JPMorgan Chase & Co. Acquires 344,873 Shares of Leslie’s, Inc. (NASDAQ:LESL)

JPMorgan Chase & Co. boosted its holdings in Leslie’s, Inc. (NASDAQ:LESL) by 142.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 586,926 shares of the company’s stock after buying an additional 344,873 shares during the period. JPMorgan Chase & Co.’s holdings in Leslie’s were worth $1,855,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LESL. Envestnet Asset Management Inc. increased its position in shares of Leslie’s by 5.4% during 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 during the period. XTX Topco Ltd bought a new stake in shares of Leslie’s during the second quarter valued at approximately $107,000. Ensign Peak Advisors Inc increased its position in shares of Leslie’s by 24.2% during the second quarter. Ensign Peak Advisors Inc now owns 106,830 shares of the company’s stock valued at $448,000 after purchasing an additional 20,800 shares during the period. Public Sector Pension Investment Board increased its position in shares of Leslie’s by 10.7% during the second quarter. Public Sector Pension Investment Board now owns 422,522 shares of the company’s stock valued at $1,770,000 after purchasing an additional 40,685 shares during the period. Finally, Marshall Wace LLP increased its position in shares of Leslie’s by 477.4% during the second quarter. Marshall Wace LLP now owns 1,110,404 shares of the company’s stock valued at $4,653,000 after purchasing an additional 918,084 shares during the period.

Leslie’s Price Performance

NASDAQ LESL opened at $2.14 on Thursday. Leslie’s, Inc. has a 1 year low of $2.02 and a 1 year high of $8.21. The firm has a market cap of $396.35 million, a price-to-earnings ratio of -17.83 and a beta of 1.11. The company has a fifty day moving average price of $2.40 and a 200-day moving average price of $2.76.

Leslie’s (NASDAQ:LESL) last issued 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 net margin of 1.76% and a negative return on equity of 6.11%. The business had revenue of $397.90 million for the quarter, compared to the consensus estimate of $405.19 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. The firm’s revenue was down 8.0% on a year-over-year basis. On average, research analysts anticipate that Leslie’s, Inc. will post 0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LESL. Mizuho lowered their price objective on Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Telsey Advisory Group lowered their price objective on 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. William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a research note on Tuesday, November 26th. Finally, Robert W. Baird decreased their price target on Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Leslie’s has a consensus rating of “Hold” and an average price target of $3.49.

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.