Confluence Investment Management LLC boosted its position in shares of Leslie's, Inc. (NASDAQ:LESL – Get Rating) by 46.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,523,846 shares of the company's stock after buying an additional 483,152 shares during the period. Confluence Investment Management LLC owned approximately 0.83% of Leslie's worth $23,132,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Amalgamated Bank lifted its holdings in shares of Leslie's by 19.1% during the 1st quarter. Amalgamated Bank now owns 32,466 shares of the company's stock worth $629,000 after acquiring an additional 5,199 shares during the period. Offit Capital Advisors LLC acquired a new position in Leslie's during the first quarter valued at approximately $508,000. Bank of America Corp DE lifted its stake in Leslie's by 61.2% during the first quarter. Bank of America Corp DE now owns 580,459 shares of the company's stock worth $11,237,000 after purchasing an additional 220,478 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Leslie's in the 1st quarter valued at $319,000. Finally, Capital Research Global Investors increased its stake in shares of Leslie's by 106.3% in the 1st quarter. Capital Research Global Investors now owns 7,009,446 shares of the company's stock valued at $135,703,000 after purchasing an additional 3,612,422 shares during the last quarter.
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Leslie's Price Performance
LESL opened at $13.88 on Monday. Leslie's, Inc. has a fifty-two week low of $13.47 and a fifty-two week high of $24.40. The company's 50 day moving average price is $15.10 and its two-hundred day moving average price is $17.51. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.61 and a beta of 0.79.
Leslie's (NASDAQ:LESL – Get Rating) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.06). The business had revenue of $673.60 million during the quarter, compared to the consensus estimate of $688.64 million. Leslie's had a negative return on equity of 49.59% and a net
margin of 9.74%. The business's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 EPS. As a group, equities research analysts predict that Leslie's, Inc. will post 0.88 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on LESL. Telsey Advisory Group downgraded Leslie's from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $28.00 to $16.00 in a research report on Monday, August 8th. Stifel Nicolaus reduced their price target on shares of Leslie's from $22.00 to $20.00 in a research note on Monday, August 8th. Morgan Stanley lowered their price objective on shares of Leslie's from $24.00 to $15.00 and set an "equal weight" rating for the company in a research report on Monday, August 8th. Loop Capital lowered shares of Leslie's from a "buy" rating to a "hold" rating and cut their target price for the company from $26.00 to $16.00 in a research report on Thursday, June 23rd. Finally, Guggenheim decreased their target price on shares of Leslie's from $25.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, June 23rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $21.22.
Leslie's Profile
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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 offers pool chemicals consisting of chlorine, sanitizers, water balancers, specialty chemicals, and algae control; pool covers, including winter, solar and safety covers, leaf nets, cover reels, and cover alternatives; pool equipment, which comprise pool cleaners, pool pumps, pool filters, pool heating, and lighting; and pools, such as above ground pools, soft side pools, above ground pools liners and equipment, ladders and rails, and diving boards.
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