Cullen Capital Management LLC Acquires Shares of 59,420 Leslie’s, Inc. (NASDAQ:LESL)

Cullen Capital Management LLC bought a new position in shares of Leslie’s, Inc. (NASDAQ:LESL) in the fourth quarter, Holdings Channel.com reports. The fund bought 59,420 shares of the company’s stock, valued at approximately $133,000.

A number of other hedge funds have also modified their holdings of the business. Intech Investment Management LLC purchased a new stake in Leslie’s during the 3rd quarter valued at about $144,000. FMR LLC grew its position in shares of Leslie’s by 334.4% in the third quarter. FMR LLC now owns 26,714 shares of the company’s stock valued at $84,000 after purchasing an additional 20,564 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Leslie’s by 27.0% in the third quarter. HighTower Advisors LLC now owns 173,599 shares of the company’s stock valued at $565,000 after purchasing an additional 36,953 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Leslie’s during the third quarter worth approximately $240,000. Finally, IHT Wealth Management LLC boosted its stake in Leslie’s by 52.6% during the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock worth $51,000 after buying an additional 5,776 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Morgan Stanley cut their target price on Leslie’s from $3.00 to $1.50 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group reduced their target price on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Stifel Nicolaus dropped their price target on shares of Leslie’s from $1.90 to $1.55 and set a “sell” rating for the company in a research note on Friday, February 7th. Guggenheim reaffirmed a “neutral” rating on shares of Leslie’s in a research report on Friday, February 7th. Finally, Mizuho lowered their price objective on Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $2.65.

Leslie’s Trading Up 11.2 %

LESL stock opened at $0.67 on Friday. The business’s fifty day moving average price is $1.26 and its 200 day moving average price is $2.12. Leslie’s, Inc. has a 12-month low of $0.55 and a 12-month high of $6.02. The company has a market capitalization of $123.90 million, a PE ratio of -4.46 and a beta of 1.30.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). Leslie’s had a negative return on equity of 6.11% and a negative net margin of 2.13%.

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.