Leslie’s (NASDAQ:LESL) Shares Gap Up – What’s Next?

Leslie’s, Inc. (NASDAQ:LESL)’s share price gapped up prior to trading on Friday . The stock had previously closed at $2.76, but opened at $2.84. Leslie’s shares last traded at $2.80, with a volume of 234,323 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Mizuho dropped their target price on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 price target on shares of Leslie’s in a research note on Tuesday, August 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $3.96.

Leslie’s Trading Up 9.4 %

The firm has a market capitalization of $558.44 million, a P/E ratio of 151.00, a price-to-earnings-growth ratio of 2.00 and a beta of 1.19. The company has a 50-day moving average of $2.85 and a 200-day moving average of $3.57.

Hedge Funds Weigh In On Leslie’s

A number of hedge funds and other institutional investors have recently made changes to their positions in LESL. Ariel Investments LLC increased its position in Leslie’s by 46.5% during the 2nd quarter. Ariel Investments LLC now owns 36,601,368 shares of the company’s stock valued at $153,360,000 after purchasing an additional 11,618,490 shares during the period. State Street Corp raised its position in shares of Leslie’s by 7.7% in the 3rd quarter. State Street Corp now owns 8,406,377 shares of the company’s stock worth $26,564,000 after acquiring an additional 601,177 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Leslie’s by 2.2% in the 1st quarter. Janus Henderson Group PLC now owns 7,320,338 shares of the company’s stock valued at $47,581,000 after purchasing an additional 156,938 shares during the period. Private Management Group Inc. boosted its holdings in shares of Leslie’s by 121.3% during the 3rd quarter. Private Management Group Inc. now owns 5,569,278 shares of the company’s stock worth $17,599,000 after buying an additional 3,052,539 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Leslie’s by 13.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,877,390 shares of the company’s stock worth $9,093,000 after buying an additional 345,064 shares during the period.

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 also offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products.