Intech Investment Management LLC Takes Position in Leslie’s, Inc. (NASDAQ:LESL)

Intech Investment Management LLC bought a new stake in Leslie’s, Inc. (NASDAQ:LESL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 45,564 shares of the company’s stock, valued at approximately $144,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LESL. nVerses Capital LLC acquired a new stake in shares of Leslie’s in the 2nd quarter valued at $26,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Leslie’s during the third quarter worth $32,000. Blue Trust Inc. grew its stake in shares of Leslie’s by 1,089.6% during the third quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock worth $35,000 after purchasing an additional 10,144 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Leslie’s during the second quarter worth $55,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Leslie’s during the second quarter worth $57,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Robert W. Baird decreased their price objective on Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. Telsey Advisory Group decreased their price objective on Leslie’s from $4.00 to $3.75 and set a “market perform” rating for the company in a research note on Tuesday, November 26th. Finally, William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.61.

Leslie’s Trading Up 6.3 %

NASDAQ:LESL opened at $2.36 on Friday. Leslie’s, Inc. has a 1 year low of $2.20 and a 1 year high of $8.21. The stock has a market cap of $436.53 million, a price-to-earnings ratio of -19.67 and a beta of 1.12. The stock has a 50-day moving average price of $2.77 and a two-hundred day moving average price of $3.33.

Leslie’s (NASDAQ:LESL) last posted its earnings results on Monday, November 25th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). Leslie’s had a negative net margin of 1.76% and a negative return on equity of 6.11%. The business had revenue of $397.90 million during the quarter, compared to analyst estimates of $405.19 million. During the same period in the previous year, the firm posted $0.14 earnings per share. The firm’s revenue was down 8.0% on a year-over-year basis. Sell-side analysts forecast that Leslie’s, Inc. will post 0.14 earnings per share for the current year.

About Leslie’s

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.