State Street Corp Grows Stock Holdings in Leslie’s, Inc. (NASDAQ:LESL)

State Street Corp lifted its position in shares of Leslie’s, Inc. (NASDAQ:LESL) by 7.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,406,377 shares of the company’s stock after acquiring an additional 601,177 shares during the quarter. State Street Corp’s holdings in Leslie’s were worth $26,564,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LESL. Raymond James & Associates increased its position in shares of Leslie’s by 24.3% in the second quarter. Raymond James & Associates now owns 2,096,631 shares of the company’s stock valued at $8,785,000 after buying an additional 410,128 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of Leslie’s by 22.8% in the second quarter. Raymond James Trust N.A. now owns 96,850 shares of the company’s stock valued at $406,000 after acquiring an additional 17,981 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Leslie’s by 6.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,532,326 shares of the company’s stock valued at $10,610,000 after acquiring an additional 146,215 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in Leslie’s during the 2nd quarter worth about $55,000. Finally, Bfsg LLC increased its position in Leslie’s by 94.6% during the 2nd quarter. Bfsg LLC now owns 20,750 shares of the company’s stock worth $87,000 after purchasing an additional 10,089 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Robert W. Baird reduced their target price on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. William Blair restated a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. Finally, Telsey Advisory Group cut their price target on Leslie’s from $4.00 to $3.75 and set a “market perform” rating for the company in a report on Tuesday, November 26th. One investment 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. Based on data from MarketBeat, Leslie’s presently has an average rating of “Hold” and a consensus price target of $3.61.

Leslie’s Stock Performance

Shares of LESL stock opened at $2.16 on Monday. The firm has a market capitalization of $399.53 million, a price-to-earnings ratio of -18.00 and a beta of 1.12. The company has a 50 day moving average price of $2.69 and a 200 day moving average price of $3.12. Leslie’s, Inc. has a one year low of $2.02 and a one year high of $8.21.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings data 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 return on equity of 6.11% and a negative net margin of 1.76%. The firm had revenue of $397.90 million for the quarter, compared to analyst estimates of $405.19 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. The company’s quarterly revenue was down 8.0% on a year-over-year basis. As a group, equities analysts forecast that Leslie’s, Inc. will post 0.14 EPS for the current fiscal year.

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.