Oppenheimer Asset Management Inc. Has $595,000 Position in Leslie’s, Inc. (NASDAQ:LESL)

Oppenheimer Asset Management Inc. cut its position in shares of Leslie’s, Inc. (NASDAQ:LESL) by 6.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 142,015 shares of the company’s stock after selling 9,697 shares during the period. Oppenheimer Asset Management Inc. owned 0.08% of Leslie’s worth $595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LESL. Federated Hermes Inc. bought a new position in Leslie’s during the second quarter worth about $464,000. Private Management Group Inc. lifted its position in shares of Leslie’s by 93.8% in the second quarter. Private Management Group Inc. now owns 2,516,739 shares of the company’s stock valued at $10,545,000 after buying an additional 1,218,047 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Leslie’s during the 2nd quarter worth approximately $57,000. TD Asset Management Inc acquired a new position in shares of Leslie’s during the 2nd quarter worth approximately $645,000. Finally, nVerses Capital LLC bought a new stake in Leslie’s in the 2nd quarter valued at $26,000.

Leslie’s Trading Down 3.7 %

Shares of LESL stock opened at $2.90 on Friday. The stock has a market cap of $535.75 million, a P/E ratio of 36.25, a price-to-earnings-growth ratio of 8.04 and a beta of 1.17. Leslie’s, Inc. has a 1 year low of $2.42 and a 1 year high of $8.21. The stock has a 50 day simple moving average of $3.03 and a 200 day simple moving average of $4.46.

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 analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $569.99 million. During the same period in the prior year, the company posted $0.40 EPS. The company’s revenue was down 6.8% compared to the same quarter last year. Analysts forecast that Leslie’s, Inc. will post 0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on LESL. Mizuho decreased their price objective on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Stifel Nicolaus downgraded shares of Leslie’s from a “hold” rating to a “sell” rating and cut their price objective for the stock from $5.25 to $2.50 in a research report on Thursday, July 18th. Loop Capital decreased 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. Bank of America lowered their target price on Leslie’s from $6.40 to $5.15 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Finally, Jefferies Financial Group reduced their price target on Leslie’s from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.96.

About Leslie’s

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.