Algert Global LLC Trims Stock Position in Leslie’s, Inc. (NASDAQ:LESL)

Algert Global LLC cut its holdings in Leslie’s, Inc. (NASDAQ:LESL) by 66.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,624 shares of the company’s stock after selling 34,256 shares during the quarter. Algert Global LLC’s holdings in Leslie’s were worth $74,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LESL. Ariel Investments LLC grew its holdings in Leslie’s by 46.5% during the 2nd quarter. Ariel Investments LLC now owns 36,601,368 shares of the company’s stock valued at $153,360,000 after buying an additional 11,618,490 shares during the last quarter. Private Management Group Inc. boosted its stake in shares of Leslie’s by 93.8% during the second quarter. Private Management Group Inc. now owns 2,516,739 shares of the company’s stock valued at $10,545,000 after acquiring an additional 1,218,047 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Leslie’s by 1,300.5% during the second quarter. Squarepoint Ops LLC now owns 1,187,916 shares of the company’s stock valued at $4,977,000 after acquiring an additional 1,103,096 shares during the last quarter. Marshall Wace LLP increased its position in Leslie’s by 477.4% during the 2nd quarter. Marshall Wace LLP now owns 1,110,404 shares of the company’s stock worth $4,653,000 after purchasing an additional 918,084 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its stake in 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 purchasing an additional 500,292 shares during the last quarter.

Leslie’s Stock Performance

LESL opened at $2.65 on Friday. Leslie’s, Inc. has a 1 year low of $2.42 and a 1 year high of $8.21. The firm has a 50 day moving average price of $2.93 and a 200 day moving average price of $3.96. The company has a market cap of $490.01 million, a PE ratio of 132.50, a price-to-earnings-growth ratio of 2.33 and a beta of 1.17.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on LESL. Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 price target on shares of Leslie’s in a report on Tuesday, August 27th. Loop Capital lowered their target price on shares of Leslie’s from $6.00 to $3.00 and set a “hold” rating for the company in a research note on Friday, July 19th. Jefferies Financial Group reduced their price target on Leslie’s from $5.00 to $4.00 and set a “hold” rating on the stock in a research note on Wednesday, July 10th. Piper Sandler lowered their price objective on Leslie’s from $6.00 to $3.00 and set a “neutral” rating for the company in a research report on Thursday, July 18th. Finally, Mizuho reduced their target price on Leslie’s from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Leslie’s has a consensus rating of “Hold” and an average price target 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.