Public Sector Pension Investment Board Has $1.77 Million Position in Leslie’s, Inc. (NASDAQ:LESL)

Public Sector Pension Investment Board increased its holdings in shares of Leslie’s, Inc. (NASDAQ:LESL) by 10.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 422,522 shares of the company’s stock after acquiring an additional 40,685 shares during the period. Public Sector Pension Investment Board’s holdings in Leslie’s were worth $1,770,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. nVerses Capital LLC bought a new position in Leslie’s during the 2nd quarter valued at about $26,000. Covestor Ltd lifted its holdings in Leslie’s by 32,510.0% during the 1st quarter. Covestor Ltd now owns 6,522 shares of the company’s stock valued at $42,000 after purchasing an additional 6,502 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in Leslie’s during the 2nd quarter valued at about $55,000. Los Angeles Capital Management LLC bought a new position in Leslie’s in the 2nd quarter valued at $57,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Leslie’s in the 1st quarter valued at $100,000.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Jefferies Financial Group decreased their price objective on Leslie’s from $5.00 to $4.00 and set a “hold” rating on the stock in a research report on Wednesday, July 10th. Mizuho reduced their price target on Leslie’s from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Piper Sandler reduced their price target on Leslie’s from $6.00 to $3.00 and set a “neutral” rating on the stock in a research report on Thursday, July 18th. Bank of America reduced their price target on Leslie’s from $6.40 to $5.15 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Finally, Loop Capital reduced their price target on Leslie’s from $6.00 to $3.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. 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. According to MarketBeat.com, Leslie’s currently has an average rating of “Hold” and a consensus target price of $3.96.

Leslie’s Trading Up 10.5 %

LESL stock opened at $3.16 on Tuesday. The business’s 50-day moving average price is $2.95 and its two-hundred day moving average price is $4.19. The firm has a market cap of $583.79 million, a PE ratio of 39.50, a P/E/G ratio of 8.30 and a beta of 1.17. Leslie’s, Inc. has a 1-year low of $2.42 and a 1-year high of $8.21.

Leslie’s (NASDAQ:LESL) last posted its earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $569.99 million. During the same period in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. On average, analysts forecast that Leslie’s, Inc. will post 0.04 earnings per share for the current year.

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.