State Street Corp Has $26.56 Million Position in Leslie's, Inc. (NASDAQ:LESL)

State Street Corp lifted its stake in Leslie's, Inc. (NASDAQ:LESL - Free Report) by 7.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,406,377 shares of the company's stock after purchasing an additional 601,177 shares during the quarter. State Street Corp owned 4.55% of Leslie's worth $26,564,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Ariel Investments LLC lifted its stake in Leslie's by 46.5% during 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 3rd quarter. Private Management Group Inc. now owns 5,569,278 shares of the company's stock valued at $17,599,000 after acquiring an additional 3,052,539 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Leslie's by 13.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,877,390 shares of the company's stock worth $9,093,000 after purchasing an additional 345,064 shares during the period. Raymond James & Associates grew its position in Leslie's by 24.3% during the 2nd quarter. Raymond James & Associates now owns 2,096,631 shares of the company's stock worth $8,785,000 after purchasing an additional 410,128 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Leslie's by 5.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,732,514 shares of the company's stock valued at $7,259,000 after purchasing an additional 89,455 shares during the period.

Leslie's Stock Performance

Shares of Leslie's stock traded up $0.02 during trading on Monday, hitting $2.18. 5,130,611 shares of the stock traded hands, compared to its average volume of 4,596,220. The stock has a market cap of $403.23 million, a P/E ratio of -18.17 and a beta of 1.12. The company has a fifty day moving average price of $2.69 and a two-hundred day moving average price of $3.11. Leslie's, Inc. has a twelve month low of $2.02 and a twelve month high of $8.21.

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

Analysts Set New Price Targets

Several analysts have recently commented on the company. Telsey Advisory Group decreased their target price on 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. William Blair restated a "market perform" rating on shares of Leslie's in a research report on Tuesday, November 26th. Finally, Robert W. Baird dropped their target price on Leslie's from $4.00 to $3.50 and set a "neutral" rating on the stock in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned 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 target price of $3.61.

About Leslie's

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.