Charles Schwab Investment Management Inc. Sells 249,033 Shares of Leslie’s, Inc. (NASDAQ:LESL)

Charles Schwab Investment Management Inc. decreased its position in shares of Leslie’s, Inc. (NASDAQ:LESL) by 13.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,645,543 shares of the company’s stock after selling 249,033 shares during the period. Charles Schwab Investment Management Inc. owned about 0.89% of Leslie’s worth $5,200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its holdings in Leslie’s by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 81,345 shares of the company’s stock valued at $341,000 after buying an additional 4,798 shares during the period. Integrated Investment Consultants LLC raised its holdings in Leslie’s by 36.1% during the 3rd quarter. Integrated Investment Consultants LLC now owns 21,500 shares of the company’s stock worth $68,000 after buying an additional 5,700 shares during the period. nVerses Capital LLC bought a new position in Leslie’s in the second quarter valued at approximately $26,000. Dark Forest Capital Management LP raised its stake in shares of Leslie’s by 54.2% in the 2nd quarter. Dark Forest Capital Management LP now owns 21,776 shares of the company’s stock valued at $91,000 after purchasing an additional 7,650 shares during the period. Finally, Bfsg LLC boosted its position in shares of Leslie’s by 94.6% during the second quarter. Bfsg LLC now owns 20,750 shares of the company’s stock worth $87,000 after buying an additional 10,089 shares during the period.

Leslie’s Trading Down 0.8 %

LESL stock opened at $2.44 on Friday. Leslie’s, Inc. has a 12 month low of $2.20 and a 12 month high of $8.21. The stock has a market capitalization of $451.32 million, a P/E ratio of -20.33 and a beta of 1.12. The firm has a 50-day moving average price of $2.75 and a 200-day moving average price of $3.28.

Leslie’s (NASDAQ:LESL) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.09). Leslie’s had a negative return on equity of 6.11% and a negative net margin of 1.76%. The business had revenue of $397.90 million during the quarter, compared to the consensus estimate of $405.19 million. During the same period last year, the business posted $0.14 earnings per share. The business’s revenue was down 8.0% on a year-over-year basis. As a group, equities analysts predict that Leslie’s, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LESL shares. William Blair restated a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. Robert W. Baird lowered their target price on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. Finally, Telsey Advisory Group cut their price target on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating for the company in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $3.61.

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.