Raymond James & Associates decreased its holdings in shares of Leslie’s, Inc. (NASDAQ:LESL – Get Rating) by 1.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 166,637 shares of the company’s stock after selling 2,323 shares during the period. Raymond James & Associates’ holdings in Leslie’s were worth $2,451,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Champlain Investment Partners LLC increased its stake in Leslie’s by 36.6% during the 2nd quarter. Champlain Investment Partners LLC now owns 14,449,367 shares of the company’s stock worth $219,341,000 after buying an additional 3,870,142 shares during the period. Capital Research Global Investors boosted its stake in Leslie’s by 106.3% during the 1st quarter. Capital Research Global Investors now owns 7,009,446 shares of the company’s stock valued at $135,703,000 after purchasing an additional 3,612,422 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Leslie’s by 32.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,295,084 shares of the company’s stock valued at $95,559,000 after purchasing an additional 1,524,298 shares during the period. Millennium Management LLC boosted its stake in Leslie’s by 1,322.4% during the 2nd quarter. Millennium Management LLC now owns 1,006,449 shares of the company’s stock valued at $15,278,000 after purchasing an additional 935,691 shares during the period. Finally, TimesSquare Capital Management LLC boosted its stake in Leslie’s by 21.8% during the 2nd quarter. TimesSquare Capital Management LLC now owns 3,606,834 shares of the company’s stock valued at $54,752,000 after purchasing an additional 646,539 shares during the period.
Analysts Set New Price Targets
A number of research analysts have issued reports on LESL shares. Telsey Advisory Group reduced their target price on shares of Leslie’s from $16.00 to $15.00 and set a “market perform” rating for the company in a research note on Thursday, December 1st. Stifel Nicolaus lowered shares of Leslie’s from a “buy” rating to a “hold” rating and reduced their price target for the stock from $17.00 to $15.00 in a research note on Thursday, December 1st. Piper Sandler reduced their price target on shares of Leslie’s to $17.00 in a research note on Friday, December 2nd. MKM Partners assumed coverage on shares of Leslie’s in a research note on Tuesday, October 4th. They issued a “neutral” rating and a $14.00 price target for the company. Finally, Robert W. Baird lowered shares of Leslie’s from an “outperform” rating to a “neutral” rating and cut their target price for the company from $18.00 to $16.00 in a research note on Tuesday, November 15th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $17.22.
Leslie’s Stock Performance
Shares of LESL stock opened at $13.96 on Friday. Leslie’s, Inc. has a 52-week low of $11.43 and a 52-week high of $21.99. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 4.97 and a beta of 0.63. The firm has a fifty day moving average of $13.51 and a 200-day moving average of $14.32.
Leslie’s (NASDAQ:LESL – Get Rating) last announced its earnings results on Wednesday, November 30th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $475.59 million during the quarter, compared to analysts’ expectations of $471.97 million. Leslie’s had a net margin of 10.18% and a negative return on equity of 55.38%. On average, sell-side analysts predict that Leslie’s, Inc. will post 0.76 earnings per share for the current year.
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 offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products, as well as installation and repair services for pool and spa equipment.
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