Bleakley Financial Group LLC Sells 9,972 Shares of Leslie’s, Inc. (NASDAQ:LESL)

Bleakley Financial Group LLC decreased its stake in shares of Leslie’s, Inc. (NASDAQ:LESL) by 10.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 83,944 shares of the company’s stock after selling 9,972 shares during the period. Bleakley Financial Group LLC’s holdings in Leslie’s were worth $265,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ariel Investments LLC boosted its holdings in shares of Leslie’s by 46.5% during the second quarter. Ariel Investments LLC now owns 36,601,368 shares of the company’s stock worth $153,360,000 after acquiring an additional 11,618,490 shares during the period. Vanguard Group Inc. grew its holdings in Leslie’s by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 19,116,849 shares of the company’s stock valued at $132,097,000 after buying an additional 492,416 shares in the last quarter. Janus Henderson Group PLC increased its position in Leslie’s by 2.2% during the 1st quarter. Janus Henderson Group PLC now owns 7,320,338 shares of the company’s stock worth $47,581,000 after buying an additional 156,938 shares during the period. DAVENPORT & Co LLC lifted its holdings in shares of Leslie’s by 12.4% during the first quarter. DAVENPORT & Co LLC now owns 4,519,246 shares of the company’s stock worth $29,375,000 after buying an additional 500,292 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Leslie’s by 6.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,532,326 shares of the company’s stock valued at $10,610,000 after acquiring an additional 146,215 shares during the period.

Leslie’s Trading Down 1.1 %

LESL stock opened at $2.75 on Thursday. The stock has a market capitalization of $508.04 million, a P/E ratio of 34.38, a price-to-earnings-growth ratio of 2.33 and a beta of 1.17. The firm has a 50-day moving average price of $2.88 and a 200-day moving average price of $3.77. Leslie’s, Inc. has a 12 month low of $2.42 and a 12 month high of $8.21.

Leslie’s (NASDAQ:LESL) last issued 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. The firm had revenue of $569.64 million for the quarter, compared to analyst estimates of $569.99 million. Leslie’s had a net margin of 0.22% and a negative return on equity of 6.11%. The company’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.40 earnings per share. As a group, equities analysts predict that Leslie’s, Inc. will post 0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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