Alpha DNA Investment Management LLC acquired a new stake in Leslie’s, Inc. (NASDAQ:LESL) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 49,215 shares of the company’s stock, valued at approximately $1,352,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alliancebernstein L.P. raised its holdings in Leslie’s by 148.8% in the 2nd quarter. Alliancebernstein L.P. now owns 97,107 shares of the company’s stock valued at $2,669,000 after acquiring an additional 58,071 shares in the last quarter. Zweig DiMenna Associates LLC raised its holdings in Leslie’s by 16.2% in the 2nd quarter. Zweig DiMenna Associates LLC now owns 339,329 shares of the company’s stock valued at $9,328,000 after acquiring an additional 47,329 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Leslie’s by 164.5% in the 1st quarter. Bank of New York Mellon Corp now owns 243,463 shares of the company’s stock valued at $5,962,000 after acquiring an additional 151,416 shares in the last quarter. Frontier Capital Management Co. LLC acquired a new position in shares of Leslie’s during the 2nd quarter worth $53,655,000. Finally, New York State Common Retirement Fund raised its holdings in shares of Leslie’s by 88.9% during the 1st quarter. New York State Common Retirement Fund now owns 86,900 shares of the company’s stock worth $2,128,000 after buying an additional 40,900 shares in the last quarter. 90.13% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on LESL shares. Zacks Investment Research cut Leslie’s from a “buy” rating to a “hold” rating in a report on Thursday, August 12th. Berenberg Bank upgraded Leslie’s from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday. Loop Capital upgraded Leslie’s from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Friday, August 20th. Bank of America raised Leslie’s from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Friday, August 6th. They noted that the move was a valuation call. Finally, Wolfe Research reissued a “buy” rating and issued a $35.00 price objective on shares of Leslie’s in a research note on Thursday, August 5th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $32.00.
Leslie’s (NASDAQ:LESL) last posted its quarterly earnings results on Wednesday, August 4th. The company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.08. The company had revenue of $596.50 million during the quarter, compared to the consensus estimate of $571.81 million. During the same period in the previous year, the business earned $0.47 earnings per share. Leslie’s’s revenue was up 24.3% on a year-over-year basis. On average, research analysts forecast that Leslie’s, Inc. will post 0.74 earnings per share for the current year.
In other Leslie’s news, CRO Paula Baker sold 2,832 shares of the firm’s stock in a transaction dated Tuesday, June 29th. The stock was sold at an average price of $26.81, for a total transaction of $75,925.92. Following the sale, the executive now owns 151,171 shares in the company, valued at $4,052,894.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven M. Weddell sold 25,976 shares of the firm’s stock in a transaction dated Tuesday, June 29th. The shares were sold at an average price of $26.81, for a total value of $696,416.56. Following the sale, the insider now owns 1,386,377 shares in the company, valued at approximately $37,168,767.37. The disclosure for this sale can be found here. Insiders sold 857,357 shares of company stock valued at $22,985,741 over the last ninety days.
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, which primarily consist of maintenance items, such as chemicals, equipment and parts, and cleaning and maintenance equipment, as well as safety, recreational, and fitness-related products.
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