UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 11,321 Shares of Leslie’s, Inc. (NASDAQ:LESL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Leslie’s, Inc. (NASDAQ:LESL) by 2.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 405,801 shares of the company’s stock after selling 11,321 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of Leslie’s worth $1,282,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in shares of Leslie’s during the 2nd quarter worth about $26,000. Wealth Enhancement Advisory Services LLC bought a new stake in Leslie’s during the third quarter worth about $32,000. Blue Trust Inc. boosted its position in Leslie’s by 1,089.6% during the third quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock valued at $35,000 after purchasing an additional 10,144 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in Leslie’s in the second quarter valued at approximately $55,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Leslie’s during the 2nd quarter worth approximately $57,000.

Leslie’s Stock Performance

Shares of LESL stock opened at $2.29 on Wednesday. Leslie’s, Inc. has a 52 week low of $2.20 and a 52 week high of $8.21. The company has a market capitalization of $423.58 million, a price-to-earnings ratio of -19.08 and a beta of 1.12. The company has a 50-day simple moving average of $2.72 and a 200 day simple moving average of $3.18.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings data on Monday, November 25th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). The firm had revenue of $397.90 million for the quarter, compared to the consensus estimate of $405.19 million. Leslie’s had a negative return on equity of 6.11% and a negative net margin of 1.76%. The company’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 EPS. Sell-side analysts forecast that Leslie’s, Inc. will post 0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LESL. William Blair reissued a “market perform” rating on shares of Leslie’s in a research note on Tuesday, November 26th. Robert W. Baird cut their price target on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. Finally, Telsey Advisory Group lowered their price objective on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating on the stock in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $3.61.

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.