Leslie’s, Inc. (NASDAQ:LESL) Position Boosted by Bfsg LLC

Bfsg LLC raised its holdings in shares of Leslie’s, Inc. (NASDAQ:LESL) by 134.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,590 shares of the company’s stock after acquiring an additional 27,840 shares during the quarter. Bfsg LLC’s holdings in Leslie’s were worth $154,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Creative Planning acquired a new stake in shares of Leslie’s during the 3rd quarter valued at about $77,000. Exchange Traded Concepts LLC acquired a new stake in Leslie’s in the 3rd quarter worth approximately $321,000. Perpetual Ltd acquired a new stake in Leslie’s in the 3rd quarter worth approximately $1,787,000. Sanctuary Advisors LLC acquired a new stake in Leslie’s in the 2nd quarter worth approximately $244,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Leslie’s in the 2nd quarter worth approximately $138,000.

Leslie’s Stock Down 3.0 %

Shares of LESL opened at $2.63 on Friday. Leslie’s, Inc. has a 12-month low of $2.42 and a 12-month high of $8.21. The firm has a market capitalization of $485.87 million, a PE ratio of 32.88, a price-to-earnings-growth ratio of 2.33 and a beta of 1.17. The stock’s fifty day simple moving average is $2.91 and its 200-day simple moving average is $3.85.

Leslie’s (NASDAQ:LESL) last released its earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Leslie’s had a negative return on equity of 6.11% and a net margin of 0.22%. The firm had revenue of $569.64 million for the quarter, compared to analyst estimates of $569.99 million. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The company’s quarterly revenue was down 6.8% on a year-over-year basis. Analysts anticipate that Leslie’s, Inc. will post 0.04 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Jefferies Financial Group dropped their price target 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. Bank of America dropped their price target on Leslie’s from $6.40 to $5.15 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Loop Capital dropped their price target 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. Piper Sandler lowered their price objective on Leslie’s from $6.00 to $3.00 and set a “neutral” rating on the stock in a research report on Thursday, July 18th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $4.00 price objective on shares of Leslie’s in a research report on Tuesday, August 27th. One equities research 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’s stock. According to MarketBeat.com, the company presently has an average 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.