Bleakley Financial Group LLC Sells 9,972 Shares of Leslie’s, Inc. (NASDAQ:LESL)

Bleakley Financial Group LLC reduced its holdings in Leslie’s, Inc. (NASDAQ:LESL) by 10.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 83,944 shares of the company’s stock after selling 9,972 shares during the quarter. Bleakley Financial Group LLC’s holdings in Leslie’s were worth $265,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bfsg LLC raised its position in shares of Leslie’s by 134.2% during the third quarter. Bfsg LLC now owns 48,590 shares of the company’s stock worth $154,000 after acquiring an additional 27,840 shares during the last quarter. Creative Planning acquired a new position in shares of Leslie’s in the 3rd quarter worth approximately $77,000. Exchange Traded Concepts LLC bought a new stake in shares of Leslie’s in the 3rd quarter valued at $321,000. Perpetual Ltd acquired a new stake in shares of Leslie’s during the third quarter worth $1,787,000. Finally, Sanctuary Advisors LLC bought a new position in Leslie’s during the second quarter worth $244,000.

Leslie’s Price Performance

LESL opened at $2.75 on Thursday. Leslie’s, Inc. has a fifty-two week low of $2.42 and a fifty-two week high of $8.21. The firm has a market capitalization of $508.04 million, a PE ratio of 34.38, a P/E/G ratio of 2.33 and a beta of 1.17. The company’s 50-day moving average is $2.88 and its 200 day moving average is $3.77.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on LESL. Mizuho cut their price target on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Bank of America lowered their price objective on shares of Leslie’s from $6.40 to $5.15 and set a “buy” rating for the company in a research note on Thursday, July 18th. Piper Sandler reduced their price target 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 report on Tuesday, August 27th. Finally, Stifel Nicolaus downgraded Leslie’s from a “hold” rating to a “sell” rating and reduced their target price for the company from $5.25 to $2.50 in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $3.96.

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.