106,629 Shares in Leslie’s, Inc. (NASDAQ:LESL) Purchased by Texas Permanent School Fund

Texas Permanent School Fund bought a new position in shares of Leslie’s, Inc. (NASDAQ:LESL – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 106,629 shares of the company’s stock, valued at approximately $1,569,000.

A number of other hedge funds also recently bought and sold shares of LESL. Advisor Group Holdings Inc. raised its position in Leslie’s by 4.2% in the 1st 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 in the last quarter. Bank of New York Mellon Corp raised its position in Leslie’s by 3.7% in the 1st quarter. Bank of New York Mellon Corp now owns 1,398,659 shares of the company’s stock valued at $27,077,000 after purchasing an additional 49,572 shares in the last quarter. HighTower Advisors LLC raised its position in Leslie’s by 21.7% in the 1st quarter. HighTower Advisors LLC now owns 63,781 shares of the company’s stock valued at $1,238,000 after purchasing an additional 11,374 shares in the last quarter. Private Advisor Group LLC raised its position in Leslie’s by 4.2% in the 1st quarter. Private Advisor Group LLC now owns 24,103 shares of the company’s stock valued at $467,000 after purchasing an additional 971 shares in the last quarter. Finally, Citigroup Inc. raised its position in Leslie’s by 68.5% in the 1st quarter. Citigroup Inc. now owns 42,771 shares of the company’s stock valued at $828,000 after purchasing an additional 17,387 shares in the last quarter.

Insider Buying and Selling at Leslie’s

In other Leslie’s news, major shareholder Investor Aggregator L. Bubbles sold 9,343,499 shares of the business’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $12.02, for a total transaction of $112,308,857.98. Following the completion of the sale, the insider now owns 8,776,904 shares of the company’s stock, valued at $105,498,386.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LESL has been the topic of several research analyst reports. Stifel Nicolaus lowered Leslie’s from a “buy” rating to a “hold” rating and cut their target price for the stock from $17.00 to $15.00 in a research report on Thursday, December 1st. Telsey Advisory Group dropped their price target on Leslie’s from $16.00 to $15.00 and set a “market perform” rating on the stock in a research note on Thursday, December 1st. Robert W. Baird downgraded Leslie’s from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $16.00 in a research note on Tuesday, November 15th. MKM Partners assumed coverage on Leslie’s in a research note on Tuesday, October 4th. They issued a “neutral” rating and a $14.00 target price on the stock. Finally, Piper Sandler lowered their target price on Leslie’s to $17.00 in a research note on Friday, December 2nd. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Leslie’s has a consensus rating of “Hold” and an average price target of $17.22.

Leslie’s Stock Up 1.9 %

NASDAQ LESL opened at $13.82 on Thursday. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 4.57 and a beta of 0.63. Leslie’s, Inc. has a fifty-two week low of $11.43 and a fifty-two week high of $22.79. The business has a fifty day moving average of $13.57 and a 200-day moving average of $14.40.

About Leslie’s

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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 various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products, as well as installation and repair services for pool and spa equipment.