Texas Permanent School Fund Corp Sells 17,514 Shares of Leslie’s, Inc. (NASDAQ:LESL)

Texas Permanent School Fund Corp lowered its holdings in shares of Leslie’s, Inc. (NASDAQ:LESL) by 10.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,414 shares of the company’s stock after selling 17,514 shares during the quarter. Texas Permanent School Fund Corp owned 0.08% of Leslie’s worth $601,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. nVerses Capital LLC acquired a new stake in shares of Leslie’s in the 2nd quarter valued at about $26,000. Covestor Ltd raised its position in Leslie’s by 32,510.0% in the 1st quarter. Covestor Ltd now owns 6,522 shares of the company’s stock valued at $42,000 after buying an additional 6,502 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in Leslie’s in the 2nd quarter valued at approximately $55,000. Los Angeles Capital Management LLC acquired a new position in Leslie’s during the 2nd quarter worth approximately $57,000. Finally, RPO LLC acquired a new position in Leslie’s during the 4th quarter worth approximately $84,000.

Leslie’s Trading Down 3.7 %

Shares of NASDAQ LESL opened at $2.90 on Friday. The company has a market capitalization of $535.75 million, a P/E ratio of 36.25, a P/E/G ratio of 8.04 and a beta of 1.17. Leslie’s, Inc. has a 12 month low of $2.42 and a 12 month high of $8.21. The stock has a 50 day moving average of $3.01 and a 200-day moving average of $4.43.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Leslie’s had a net margin of 0.22% and a negative return on equity of 6.11%. The company had revenue of $569.64 million for the quarter, compared to analyst estimates of $569.99 million. During the same period in the prior year, the firm earned $0.40 earnings per share. The company’s revenue was down 6.8% on a year-over-year basis. Analysts predict that Leslie’s, Inc. will post 0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LESL has been the subject of a number of analyst reports. Jefferies Financial Group decreased their target price on shares of Leslie’s from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Wednesday, July 10th. Stifel Nicolaus cut Leslie’s from a “hold” rating to a “sell” rating and decreased their price objective for the company from $5.25 to $2.50 in a report on Thursday, July 18th. Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 target price on shares of Leslie’s in a report on Tuesday, August 27th. Mizuho decreased their price target on Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Finally, Piper Sandler lowered their price target on Leslie’s from $6.00 to $3.00 and set a “neutral” rating on the stock in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $3.96.

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.