Charles Schwab Investment Management Inc. Reduces Stock Holdings in Leslie's, Inc. (NASDAQ:LESL)

Charles Schwab Investment Management Inc. cut its position in Leslie's, Inc. (NASDAQ:LESL - Free Report) by 13.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,645,543 shares of the company's stock after selling 249,033 shares during the period. Charles Schwab Investment Management Inc. owned 0.89% of Leslie's worth $5,200,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Ariel Investments LLC lifted its stake in Leslie's by 46.5% in the second quarter. Ariel Investments LLC now owns 36,601,368 shares of the company's stock valued at $153,360,000 after buying an additional 11,618,490 shares in the last quarter. Private Management Group Inc. lifted its position in shares of Leslie's by 121.3% in the third quarter. Private Management Group Inc. now owns 5,569,278 shares of the company's stock valued at $17,599,000 after buying an additional 3,052,539 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of Leslie's by 1,300.5% during the 2nd quarter. Squarepoint Ops LLC now owns 1,187,916 shares of the company's stock worth $4,977,000 after buying an additional 1,103,096 shares during the last quarter. Marshall Wace LLP lifted its position in Leslie's by 477.4% during the second quarter. Marshall Wace LLP now owns 1,110,404 shares of the company's stock worth $4,653,000 after acquiring an additional 918,084 shares during the last quarter. Finally, Perpetual Ltd bought a new position in shares of Leslie's during the third quarter worth approximately $1,787,000.

Leslie's Price Performance

Shares of LESL stock traded up $0.02 during trading hours on Friday, reaching $2.46. The company had a trading volume of 4,401,964 shares, compared to its average volume of 4,521,409. The company has a market cap of $455.03 million, a price-to-earnings ratio of -19.83 and a beta of 1.12. Leslie's, Inc. has a 12 month low of $2.20 and a 12 month high of $8.21. The business has a fifty day simple moving average of $2.75 and a 200-day simple moving average of $3.28.

Leslie's (NASDAQ:LESL - Get Free Report) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.09). Leslie's had a negative return on equity of 6.11% and a negative net margin of 1.76%. The company had revenue of $397.90 million during the quarter, compared to the consensus estimate of $405.19 million. During the same quarter last year, the company posted $0.14 earnings per share. The firm's revenue for the quarter was down 8.0% on a year-over-year basis. On average, equities research analysts expect that Leslie's, Inc. will post 0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LESL shares. Robert W. Baird lowered their target price on shares of Leslie's from $4.00 to $3.50 and set a "neutral" rating on the stock in a report on Tuesday, November 26th. Telsey Advisory Group dropped their target price on shares of Leslie's from $4.00 to $3.75 and set a "market perform" rating for the company in a research report on Tuesday, November 26th. Finally, William Blair reiterated a "market perform" rating on shares of Leslie's in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $3.61.

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.