65,691 Shares in Leslie’s, Inc. (NASDAQ:LESL) Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. acquired a new position in Leslie’s, Inc. (NASDAQ:LESL) during the third quarter, HoldingsChannel.com reports. The fund acquired 65,691 shares of the company’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ariel Investments LLC increased its holdings in Leslie’s by 46.5% in the second quarter. Ariel Investments LLC now owns 36,601,368 shares of the company’s stock worth $153,360,000 after purchasing an additional 11,618,490 shares in the last quarter. Private Management Group Inc. increased its holdings in Leslie’s by 121.3% in the third quarter. Private Management Group Inc. now owns 5,569,278 shares of the company’s stock worth $17,599,000 after purchasing an additional 3,052,539 shares in the last quarter. Squarepoint Ops LLC increased its holdings in Leslie’s by 1,300.5% in the second quarter. Squarepoint Ops LLC now owns 1,187,916 shares of the company’s stock worth $4,977,000 after purchasing an additional 1,103,096 shares in the last quarter. Marshall Wace LLP increased its holdings in Leslie’s by 477.4% in the second quarter. Marshall Wace LLP now owns 1,110,404 shares of the company’s stock worth $4,653,000 after purchasing an additional 918,084 shares in the last quarter. Finally, Perpetual Ltd bought a new stake in Leslie’s in the third quarter worth approximately $1,787,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. William Blair reiterated a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. Telsey Advisory Group decreased their price objective on Leslie’s from $4.00 to $3.75 and set a “market perform” rating for the company in a report on Tuesday, November 26th. Finally, Robert W. Baird decreased 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Leslie’s presently has a consensus rating of “Hold” and an average price target of $3.61.

Leslie’s Trading Down 0.4 %

Shares of Leslie’s stock opened at $2.40 on Thursday. The stock has a fifty day simple moving average of $2.80 and a 200 day simple moving average of $3.38. Leslie’s, Inc. has a 12-month low of $2.24 and a 12-month high of $8.21. The company has a market capitalization of $443.93 million, a P/E ratio of -20.17 and a beta of 1.12.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings results on Monday, November 25th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.09). Leslie’s had a negative return on equity of 6.11% and a negative net margin of 1.76%. The company had revenue of $397.90 million for the quarter, compared to the consensus estimate of $405.19 million. During the same quarter last year, the company posted $0.14 EPS. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. On average, analysts predict that Leslie’s, Inc. will post 0.14 EPS for the current 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.