Cullen Capital Management LLC Makes New $133,000 Investment in Leslie’s, Inc. (NASDAQ:LESL)

Cullen Capital Management LLC acquired a new stake in shares of Leslie’s, Inc. (NASDAQ:LESL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 59,420 shares of the company’s stock, valued at approximately $133,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cibc World Markets Corp purchased a new position in shares of Leslie’s in the fourth quarter worth $38,000. Gitterman Wealth Management LLC acquired a new stake in Leslie’s during the 4th quarter worth about $41,000. PNC Financial Services Group Inc. lifted its position in Leslie’s by 92.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 21,588 shares of the company’s stock worth $48,000 after acquiring an additional 10,396 shares during the period. Blair William & Co. IL acquired a new position in shares of Leslie’s in the fourth quarter valued at about $48,000. Finally, IHT Wealth Management LLC increased its holdings in shares of Leslie’s by 52.6% in the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock valued at $51,000 after purchasing an additional 5,776 shares during the period.

Leslie’s Price Performance

Shares of LESL stock opened at $0.67 on Friday. Leslie’s, Inc. has a 1-year low of $0.55 and a 1-year high of $6.02. The company has a market cap of $123.90 million, a price-to-earnings ratio of -4.46 and a beta of 1.30. The stock has a 50 day simple moving average of $1.26 and a 200-day simple moving average of $2.12.

Leslie’s (NASDAQ:LESL) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates 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%.

Analyst Ratings Changes

A number of brokerages recently commented on LESL. Stifel Nicolaus dropped their target price on Leslie’s from $1.90 to $1.55 and set a “sell” rating on the stock in a research report on Friday, February 7th. Mizuho cut their price objective on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. The Goldman Sachs Group decreased their target price on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Robert W. Baird set a $3.00 price target on Leslie’s in a research report on Tuesday, February 4th. Finally, Bank of America cut Leslie’s from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $2.65 to $1.40 in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $2.65.

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.