Bayesian Capital Management LP Invests $787,000 in Leslie’s, Inc. (NASDAQ:LESL)

Bayesian Capital Management LP purchased a new position in shares of Leslie’s, Inc. (NASDAQ:LESL) in the first quarter, Holdings Channel.com reports. The fund purchased 121,065 shares of the company’s stock, valued at approximately $787,000.

A number of other institutional investors also recently modified their holdings of LESL. Charles Schwab Investment Management Inc. grew its position in Leslie’s by 12.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,936 shares of the company’s stock worth $12,845,000 after acquiring an additional 201,082 shares during the last quarter. DAVENPORT & Co LLC grew its position in shares of Leslie’s by 12.4% in the 1st quarter. DAVENPORT & Co LLC now owns 4,519,246 shares of the company’s stock valued at $29,375,000 after buying an additional 500,292 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Leslie’s by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 19,116,849 shares of the company’s stock valued at $132,097,000 after purchasing an additional 492,416 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Leslie’s by 18.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,633,997 shares of the company’s stock valued at $18,201,000 after purchasing an additional 404,635 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Leslie’s during the 1st quarter valued at about $100,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Jefferies Financial Group cut their target price on Leslie’s from $5.00 to $4.00 and set a “hold” rating on the stock in a research report on Wednesday, July 10th. Mizuho cut their target price on Leslie’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Telsey Advisory Group cut their target price on Leslie’s from $6.00 to $4.00 and set a “market perform” rating on the stock in a research report on Thursday, July 18th. Loop Capital cut their target price on Leslie’s from $6.00 to $3.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. Finally, Stifel Nicolaus lowered Leslie’s from a “hold” rating to a “sell” rating and cut their target price for the company from $5.25 to $2.50 in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $4.18.

Leslie’s Trading Up 0.7 %

LESL stock traded up $0.02 during trading on Tuesday, reaching $2.93. 2,726,914 shares of the stock were exchanged, compared to its average volume of 4,054,415. The firm’s 50 day moving average is $4.26 and its 200 day moving average is $5.57. Leslie’s, Inc. has a twelve month low of $2.42 and a twelve month high of $8.21. The firm has a market cap of $541.29 million, a P/E ratio of 37.63, a price-to-earnings-growth ratio of 5.03 and a beta of 1.16.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.18) EPS for the quarter, hitting the consensus estimate of ($0.18). The firm had revenue of $188.66 million during the quarter, compared to the consensus estimate of $202.69 million. Leslie’s had a negative return on equity of 12.55% and a net margin of 1.06%. As a group, analysts predict that Leslie’s, Inc. will post 0.07 earnings per share for the current fiscal year.

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.