JPMorgan Chase & Co. Increases Position in Leslie's, Inc. (NASDAQ:LESL)

JPMorgan Chase & Co. boosted its position in Leslie's, Inc. (NASDAQ:LESL - Free Report) by 142.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 586,926 shares of the company's stock after purchasing an additional 344,873 shares during the quarter. JPMorgan Chase & Co. owned about 0.32% of Leslie's worth $1,855,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its stake in Leslie's by 6.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 81,345 shares of the company's stock valued at $341,000 after acquiring an additional 4,798 shares in the last quarter. Integrated Investment Consultants LLC grew its position in shares of Leslie's by 36.1% in the third quarter. Integrated Investment Consultants LLC now owns 21,500 shares of the company's stock valued at $68,000 after purchasing an additional 5,700 shares in the last quarter. IHT Wealth Management LLC increased its holdings in shares of Leslie's by 52.6% in the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company's stock valued at $51,000 after purchasing an additional 5,776 shares during the last quarter. Dark Forest Capital Management LP lifted its position in Leslie's by 54.2% during the second quarter. Dark Forest Capital Management LP now owns 21,776 shares of the company's stock worth $91,000 after buying an additional 7,650 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake 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 buying an additional 10,144 shares during the last quarter.

Wall Street Analysts Forecast Growth

LESL has been the subject of a number of recent research reports. Telsey Advisory Group cut their target price on 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. Mizuho reduced their target price on shares of Leslie's from $4.00 to $3.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. William Blair reiterated a "market perform" rating on shares of Leslie's in a report on Tuesday, November 26th. Finally, Robert W. Baird reduced 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $3.49.

Leslie's Price Performance

Shares of NASDAQ:LESL traded up $0.01 during mid-day trading on Thursday, reaching $2.15. 3,663,451 shares of the company were exchanged, compared to its average volume of 4,639,618. The firm has a market cap of $398.57 million, a price-to-earnings ratio of -17.79 and a beta of 1.11. Leslie's, Inc. has a 1 year low of $2.02 and a 1 year high of $8.21. The firm's 50-day simple moving average is $2.40 and its 200 day simple moving average is $2.76.

Leslie's (NASDAQ:LESL - Get Free Report) last issued its quarterly earnings data on Monday, November 25th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.09). The firm had revenue of $397.90 million during 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 company's quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. On average, research analysts forecast that Leslie's, Inc. will post 0.08 earnings per share for the current fiscal 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.