Sanctuary Advisors LLC Makes New $244,000 Investment in Leslie’s, Inc. (NASDAQ:LESL)

Sanctuary Advisors LLC bought a new stake in Leslie’s, Inc. (NASDAQ:LESL) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 61,276 shares of the company’s stock, valued at approximately $244,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. nVerses Capital LLC acquired a new stake in shares of Leslie’s in the second quarter valued at $26,000. Covestor Ltd increased its stake in shares of Leslie’s by 32,510.0% in the first quarter. Covestor Ltd now owns 6,522 shares of the company’s stock valued at $42,000 after buying an additional 6,502 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Leslie’s in the second quarter valued at $55,000. Los Angeles Capital Management LLC acquired a new stake in shares of Leslie’s in the second quarter valued at $57,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Leslie’s in the first quarter valued at $100,000.

Analyst Upgrades and Downgrades

LESL has been the subject of a number of research reports. Loop Capital lowered their target price on Leslie’s from $6.00 to $3.00 and set a “hold” rating for the company in a research note on Friday, July 19th. Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 price target on shares of Leslie’s in a report on Tuesday, August 27th. Bank of America decreased 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. Jefferies Financial Group decreased their price target on Leslie’s from $5.00 to $4.00 and set a “hold” rating on the stock in a report on Wednesday, July 10th. Finally, Stifel Nicolaus cut Leslie’s from a “hold” rating to a “sell” rating and decreased their price target for the company from $5.25 to $2.50 in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.96.

Leslie’s Trading Up 1.1 %

Shares of LESL opened at $2.66 on Friday. Leslie’s, Inc. has a 1 year low of $2.42 and a 1 year high of $8.21. The stock has a market cap of $491.42 million, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 2.33 and a beta of 1.17. The stock’s 50-day moving average price is $2.90 and its two-hundred day moving average price is $3.82.

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