Bank of New York Mellon Corp Boosts Position in Leslie’s, Inc. (NASDAQ:LESL)

Bank of New York Mellon Corp lifted its position in Leslie’s, Inc. (NASDAQ:LESL – Get Rating) by 52.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,190,070 shares of the company’s stock after purchasing an additional 753,884 shares during the quarter. Bank of New York Mellon Corp owned about 1.20% of Leslie’s worth $32,216,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LESL. Advisor Group Holdings Inc. grew its stake in shares of Leslie’s by 4.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 16,548 shares of the company’s stock valued at $369,000 after buying an additional 674 shares during the period. UBS Group AG grew its position in Leslie’s by 15.3% in the third quarter. UBS Group AG now owns 5,490 shares of the company’s stock worth $81,000 after acquiring an additional 727 shares during the period. Treasurer of the State of North Carolina increased its stake in Leslie’s by 1.3% during the third quarter. Treasurer of the State of North Carolina now owns 67,878 shares of the company’s stock worth $998,000 after acquiring an additional 880 shares during the last quarter. Private Advisor Group LLC raised its position in Leslie’s by 4.2% in the first quarter. Private Advisor Group LLC now owns 24,103 shares of the company’s stock valued at $467,000 after purchasing an additional 971 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of Leslie’s by 6.8% in the 1st quarter. Cetera Investment Advisers now owns 16,445 shares of the company’s stock valued at $318,000 after purchasing an additional 1,050 shares during the last quarter.

Wall Street Analysts Forecast Growth

LESL has been the subject of a number of recent analyst reports. Stifel Nicolaus downgraded Leslie’s from a “buy” rating to a “hold” rating and cut their price objective for the stock from $17.00 to $15.00 in a research report on Thursday, December 1st. Roth Capital reaffirmed a “neutral” rating on shares of Leslie’s in a research report on Friday, February 3rd. Piper Sandler cut their target price on Leslie’s to $17.00 in a research report on Friday, December 2nd. Telsey Advisory Group lowered their price target on Leslie’s from $16.00 to $15.00 and set a “market perform” rating for the company in a research report on Thursday, December 1st. Finally, Robert W. Baird downgraded Leslie’s from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $18.00 to $16.00 in a report on Tuesday, November 15th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Leslie’s currently has an average rating of “Hold” and a consensus price target of $17.22.

Leslie’s Trading Down 2.1 %

Shares of NASDAQ LESL opened at $11.81 on Tuesday. Leslie’s, Inc. has a 12-month low of $11.43 and a 12-month high of $21.73. The stock has a market cap of $2.17 billion, a P/E ratio of 15.14, a PEG ratio of 3.36 and a beta of 0.85. The business’s fifty day simple moving average is $13.56 and its 200-day simple moving average is $13.83.

Leslie’s (NASDAQ:LESL – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.01). Leslie’s had a net margin of 9.11% and a negative return on equity of 56.91%. The company had revenue of $195.10 million during the quarter, compared to analysts’ expectations of $178.82 million. On average, equities analysts forecast that Leslie’s, Inc. will post 0.76 EPS for the current fiscal year.

Leslie’s Company Profile

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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 offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products, as well as installation and repair services for pool and spa equipment.