Maverick Capital Ltd. Takes Position in Leslie’s, Inc. (NASDAQ:LESL)

Maverick Capital Ltd. acquired a new stake in shares of Leslie’s, Inc. (NASDAQ:LESL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 409,648 shares of the company’s stock, valued at approximately $1,716,000. Maverick Capital Ltd. owned about 0.22% of Leslie’s at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Blueshift Asset Management LLC increased its stake in shares of Leslie’s by 9.0% during the 4th quarter. Blueshift Asset Management LLC now owns 16,787 shares of the company’s stock valued at $116,000 after acquiring an additional 1,385 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Leslie’s by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 35,967 shares of the company’s stock valued at $234,000 after acquiring an additional 2,473 shares during the last quarter. Texas Permanent School Fund Corp increased its stake in shares of Leslie’s by 1.7% during the 1st quarter. Texas Permanent School Fund Corp now owns 160,928 shares of the company’s stock valued at $1,046,000 after acquiring an additional 2,710 shares during the last quarter. Diversified Trust Co increased its position in Leslie’s by 4.1% during the 1st quarter. Diversified Trust Co now owns 82,092 shares of the company’s stock worth $534,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Sei Investments Co. increased its position in Leslie’s by 1.5% during the 1st quarter. Sei Investments Co. now owns 378,492 shares of the company’s stock worth $2,460,000 after purchasing an additional 5,728 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LESL. Loop Capital dropped their target price on shares of Leslie’s from $6.00 to $3.00 and set a “hold” rating for the company in a research report on Friday, July 19th. Piper Sandler dropped their target price on shares of Leslie’s from $6.00 to $3.00 and set a “neutral” rating for the company in a research report on Thursday, July 18th. Jefferies Financial Group dropped their target price on shares of Leslie’s from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Wednesday, July 10th. Bank of America dropped their target price on shares of Leslie’s from $6.40 to $5.15 and set a “buy” rating for the company in a research report on Thursday, July 18th. Finally, Mizuho dropped their target price on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Leslie’s has an average rating of “Hold” and an average target price of $3.96.

Leslie’s Trading Up 0.4 %

Leslie’s stock opened at $2.86 on Friday. The stock has a market cap of $528.84 million, a P/E ratio of 35.75, a price-to-earnings-growth ratio of 8.30 and a beta of 1.17. The stock has a 50 day moving average of $2.95 and a 200-day moving average of $4.26. Leslie’s, Inc. has a 52 week low of $2.42 and a 52 week high of $8.21.

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