State Street Corp Grows Stock Holdings in Leslie’s, Inc. (NASDAQ:LESL)

State Street Corp grew its position in Leslie’s, Inc. (NASDAQ:LESL) by 7.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,406,377 shares of the company’s stock after buying an additional 601,177 shares during the period. State Street Corp owned 4.55% of Leslie’s worth $26,564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LESL. Ariel Investments LLC grew its stake in Leslie’s by 46.5% during the 2nd quarter. Ariel Investments LLC now owns 36,601,368 shares of the company’s stock worth $153,360,000 after buying an additional 11,618,490 shares during the last quarter. Private Management Group Inc. raised its position in shares of Leslie’s by 121.3% in the 3rd quarter. Private Management Group Inc. now owns 5,569,278 shares of the company’s stock valued at $17,599,000 after purchasing an additional 3,052,539 shares during the last quarter. Squarepoint Ops LLC boosted its stake in Leslie’s by 1,300.5% in the 2nd quarter. Squarepoint Ops LLC now owns 1,187,916 shares of the company’s stock worth $4,977,000 after purchasing an additional 1,103,096 shares in the last quarter. Marshall Wace LLP grew its position in Leslie’s by 477.4% during the 2nd quarter. Marshall Wace LLP now owns 1,110,404 shares of the company’s stock worth $4,653,000 after purchasing an additional 918,084 shares during the last quarter. Finally, Perpetual Ltd acquired a new position in Leslie’s during the 3rd quarter valued at approximately $1,787,000.

Leslie’s Price Performance

NASDAQ:LESL opened at $2.16 on Monday. Leslie’s, Inc. has a 12 month low of $2.02 and a 12 month high of $8.21. The firm has a market capitalization of $399.53 million, a PE ratio of -18.00 and a beta of 1.12. The business’s fifty day moving average price is $2.69 and its 200 day moving average price is $3.12.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings data on Monday, November 25th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $397.90 million for the quarter, compared to analysts’ expectations of $405.19 million. During the same quarter in the prior year, the firm posted $0.14 EPS. The firm’s quarterly revenue was down 8.0% compared to the same quarter last year. As a group, equities analysts anticipate that Leslie’s, Inc. will post 0.14 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on LESL. William Blair reiterated a “market perform” rating on shares of Leslie’s in a research note on Tuesday, November 26th. Telsey Advisory Group cut their price target on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating on the stock in a report on Tuesday, November 26th. Finally, Robert W. Baird decreased their price objective on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Leslie’s currently has an average rating of “Hold” and an average target price of $3.61.

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.