Sanctuary Advisors LLC Makes New Investment in Leslie’s, Inc. (NASDAQ:LESL)

Sanctuary Advisors LLC bought a new position in shares of Leslie’s, Inc. (NASDAQ:LESL) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 61,276 shares of the company’s stock, valued at approximately $244,000.

Other large investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in Leslie’s during the second quarter worth approximately $26,000. Covestor Ltd boosted its position in shares of Leslie’s by 32,510.0% in the first quarter. Covestor Ltd now owns 6,522 shares of the company’s stock valued at $42,000 after acquiring an additional 6,502 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Leslie’s in the second quarter valued at approximately $55,000. Los Angeles Capital Management LLC bought a new stake in shares of Leslie’s in the second quarter valued at approximately $57,000. Finally, Bfsg LLC boosted its position in shares of Leslie’s by 94.6% in the second quarter. Bfsg LLC now owns 20,750 shares of the company’s stock valued at $87,000 after acquiring an additional 10,089 shares during the period.

Leslie’s Price Performance

Leslie’s stock opened at $2.66 on Friday. The stock has a fifty day moving average price of $2.90 and a two-hundred day moving average price of $3.82. Leslie’s, Inc. has a 52-week low of $2.42 and a 52-week high of $8.21. The firm has a market capitalization of $491.42 million, a P/E ratio of 33.25, a P/E/G ratio of 2.33 and a beta of 1.17.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $569.99 million. During the same period in the prior year, the company posted $0.40 earnings per share. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. On average, equities research analysts predict that Leslie’s, Inc. will post 0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus cut Leslie’s from a “hold” rating to a “sell” rating and reduced their price objective for the company from $5.25 to $2.50 in a research report on Thursday, July 18th. Piper Sandler reduced 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. Bank of America reduced their price objective on Leslie’s from $6.40 to $5.15 and set a “buy” rating for the company in a research report on Thursday, July 18th. Telsey Advisory Group reissued a “market perform” rating and issued a $4.00 price objective on shares of Leslie’s in a research report on Tuesday, August 27th. Finally, Loop Capital cut their target price on Leslie’s from $6.00 to $3.00 and set a “hold” rating for the company in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Leslie’s has an average rating of “Hold” and a consensus price target of $3.96.

Leslie’s 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.