Edgestream Partners L.P. Invests $1.63 Million in Leslie’s, Inc. (NASDAQ:LESL)

Edgestream Partners L.P. acquired a new position in Leslie’s, Inc. (NASDAQ:LESL) during the 2nd quarter, HoldingsChannel reports. The fund acquired 173,263 shares of the company’s stock, valued at approximately $1,627,000.

Several other institutional investors also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Leslie’s in the second quarter worth $754,000. Russell Investments Group Ltd. grew its stake in shares of Leslie’s by 423.6% in the second quarter. Russell Investments Group Ltd. now owns 345,858 shares of the company’s stock worth $3,248,000 after purchasing an additional 279,809 shares during the last quarter. US Bancorp DE grew its stake in shares of Leslie’s by 31.8% in the second quarter. US Bancorp DE now owns 72,822 shares of the company’s stock worth $684,000 after purchasing an additional 17,558 shares during the last quarter. Cetera Advisor Networks LLC grew its stake in shares of Leslie’s by 5.2% in the second quarter. Cetera Advisor Networks LLC now owns 30,255 shares of the company’s stock worth $284,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Leslie’s by 55.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,325,414 shares of the company’s stock worth $12,446,000 after purchasing an additional 471,482 shares during the last quarter.

Analysts Set New Price Targets

LESL has been the topic of a number of research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.50 price target on shares of Leslie’s in a research report on Thursday, August 17th. The Goldman Sachs Group cut their price target on shares of Leslie’s from $16.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, August 3rd. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.31.

Leslie’s Trading Down 0.9 %

Shares of NASDAQ LESL opened at $5.69 on Tuesday. The firm’s 50-day moving average price is $5.18 and its 200-day moving average price is $7.23. Leslie’s, Inc. has a 1-year low of $4.39 and a 1-year high of $17.13. The firm has a market capitalization of $1.05 billion, a P/E ratio of 15.38, a P/E/G ratio of 3.54 and a beta of 0.76.

Leslie’s Company 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 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.