Geode Capital Management LLC Sells 65,787 Shares of Leslie’s, Inc. (NASDAQ:LESL)

Geode Capital Management LLC decreased its stake in shares of Leslie’s, Inc. (NASDAQ:LESL) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,134,702 shares of the company’s stock after selling 65,787 shares during the period. Geode Capital Management LLC owned about 2.24% of Leslie’s worth $13,068,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LESL. The Manufacturers Life Insurance Company increased its holdings in Leslie’s by 6.3% during 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 last quarter. Integrated Investment Consultants LLC increased its holdings in Leslie’s by 36.1% during the third quarter. Integrated Investment Consultants LLC now owns 21,500 shares of the company’s stock valued at $68,000 after buying an additional 5,700 shares during the last quarter. IHT Wealth Management LLC increased its holdings in Leslie’s by 52.6% during the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock valued at $51,000 after buying an additional 5,776 shares during the last quarter. nVerses Capital LLC purchased a new stake in Leslie’s during the second quarter valued at approximately $26,000. Finally, Dark Forest Capital Management LP increased its holdings in Leslie’s by 54.2% during the second quarter. Dark Forest Capital Management LP now owns 21,776 shares of the company’s stock valued at $91,000 after buying an additional 7,650 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have commented on LESL. Telsey Advisory Group reduced their target price on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating for the company in a report on Tuesday, November 26th. William Blair reissued a “market perform” rating on shares of Leslie’s in a research note on Tuesday, November 26th. Finally, Robert W. Baird reduced their price objective 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.61.

Leslie’s Stock Performance

LESL opened at $2.14 on Tuesday. The stock has a market capitalization of $395.83 million, a price-to-earnings ratio of -17.83 and a beta of 1.12. The company has a fifty day moving average of $2.64 and a 200 day moving average of $3.00. Leslie’s, Inc. has a fifty-two week low of $2.02 and a fifty-two week high of $8.21.

Leslie’s (NASDAQ:LESL) last posted its earnings results 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). The company had revenue of $397.90 million for the quarter, compared to analysts’ expectations of $405.19 million. Leslie’s had a negative net margin of 1.76% and a negative return on equity of 6.11%. The business’s revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. On average, equities research analysts forecast that Leslie’s, Inc. will post 0.08 earnings per share for the current year.

About Leslie’s

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.