Jade Capital Advisors LLC Raises Stock Position in Leslie’s, Inc. (NASDAQ:LESL)

Jade Capital Advisors LLC boosted its stake in shares of Leslie’s, Inc. (NASDAQ:LESL) by 5.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 362,600 shares of the company’s stock after acquiring an additional 20,000 shares during the period. Jade Capital Advisors LLC owned about 0.20% of Leslie’s worth $1,146,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LESL. Ariel Investments LLC boosted its stake 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 acquiring an additional 11,618,490 shares during the last quarter. Vanguard Group Inc. boosted its stake in Leslie’s by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 19,116,849 shares of the company’s stock worth $132,097,000 after purchasing an additional 492,416 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Leslie’s by 2.2% during the first quarter. Janus Henderson Group PLC now owns 7,320,338 shares of the company’s stock worth $47,581,000 after buying an additional 156,938 shares in the last quarter. DAVENPORT & Co LLC raised its position in shares of Leslie’s by 12.4% in the first quarter. DAVENPORT & Co LLC now owns 4,519,246 shares of the company’s stock valued at $29,375,000 after buying an additional 500,292 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Leslie’s by 13.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,877,390 shares of the company’s stock valued at $9,093,000 after buying an additional 345,064 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have commented on LESL. Piper Sandler cut their price objective on shares of Leslie’s from $6.00 to $3.00 and set a “neutral” rating for the company in a report on Thursday, July 18th. Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 price objective on shares of Leslie’s in a research report on Tuesday, August 27th. Loop Capital dropped their target price on Leslie’s from $6.00 to $3.00 and set a “hold” rating for the company in a report on Friday, July 19th. Bank of America reduced their price target on Leslie’s from $6.40 to $5.15 and set a “buy” rating on the stock in a report on Thursday, July 18th. Finally, Stifel Nicolaus cut shares of Leslie’s from a “hold” rating to a “sell” rating and lowered their price target for the company from $5.25 to $2.50 in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $3.96.

Leslie’s Trading Up 0.8 %

Shares of NASDAQ:LESL opened at $2.68 on Tuesday. The company has a market capitalization of $495.11 million, a price-to-earnings ratio of 33.50, a PEG ratio of 2.33 and a beta of 1.17. Leslie’s, Inc. has a 12-month low of $2.42 and a 12-month high of $8.21. The business has a 50-day moving average price of $2.90 and a 200 day moving average price of $3.81.

Leslie’s (NASDAQ:LESL) last announced its earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. The company had revenue of $569.64 million during the quarter, compared to analyst estimates of $569.99 million. Leslie’s had a net margin of 0.22% and a negative return on equity of 6.11%. Leslie’s’s revenue was down 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 earnings per share. As a group, equities research analysts predict that Leslie’s, Inc. will post 0.04 earnings per share for the current fiscal 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.