Lind Value II ApS Takes Position in Leslie’s, Inc. (NASDAQ:LESL)

Lind Value II ApS purchased a new stake in Leslie’s, Inc. (NASDAQ:LESL) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 4,600,216 shares of the company’s stock, valued at approximately $10,258,000. Leslie’s comprises 4.6% of Lind Value II ApS’s investment portfolio, making the stock its 4th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LESL. Los Angeles Capital Management LLC purchased a new position in shares of Leslie’s in the second quarter valued at approximately $57,000. Federated Hermes Inc. acquired a new position in Leslie’s in the 2nd quarter valued at $464,000. Envestnet Asset Management Inc. raised its stake in Leslie’s by 5.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,732,514 shares of the company’s stock valued at $7,259,000 after purchasing an additional 89,455 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in Leslie’s by 861.9% in the 2nd quarter. WINTON GROUP Ltd now owns 217,842 shares of the company’s stock valued at $913,000 after purchasing an additional 195,194 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in Leslie’s by 34.1% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 76,500 shares of the company’s stock worth $321,000 after purchasing an additional 19,462 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have recently commented on LESL. William Blair reiterated a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. Telsey Advisory Group cut their price objective on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating for the company in a report on Tuesday, November 26th. Mizuho lowered their target price on Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Robert W. Baird cut their price target on Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $3.49.

Leslie’s Stock Performance

LESL opened at $2.20 on Wednesday. The stock has a market capitalization of $407.46 million, a PE ratio of -18.33 and a beta of 1.11. Leslie’s, Inc. has a one year low of $2.02 and a one year high of $8.21. The business’s 50 day moving average price is $2.51 and its 200 day moving average price is $2.84.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings results on Monday, November 25th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.09). The business had revenue of $397.90 million during the quarter, compared to analyst estimates of $405.19 million. Leslie’s had a negative net margin of 1.76% and a negative return on equity of 6.11%. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period last year, the company earned $0.14 EPS. As a group, equities research analysts forecast that Leslie’s, Inc. will post 0.08 earnings per share for the current fiscal 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.