Blue Trust Inc. Acquires 10,144 Shares of Leslie’s, Inc. (NASDAQ:LESL)

Blue Trust Inc. raised its holdings in Leslie’s, Inc. (NASDAQ:LESL) by 1,089.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,075 shares of the company’s stock after purchasing an additional 10,144 shares during the quarter. Blue Trust Inc.’s holdings in Leslie’s were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. ProShare Advisors LLC grew 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 worth $234,000 after acquiring an additional 2,473 shares during the period. Texas Permanent School Fund Corp grew 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 worth $1,046,000 after acquiring an additional 2,710 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Leslie’s by 6.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 81,345 shares of the company’s stock worth $341,000 after acquiring an additional 4,798 shares during the period. Sei Investments Co. grew its stake in shares of 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 acquiring an additional 5,728 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Leslie’s by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 86,970 shares of the company’s stock worth $566,000 after acquiring an additional 6,101 shares during the period.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Bank of America dropped their price objective on Leslie’s from $6.40 to $5.15 and set a “buy” rating on the stock in a report on Thursday, July 18th. Telsey Advisory Group reissued a “market perform” rating and set a $4.00 price objective on shares of Leslie’s in a report on Tuesday, August 27th. Piper Sandler dropped their price objective on Leslie’s from $6.00 to $3.00 and set a “neutral” rating on the stock in a report on Thursday, July 18th. Mizuho dropped their price objective on Leslie’s from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Finally, Jefferies Financial Group dropped their price objective on Leslie’s from $5.00 to $4.00 and set a “hold” rating on the stock in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $3.96.

Leslie’s Stock Up 5.2 %

NASDAQ:LESL opened at $2.83 on Friday. The business’s 50-day moving average price is $2.84 and its two-hundred day moving average price is $3.67. Leslie’s, Inc. has a twelve month low of $2.42 and a twelve month high of $8.21. The stock has a market cap of $523.30 million, a P/E ratio of 141.50, a PEG ratio of 1.87 and a beta of 1.19.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share for the quarter, beating 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 analysts’ expectations of $569.99 million. During the same quarter last year, the firm posted $0.40 EPS. The company’s revenue was down 6.8% compared to the same quarter last year. On average, equities research analysts expect that Leslie’s, Inc. will post 0.04 EPS for the current fiscal 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.