Barclays PLC Boosts Stake in Leslie’s, Inc. (NASDAQ:LESL)

Barclays PLC boosted its holdings in Leslie’s, Inc. (NASDAQ:LESL) by 125.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 399,169 shares of the company’s stock after acquiring an additional 221,809 shares during the quarter. Barclays PLC owned about 0.22% of Leslie’s worth $1,260,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ariel Investments LLC boosted its holdings in Leslie’s by 46.5% during the second 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 in the last quarter. State Street Corp boosted its stake in shares of Leslie’s by 7.7% during the 3rd quarter. State Street Corp now owns 8,406,377 shares of the company’s stock worth $26,564,000 after acquiring an additional 601,177 shares in the last quarter. Private Management Group Inc. grew its holdings 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 worth $17,599,000 after acquiring an additional 3,052,539 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Leslie’s by 13.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,877,390 shares of the company’s stock worth $9,093,000 after purchasing an additional 345,064 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new stake in Leslie’s in the third quarter valued at $6,470,000.

Leslie’s Stock Down 1.8 %

Shares of NASDAQ:LESL opened at $2.23 on Monday. The company has a market cap of $412.48 million, a P/E ratio of -18.58 and a beta of 1.12. The business has a fifty day simple moving average of $2.64 and a 200-day simple moving average of $3.02. Leslie’s, Inc. has a 52 week low of $2.02 and a 52 week high of $8.21.

Leslie’s (NASDAQ:LESL) last announced its quarterly 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 net margin of 1.76% and a negative return on equity of 6.11%. The company had revenue of $397.90 million during the quarter, compared to analyst estimates of $405.19 million. During the same quarter last year, the business earned $0.14 EPS. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. Sell-side analysts expect that Leslie’s, Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LESL. Robert W. Baird lowered 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 note on Tuesday, November 26th. William Blair restated a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. Finally, Telsey Advisory Group dropped their price target on 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 equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Leslie’s currently has a consensus rating of “Hold” and an average target price of $3.61.

About Leslie’s

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.