Leslie’s, Inc. (NASDAQ:LESL) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. lowered its stake in shares of Leslie’s, Inc. (NASDAQ:LESL) by 63.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,945 shares of the company’s stock after selling 61,905 shares during the quarter. Raymond James Trust N.A.’s holdings in Leslie’s were worth $110,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Ariel Investments LLC increased its stake in Leslie’s by 46.5% during the 2nd quarter. Ariel Investments LLC now owns 36,601,368 shares of the company’s stock valued at $153,360,000 after purchasing an additional 11,618,490 shares in the last quarter. Private Management Group Inc. increased 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 during the period. Squarepoint Ops LLC raised its stake in Leslie’s by 1,300.5% in the 2nd quarter. Squarepoint Ops LLC now owns 1,187,916 shares of the company’s stock worth $4,977,000 after acquiring an additional 1,103,096 shares during the last quarter. Marshall Wace LLP lifted its position in Leslie’s by 477.4% during the 2nd quarter. Marshall Wace LLP now owns 1,110,404 shares of the company’s stock worth $4,653,000 after acquiring an additional 918,084 shares during the period. Finally, Perpetual Ltd purchased a new stake in Leslie’s during the 3rd quarter valued at about $1,787,000.

Wall Street Analysts Forecast Growth

LESL has been the subject of several research analyst reports. Mizuho reduced their price objective on Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Robert W. Baird decreased their price objective on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Tuesday. Telsey Advisory Group cut their price objective on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating on the stock in a research note on Tuesday. Finally, William Blair restated a “market perform” rating on shares of Leslie’s in a research report on Tuesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Leslie’s currently has a consensus rating of “Hold” and an average price target of $3.89.

Leslie’s Stock Performance

Shares of Leslie’s stock opened at $2.48 on Friday. The firm has a 50-day simple moving average of $2.85 and a two-hundred day simple moving average of $3.47. Leslie’s, Inc. has a fifty-two week low of $2.31 and a fifty-two week high of $8.21. The company has a market cap of $458.58 million, a P/E ratio of -20.67, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19.

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.