Bayesian Capital Management LP Makes New Investment in Leslie’s, Inc. (NASDAQ:LESL)

Bayesian Capital Management LP bought a new position in Leslie’s, Inc. (NASDAQ:LESL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 121,065 shares of the company’s stock, valued at approximately $787,000. Bayesian Capital Management LP owned 0.07% of Leslie’s as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blueshift Asset Management LLC boosted its holdings in shares of Leslie’s by 9.0% in the 4th quarter. Blueshift Asset Management LLC now owns 16,787 shares of the company’s stock valued at $116,000 after purchasing an additional 1,385 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Leslie’s by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 35,967 shares of the company’s stock valued at $234,000 after purchasing an additional 2,473 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of Leslie’s by 1.7% in the 1st quarter. Texas Permanent School Fund Corp now owns 160,928 shares of the company’s stock valued at $1,046,000 after purchasing an additional 2,710 shares during the last quarter. Wealth Alliance boosted its holdings in shares of Leslie’s by 17.4% in the 4th quarter. Wealth Alliance now owns 20,393 shares of the company’s stock valued at $141,000 after purchasing an additional 3,023 shares during the last quarter. Finally, Diversified Trust Co boosted its holdings in shares of Leslie’s by 4.1% in the 1st quarter. Diversified Trust Co now owns 82,092 shares of the company’s stock valued at $534,000 after purchasing an additional 3,200 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LESL shares. Piper Sandler decreased their price target on shares of Leslie’s from $6.00 to $3.00 and set a “neutral” rating on the stock in a report on Thursday, July 18th. Loop Capital decreased their price target on shares of Leslie’s from $6.00 to $3.00 and set a “hold” rating on the stock in a report on Friday, July 19th. Stifel Nicolaus lowered shares of Leslie’s from a “hold” rating to a “sell” rating and reduced their target price for the company from $5.25 to $2.50 in a report on Thursday, July 18th. Bank of America reduced their target price on shares of Leslie’s from $6.40 to $5.15 and set a “buy” rating on the stock in a report on Thursday, July 18th. Finally, Jefferies Financial Group reduced 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.18.

Leslie’s Price Performance

Leslie’s stock traded up $0.02 during midday trading on Tuesday, hitting $2.93. 2,726,914 shares of the stock were exchanged, compared to its average volume of 4,054,415. Leslie’s, Inc. has a 1 year low of $2.42 and a 1 year high of $8.21. The firm has a market cap of $541.29 million, a P/E ratio of 37.63, a P/E/G ratio of 5.03 and a beta of 1.16. The company has a 50 day moving average price of $4.26 and a two-hundred day moving average price of $5.57.

Leslie’s (NASDAQ:LESL) last released its earnings results on Wednesday, May 8th. The company reported ($0.18) earnings per share for the quarter, hitting the consensus estimate of ($0.18). The company had revenue of $188.66 million during the quarter, compared to the consensus estimate of $202.69 million. Leslie’s had a net margin of 1.06% and a negative return on equity of 12.55%. As a group, analysts predict that Leslie’s, Inc. will post 0.07 EPS for the current year.

Leslie’s Company 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.