Leslie’s (NASDAQ:LESL) Issues Earnings Results

Leslie’s (NASDAQ:LESL) issued its quarterly earnings data on Wednesday. The company reported $3.96 EPS for the quarter, missing analysts’ consensus estimates of $4.86 by ($0.90), FiscalAI reports. The business had revenue of $458.49 million during the quarter, compared to analysts’ expectations of $503.22 million.

Leslie’s Stock Down 0.8%

LESL stock traded down $0.01 during trading on Wednesday, reaching $1.32. The stock had a trading volume of 4,573,305 shares, compared to its average volume of 798,610. The company has a market capitalization of $12.35 million, a price-to-earnings ratio of -0.04 and a beta of 1.74. Leslie’s has a one year low of $0.80 and a one year high of $12.53. The company’s 50 day moving average is $5.24 and its two-hundred day moving average is $2.91.

Analysts Set New Price Targets

LESL has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Leslie’s in a report on Thursday, June 18th. Wolfe Research reiterated an “outperform” rating and set a $3.00 price target (up from $2.00) on shares of Leslie’s in a report on Thursday, May 14th. Mizuho lowered their price target on Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Friday, May 8th. Finally, Wall Street Zen upgraded Leslie’s from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $2.85.

Hedge Funds Weigh In On Leslie’s

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC grew its stake in Leslie’s by 61.3% in the 2nd quarter. Jane Street Group LLC now owns 3,570,476 shares of the company’s stock valued at $1,499,000 after buying an additional 1,356,700 shares in the last quarter. AQR Capital Management LLC raised its holdings in Leslie’s by 923.6% during the 1st quarter. AQR Capital Management LLC now owns 1,254,176 shares of the company’s stock valued at $922,000 after acquiring an additional 1,131,647 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Leslie’s during the second quarter worth $229,000. Man Group plc lifted its position in shares of Leslie’s by 87.1% during the second quarter. Man Group plc now owns 1,016,078 shares of the company’s stock worth $427,000 after acquiring an additional 473,148 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Leslie’s by 2,643.2% in the second quarter. Ameriprise Financial Inc. now owns 407,913 shares of the company’s stock worth $171,000 after acquiring an additional 393,043 shares during the period.

About Leslie’s

Leslie’s, Inc (NASDAQ: LESL) is the largest direct-to-consumer retailer of swimming pool supplies and related equipment in the United States. Through a network of more than 900 company-operated stores and a robust e-commerce platform, the company offers a comprehensive range of pool chemicals, cleaning tools, pumps, filters, heaters and pool accessories. In addition to product retailing, Leslie’s provides in-store and in-home water testing services, equipment installation, repair and ongoing maintenance programs designed to support both residential and commercial pool owners.

Founded in 1963 in North Miami Beach, Florida, Leslie’s has grown from a single neighborhood pool-supply shop into a national specialty retailer.