Raymond James & Associates Boosts Stake in Leslie’s, Inc. (NASDAQ:LESL)

Raymond James & Associates lifted its stake in Leslie’s, Inc. (NASDAQ:LESL – Get Rating) by 504.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,006,861 shares of the company’s stock after purchasing an additional 840,224 shares during the quarter. Raymond James & Associates owned about 0.55% of Leslie’s worth $12,294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in LESL. BlackRock Inc. boosted its position in shares of Leslie’s by 210.2% in the 3rd quarter. BlackRock Inc. now owns 19,434,979 shares of the company’s stock worth $285,887,000 after purchasing an additional 13,169,336 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Leslie’s by 106.3% in the 1st quarter. Capital Research Global Investors now owns 7,009,446 shares of the company’s stock worth $135,703,000 after purchasing an additional 3,612,422 shares in the last quarter. River Road Asset Management LLC bought a new stake in shares of Leslie’s in the 3rd quarter worth approximately $39,728,000. Vanguard Group Inc. boosted its position in shares of Leslie’s by 19.6% in the 3rd quarter. Vanguard Group Inc. now owns 14,441,575 shares of the company’s stock worth $212,435,000 after purchasing an additional 2,367,168 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Leslie’s by 79.5% in the 3rd quarter. State Street Corp now owns 4,469,530 shares of the company’s stock worth $65,747,000 after purchasing an additional 1,979,076 shares in the last quarter.

Leslie’s Price Performance

NASDAQ LESL opened at $10.16 on Wednesday. The business’s fifty day moving average price is $10.94 and its 200-day moving average price is $12.71. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 3.76 and a beta of 0.81. Leslie’s, Inc. has a 1-year low of $10.06 and a 1-year high of $20.30.

Leslie’s (NASDAQ:LESL – Get Rating) last posted its quarterly earnings data on Wednesday, May 3rd. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The company had revenue of $212.84 million during the quarter, compared to analysts’ expectations of $221.36 million. Leslie’s had a negative return on equity of 54.83% and a net margin of 7.65%. Equities research analysts anticipate that Leslie’s, Inc. will post 0.73 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on LESL shares. Piper Sandler dropped their price target on Leslie’s from $18.00 to $16.00 in a research report on Wednesday, April 26th. Roth Capital reaffirmed a “neutral” rating on shares of Leslie’s in a research report on Friday, February 3rd. Stifel Nicolaus lowered their price objective on Leslie’s from $12.00 to $11.00 in a research report on Monday, May 8th. Loop Capital raised Leslie’s from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Thursday, April 6th. Finally, Robert W. Baird lowered their price objective on Leslie’s from $16.00 to $12.00 in a research report on Thursday, April 27th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Leslie’s currently has an average rating of “Hold” and an average price target of $14.88.

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.