. They set a “neutral” rating and a $14.00 price objective on the stock. Telsey Advisory Group cut Leslie’s from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $28.00 to $16.00 in a research note on Monday, August 8th. Robert W. Baird cut Leslie’s from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $18.00 to $16.00 in a research note on Tuesday, November 15th. Finally, Stifel Nicolaus dropped their price objective on Leslie’s from $22.00 to $20.00 in a research note on Monday, August 8th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.30.

Insider Activity at Leslie’s

In other Leslie’s news, insider Brad Gazaway sold 3,335 shares of the stock in a transaction on Monday, September 26th. The stock was sold at an average price of $14.82, for a total transaction of $49,424.70. Following the transaction, the insider now owns 130,447 shares in the company, valued at approximately $1,933,224.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.60% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Leslie's (NASDAQ:LESL)

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