Leslie’s, Inc. (NASDAQ:LESL) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in Leslie’s, Inc. (NASDAQ:LESL) by 27.0% during the 3rd quarter, according to the company in its most recent disclosure 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’s holdings in Leslie’s were worth $565,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ariel Investments LLC boosted its holdings in shares of Leslie’s by 46.5% in 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 during the period. Private Management Group Inc. boosted its stake in 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 purchasing an additional 3,052,539 shares during the period. Allspring Global Investments Holdings LLC grew its position in Leslie’s by 13.6% during the 3rd 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. Raymond James & Associates raised its stake in Leslie’s by 24.3% during the 2nd quarter. Raymond James & Associates now owns 2,096,631 shares of the company’s stock valued at $8,785,000 after purchasing an additional 410,128 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Leslie’s by 5.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,732,514 shares of the company’s stock valued at $7,259,000 after purchasing an additional 89,455 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LESL. Robert W. Baird dropped their price target on Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. William Blair reiterated a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. Finally, Telsey Advisory Group lowered their price objective on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating on the stock in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $3.61.

Leslie’s Trading Up 4.9 %

NASDAQ:LESL opened at $2.16 on Friday. The firm 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 1-year low of $2.02 and a 1-year high of $8.21. The business’s 50-day moving average price is $2.69 and its two-hundred day moving average price is $3.14.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings results on Monday, November 25th. The company reported $0.02 EPS 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 business had revenue of $397.90 million for the quarter, compared to analyst estimates of $405.19 million. During the same period in the prior year, the business earned $0.14 EPS. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. Sell-side analysts predict that Leslie’s, Inc. will post 0.14 earnings per share for the current year.

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.