Janus Henderson Group PLC Sells 6,418,186 Shares of Leslie's, Inc. (NASDAQ:LESL)

Janus Henderson Group PLC cut its holdings in shares of Leslie's, Inc. (NASDAQ:LESL - Free Report) by 87.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 901,425 shares of the company's stock after selling 6,418,186 shares during the quarter. Janus Henderson Group PLC owned approximately 0.49% of Leslie's worth $2,849,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. nVerses Capital LLC acquired a new position in Leslie's during the second quarter valued at approximately $26,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Leslie's in the third quarter valued at $32,000. Blue Trust Inc. grew its holdings in Leslie's by 1,089.6% during the third 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. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Leslie's during the 2nd quarter worth approximately $55,000. Finally, Los Angeles Capital Management LLC bought a new stake in Leslie's in the 2nd quarter valued at $57,000.

Leslie's Price Performance

LESL stock traded down $0.02 during midday trading on Thursday, reaching $2.44. The company had a trading volume of 5,217,603 shares, compared to its average volume of 4,522,794. The company has a market capitalization of $451.32 million, a price-to-earnings ratio of -20.33 and a beta of 1.12. Leslie's, Inc. has a 1-year low of $2.20 and a 1-year high of $8.21. The stock has a 50 day moving average price of $2.75 and a 200-day moving average price of $3.28.

Leslie's (NASDAQ:LESL - Get Free Report) last announced its quarterly earnings data on Monday, November 25th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.09). The firm had revenue of $397.90 million for 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 firm's revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 earnings per share. As a group, research analysts anticipate that Leslie's, Inc. will post 0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Telsey Advisory Group dropped their price objective on shares of Leslie's from $4.00 to $3.75 and set a "market perform" rating on the stock in a research report on Tuesday, November 26th. Robert W. Baird reduced their price objective on Leslie's from $4.00 to $3.50 and set a "neutral" rating for the company in a report on Tuesday, November 26th. Finally, William Blair reiterated a "market perform" rating on shares of Leslie's in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus 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.