Principal Financial Group Inc. Reduces Position in Leslie’s, Inc. (NASDAQ:LESL)

Principal Financial Group Inc. decreased its position in Leslie’s, Inc. (NASDAQ:LESL) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 873,262 shares of the company’s stock after selling 41,586 shares during the period. Principal Financial Group Inc.’s holdings in Leslie’s were worth $2,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Management Group Inc. raised its stake in shares of Leslie’s by 121.3% in the third quarter. Private Management Group Inc. now owns 5,569,278 shares of the company’s stock worth $17,599,000 after purchasing an additional 3,052,539 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Leslie’s in the 3rd quarter worth approximately $32,000. Jade Capital Advisors LLC raised its position in Leslie’s by 5.8% during the 3rd quarter. Jade Capital Advisors LLC now owns 362,600 shares of the company’s stock worth $1,146,000 after buying an additional 20,000 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in 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 valued at $9,093,000 after acquiring an additional 345,064 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Leslie’s by 1,089.6% in the 3rd quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock valued at $35,000 after acquiring an additional 10,144 shares during the last quarter.

Leslie’s Stock Performance

LESL opened at $3.19 on Friday. The company has a fifty day moving average of $2.85 and a two-hundred day moving average of $3.53. The stock has a market capitalization of $589.86 million, a price-to-earnings ratio of 159.50, a PEG ratio of 2.00 and a beta of 1.19. Leslie’s, Inc. has a fifty-two week low of $2.42 and a fifty-two week high of $8.21.

Analyst Ratings Changes

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

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.