Point72 Asset Management L.P. Invests $1.70 Million in Leslie’s, Inc. (NASDAQ:LESL)

Point72 Asset Management L.P. purchased a new position in Leslie’s, Inc. (NASDAQ:LESL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 538,661 shares of the company’s stock, valued at approximately $1,702,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. nVerses Capital LLC acquired a new position in shares of Leslie’s in the 2nd quarter worth approximately $26,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Leslie’s in the 3rd quarter worth approximately $32,000. Blue Trust Inc. lifted its position in shares of Leslie’s by 1,089.6% in the 3rd 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. IHT Wealth Management LLC lifted its position in shares of Leslie’s by 52.6% in the 3rd quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock worth $51,000 after purchasing an additional 5,776 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Leslie’s in the 2nd quarter worth approximately $55,000.

Leslie’s Trading Down 1.9 %

Shares of LESL stock opened at $2.60 on Wednesday. The firm has a market capitalization of $480.92 million, a PE ratio of -21.67 and a beta of 1.12. The firm has a fifty day simple moving average of $2.76 and a two-hundred day simple moving average of $3.29. Leslie’s, Inc. has a 12 month low of $2.20 and a 12 month high of $8.21.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings results on Monday, November 25th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). The business had revenue of $397.90 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 EPS. On average, equities analysts predict that Leslie’s, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LESL shares. Robert W. Baird dropped their price target on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. William Blair reiterated a “market perform” rating on shares of Leslie’s in a research note on Tuesday, November 26th. Finally, Telsey Advisory Group lowered 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 research note on Tuesday, November 26th. One 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.61.

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.