Patriot Financial Group Insurance Agency LLC Makes New $55,000 Investment in Leslie’s, Inc. (NASDAQ:LESL)

Patriot Financial Group Insurance Agency LLC purchased a new stake in Leslie’s, Inc. (NASDAQ:LESL) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 13,075 shares of the company’s stock, valued at approximately $55,000.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Leslie’s by 12.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,858,936 shares of the company’s stock worth $12,845,000 after acquiring an additional 201,082 shares during the last quarter. DAVENPORT & Co LLC boosted its position in Leslie’s by 12.4% in the first quarter. DAVENPORT & Co LLC now owns 4,519,246 shares of the company’s stock valued at $29,375,000 after buying an additional 500,292 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Leslie’s by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 19,116,849 shares of the company’s stock worth $132,097,000 after buying an additional 492,416 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Leslie’s during the first quarter worth $100,000. Finally, Neuberger Berman Group LLC grew its position in Leslie’s by 17.9% during the 4th quarter. Neuberger Berman Group LLC now owns 59,201 shares of the company’s stock worth $409,000 after acquiring an additional 8,980 shares during the last quarter.

Analyst Ratings Changes

LESL has been the topic of several recent analyst reports. Jefferies Financial Group dropped their target price on shares of Leslie’s from $5.00 to $4.00 and set a “hold” rating on the stock in a report on Wednesday, July 10th. Telsey Advisory Group restated a “market perform” rating and set a $4.00 target price on shares of Leslie’s in a research report on Tuesday. Loop Capital lowered their target price on Leslie’s from $6.00 to $3.00 and set a “hold” rating for the company in a report on Friday, July 19th. Stifel Nicolaus lowered Leslie’s from a “hold” rating to a “sell” rating and dropped their price target for the company from $5.25 to $2.50 in a research note on Thursday, July 18th. Finally, Mizuho reduced their price objective on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Leslie’s has an average rating of “Hold” and an average price target of $3.96.

Leslie’s Stock Down 6.8 %

LESL traded down $0.19 on Wednesday, hitting $2.60. The company’s stock had a trading volume of 1,839,791 shares, compared to its average volume of 4,092,394. The company’s 50 day simple moving average is $3.36 and its 200-day simple moving average is $4.98. Leslie’s, Inc. has a 12 month low of $2.42 and a 12 month high of $8.21. The firm has a market cap of $480.33 million, a P/E ratio of 32.63, a price-to-earnings-growth ratio of 4.51 and a beta of 1.16.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The company had revenue of $569.64 million during the quarter, compared to analyst estimates of $569.99 million. Leslie’s had a negative return on equity of 12.55% and a net margin of 1.06%. Leslie’s’s revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Equities analysts predict that Leslie’s, Inc. will post 0.07 earnings per share 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.