The Manufacturers Life Insurance Company Sells 13,608 Shares of Leslie’s, Inc. (NASDAQ:LESL)

The Manufacturers Life Insurance Company lowered its stake in Leslie’s, Inc. (NASDAQ:LESL) by 16.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,737 shares of the company’s stock after selling 13,608 shares during the period. The Manufacturers Life Insurance Company’s holdings in Leslie’s were worth $214,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in LESL. Integrated Investment Consultants LLC lifted its position in shares of Leslie’s by 36.1% in the 3rd quarter. Integrated Investment Consultants LLC now owns 21,500 shares of the company’s stock worth $68,000 after purchasing an additional 5,700 shares during the period. nVerses Capital LLC bought a new stake in Leslie’s during the 2nd quarter valued at approximately $26,000. Dark Forest Capital Management LP grew its holdings in shares of Leslie’s by 54.2% during the 2nd quarter. Dark Forest Capital Management LP now owns 21,776 shares of the company’s stock worth $91,000 after acquiring an additional 7,650 shares during the period. Bfsg LLC raised its position in shares of Leslie’s by 94.6% in the 2nd quarter. Bfsg LLC now owns 20,750 shares of the company’s stock worth $87,000 after acquiring an additional 10,089 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Leslie’s by 1,089.6% in the 3rd 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 period.

Analyst Ratings Changes

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

Leslie’s Price Performance

Shares of NASDAQ:LESL opened at $2.40 on Tuesday. The business has a fifty day moving average price of $2.73 and a 200-day moving average price of $3.20. The company has a market capitalization of $443.93 million, a PE ratio of -20.00 and a beta of 1.12. Leslie’s, Inc. has a 1-year low of $2.20 and a 1-year high of $8.21.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings data on Monday, November 25th. The company reported $0.02 earnings per share 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 net margin of 1.76% and a negative return on equity of 6.11%. The firm’s revenue for the quarter 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. On average, sell-side analysts anticipate that Leslie’s, Inc. will post 0.14 earnings per share for the current fiscal 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.