Barclays PLC Boosts Stake in Leslie’s, Inc. (NASDAQ:LESL)

Barclays PLC lifted its holdings in shares of Leslie’s, Inc. (NASDAQ:LESL) by 125.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 399,169 shares of the company’s stock after acquiring an additional 221,809 shares during the quarter. Barclays PLC’s holdings in Leslie’s were worth $1,260,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LESL. nVerses Capital LLC acquired a new stake in Leslie’s during the 2nd quarter valued at approximately $26,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Leslie’s during the third quarter worth approximately $32,000. Blue Trust Inc. increased its stake in shares of Leslie’s by 1,089.6% in the third quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock worth $35,000 after buying an additional 10,144 shares during the last quarter. IHT Wealth Management LLC raised its holdings in Leslie’s by 52.6% in the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock valued at $51,000 after acquiring an additional 5,776 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Leslie’s during the 2nd quarter valued at $57,000.

Leslie’s Price Performance

LESL stock opened at $2.23 on Monday. Leslie’s, Inc. has a 52-week low of $2.02 and a 52-week high of $8.21. The firm has a market capitalization of $412.48 million, a P/E ratio of -18.58 and a beta of 1.12. The company’s 50 day simple moving average is $2.64 and its 200-day simple moving average is $3.02.

Leslie’s (NASDAQ:LESL) last posted its quarterly earnings results on Monday, November 25th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.09). The company had revenue of $397.90 million for the quarter, compared to analyst estimates of $405.19 million. Leslie’s had a negative return on equity of 6.11% and a negative net margin of 1.76%. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. Sell-side analysts predict that Leslie’s, Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LESL has been the topic of several research analyst reports. Telsey Advisory Group reduced their price target on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating on the stock in a research report on Tuesday, November 26th. Robert W. Baird reduced their target price on Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. Finally, William Blair reiterated a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Leslie’s has an average rating of “Hold” and an average price target of $3.61.

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.