Raymond James & Associates Sells 1,058,540 Shares of Leslie's, Inc. (NASDAQ:LESL)

Raymond James & Associates lessened its holdings in shares of Leslie's, Inc. (NASDAQ:LESL - Free Report) by 50.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,038,091 shares of the company's stock after selling 1,058,540 shares during the period. Raymond James & Associates owned 0.56% of Leslie's worth $3,280,000 as of its most recent filing with the SEC.

Other institutional investors 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. Covestor Ltd lifted its holdings in Leslie's by 32,510.0% in the first quarter. Covestor Ltd now owns 6,522 shares of the company's stock valued at $42,000 after buying an additional 6,502 shares during the period. Blue Trust Inc. boosted its position in Leslie's by 1,089.6% during the third quarter. Blue Trust Inc. now owns 11,075 shares of the company's stock valued at $35,000 after acquiring an additional 10,144 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in Leslie's during the 2nd quarter worth about $55,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Leslie's in the 2nd quarter worth about $57,000.

Leslie's Stock Up 2.8 %

LESL stock traded up $0.08 during mid-day trading on Monday, reaching $2.91. 5,268,111 shares of the company traded hands, compared to its average volume of 4,262,359. The firm's 50 day moving average price is $2.84 and its 200 day moving average price is $3.66. The stock has a market cap of $538.10 million, a price-to-earnings ratio of 145.50, a P/E/G ratio of 1.87 and a beta of 1.19. Leslie's, Inc. has a fifty-two week low of $2.42 and a fifty-two week high of $8.21.

Leslie's (NASDAQ:LESL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. Leslie's had a negative return on equity of 6.11% and a net margin of 0.22%. The business had revenue of $569.64 million during the quarter, compared to the consensus estimate of $569.99 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. Leslie's's revenue was down 6.8% compared to the same quarter last year. On average, analysts anticipate that Leslie's, Inc. will post 0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LESL shares. Loop Capital cut their target price on Leslie's from $6.00 to $3.00 and set a "hold" rating on the stock in a research report on Friday, July 19th. Bank of America lowered their price objective on shares of Leslie's from $6.40 to $5.15 and set a "buy" rating for the company in a research note on Thursday, July 18th. Telsey Advisory Group reissued a "market perform" rating and set a $4.00 target price on shares of Leslie's in a research note on Tuesday, August 27th. Mizuho decreased their price target on shares of Leslie's from $6.00 to $4.00 and set a "neutral" rating for the company in a research note on Tuesday, August 6th. Finally, Stifel Nicolaus cut shares of Leslie's from a "hold" rating to a "sell" rating and cut their price objective for the stock from $5.25 to $2.50 in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $3.96.

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.