Barclays PLC Increases Holdings in Leslie’s, Inc. (NASDAQ:LESL)

Barclays PLC increased its holdings in Leslie’s, Inc. (NASDAQ:LESL) by 125.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 399,169 shares of the company’s stock after acquiring an additional 221,809 shares during the quarter. Barclays PLC owned about 0.22% of Leslie’s worth $1,260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LESL. Ariel Investments LLC lifted 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 valued at $153,360,000 after purchasing an additional 11,618,490 shares during the last quarter. Private Management Group Inc. raised its stake in Leslie’s by 121.3% during the third quarter. Private Management Group Inc. now owns 5,569,278 shares of the company’s stock valued at $17,599,000 after buying an additional 3,052,539 shares during the last quarter. Weiss Asset Management LP bought a new stake in Leslie’s in the third quarter worth $6,470,000. Squarepoint Ops LLC grew its stake in shares of Leslie’s by 1,300.5% in the second quarter. Squarepoint Ops LLC now owns 1,187,916 shares of the company’s stock worth $4,977,000 after acquiring an additional 1,103,096 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Leslie’s by 477.4% during the second quarter. Marshall Wace LLP now owns 1,110,404 shares of the company’s stock valued at $4,653,000 after acquiring an additional 918,084 shares in the last quarter.

Leslie’s Trading Down 3.1 %

Shares of LESL stock opened at $2.18 on Tuesday. Leslie’s, Inc. has a twelve month low of $2.02 and a twelve month high of $8.21. The stock has a fifty day simple moving average of $2.51 and a two-hundred day simple moving average of $2.84. The stock has a market capitalization of $403.23 million, a price-to-earnings ratio of -18.17 and a beta of 1.11.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings results 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 company had revenue of $397.90 million during 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 company’s revenue was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. Research analysts predict that Leslie’s, Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Robert W. Baird cut their price target 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. William Blair reissued a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. Mizuho reduced their price objective on Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Finally, Telsey Advisory Group decreased their price objective 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. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $3.49.

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.