State of New Jersey Common Pension Fund D Raises Stock Position in Leslie’s, Inc. (NASDAQ:LESL)
State of New Jersey Common Pension Fund D lifted its stake in shares of Leslie’s, Inc. (NASDAQ:LESL – Free Report) by 18.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 178,577 shares of the company’s stock after buying an additional 27,519 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.10% of Leslie’s worth $1,966,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Leslie’s by 19.6% during the third quarter. Vanguard Group Inc. now owns 14,441,575 shares of the company’s stock worth $212,435,000 after buying an additional 2,367,168 shares in the last quarter. Capital Research Global Investors boosted its holdings in Leslie’s by 106.3% in the first quarter. Capital Research Global Investors now owns 7,009,446 shares of the company’s stock valued at $135,703,000 after purchasing an additional 3,612,422 shares in the last quarter. BlackRock Inc. boosted its holdings in Leslie’s by 5.2% in the first quarter. BlackRock Inc. now owns 6,516,114 shares of the company’s stock valued at $126,151,000 after purchasing an additional 323,662 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Leslie’s by 19.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,272,053 shares of the company’s stock valued at $69,055,000 after purchasing an additional 1,042,635 shares in the last quarter. Finally, River Road Asset Management LLC boosted its holdings in Leslie’s by 80.8% in the fourth quarter. River Road Asset Management LLC now owns 4,881,719 shares of the company’s stock valued at $59,606,000 after purchasing an additional 2,180,979 shares in the last quarter.
Leslie’s Stock Performance
Leslie’s stock opened at $5.39 on Friday. The firm has a market capitalization of $990.91 million, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 3.23 and a beta of 0.80. Leslie’s, Inc. has a fifty-two week low of $5.28 and a fifty-two week high of $17.13. The stock’s fifty day moving average is $9.38 and its two-hundred day moving average is $11.28.
Leslie’s (NASDAQ:LESL – Get Free Report) last posted its earnings results on Wednesday, May 3rd. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The firm had revenue of $212.84 million during the quarter, compared to analyst estimates of $221.36 million. Leslie’s had a net margin of 7.65% and a negative return on equity of 54.83%. As a group, sell-side analysts forecast that Leslie’s, Inc. will post 0.45 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on LESL. Robert W. Baird lowered their price target on Leslie’s from $12.00 to $7.00 in a report on Friday, July 14th. Guggenheim downgraded Leslie’s from a “buy” rating to a “neutral” rating in a report on Friday, July 14th. William Blair downgraded Leslie’s from an “outperform” rating to a “market perform” rating in a report on Friday, July 14th. Morgan Stanley decreased their price objective on Leslie’s from $13.00 to $8.00 and set an “equal weight” rating for the company in a report on Friday, July 14th. Finally, Telsey Advisory Group decreased their price objective on Leslie’s from $11.00 to $8.50 and set a “market perform” rating for the company in a report on Friday, July 14th. Eleven equities research analysts have rated the stock with a hold rating, According to MarketBeat, Leslie’s currently has a consensus rating of “Hold” and a consensus price target of $7.94.
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 offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products, as well as installation and repair services for pool and spa equipment.
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