Leslie’s, Inc. (NASDAQ:LESL) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its position in Leslie’s, Inc. (NASDAQ:LESL) by 50.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,038,091 shares of the company’s stock after selling 1,058,540 shares during the period. Raymond James & Associates owned approximately 0.56% of Leslie’s worth $3,280,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Ariel Investments LLC boosted its stake in Leslie’s by 46.5% in the second quarter. Ariel Investments LLC now owns 36,601,368 shares of the company’s stock valued at $153,360,000 after acquiring an additional 11,618,490 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Leslie’s by 2.2% in the first quarter. Janus Henderson Group PLC now owns 7,320,338 shares of the company’s stock valued at $47,581,000 after acquiring an additional 156,938 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Leslie’s by 12.4% in the first quarter. DAVENPORT & Co LLC now owns 4,519,246 shares of the company’s stock worth $29,375,000 after buying an additional 500,292 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Leslie’s by 6.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,532,326 shares of the company’s stock worth $10,610,000 after buying an additional 146,215 shares during the last quarter. Finally, Private Management Group Inc. raised its holdings in shares of Leslie’s by 93.8% in the second quarter. Private Management Group Inc. now owns 2,516,739 shares of the company’s stock worth $10,545,000 after buying an additional 1,218,047 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LESL. Jefferies Financial Group decreased their price target on shares of Leslie’s from $5.00 to $4.00 and set a “hold” rating for the company in a report on Wednesday, July 10th. Loop Capital decreased their price target on shares of Leslie’s from $6.00 to $3.00 and set a “hold” rating for the company in a report on Friday, July 19th. Piper Sandler decreased their price target on shares of Leslie’s from $6.00 to $3.00 and set a “neutral” rating for the company in a report on Thursday, July 18th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $4.00 price target on shares of Leslie’s in a report on Tuesday, August 27th. Finally, Bank of America reduced their target price on shares of Leslie’s from $6.40 to $5.15 and set a “buy” rating for the company in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.96.

Leslie’s Price Performance

NASDAQ LESL opened at $2.83 on Monday. The company has a market capitalization of $523.30 million, a PE ratio of 141.50, a P/E/G ratio of 1.87 and a beta of 1.19. The company has a fifty day moving average of $2.84 and a 200 day moving average of $3.66. Leslie’s, Inc. has a 1 year low of $2.42 and a 1 year high of $8.21.

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, topping analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $569.64 million during the quarter, compared to the consensus estimate of $569.99 million. Leslie’s had a net margin of 0.22% and a negative return on equity of 6.11%. The company’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Research analysts expect that Leslie’s, Inc. will post 0.04 earnings per share for the current year.

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.