Leslie’s, Inc. (NASDAQ:LESL) Position Increased by HighTower Advisors LLC

HighTower Advisors LLC lifted its holdings in Leslie’s, Inc. (NASDAQ:LESL) by 27.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 173,599 shares of the company’s stock after buying an additional 36,953 shares during the quarter. HighTower Advisors LLC owned approximately 0.09% of Leslie’s worth $565,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake 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 worth $341,000 after acquiring an additional 4,798 shares during the period. Integrated Investment Consultants LLC raised its position in shares of Leslie’s by 36.1% during 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 shares of Leslie’s in the 2nd quarter worth approximately $26,000. Dark Forest Capital Management LP boosted its position in Leslie’s by 54.2% during the 2nd quarter. Dark Forest Capital Management LP now owns 21,776 shares of the company’s stock valued at $91,000 after purchasing an additional 7,650 shares during the period. Finally, Bfsg LLC grew its stake in Leslie’s by 94.6% during the 2nd quarter. Bfsg LLC now owns 20,750 shares of the company’s stock worth $87,000 after buying an additional 10,089 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LESL shares. Telsey Advisory Group reduced 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 report on Tuesday, November 26th. Robert W. Baird cut their price objective 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, William Blair restated a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $3.61.

Leslie’s Trading Up 4.9 %

LESL stock opened at $2.16 on Friday. The firm’s 50-day moving average is $2.69 and its two-hundred day moving average is $3.14. The company has a market capitalization of $399.53 million, a price-to-earnings ratio of -18.00 and a beta of 1.12. Leslie’s, Inc. has a 52 week low of $2.02 and a 52 week high of $8.21.

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

Leslie’s 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.