The firm now owns just over 63k shares valued at approximately $1.24m as a result. HighTower Advisors also took advantage of Leslie’s performance earlier this year by raising its position by a significant amount – up to 21.7%. Meanwhile, Bank of New York Mellon Corp raised its position by 3.7%, purchasing an additional 49,572 shares during the same time frame at a value of $27m. are among those who have changed their position with Leslie’s within the past quarter.Īdvisor Group Holdings increased its position by 4.2% during the first quarter, bringing its total shares to 16,548 worth $369k after buying an additional 674 shares during the period. Advisor Group Holdings Inc., Bank of New York Mellon Corp, HighTower Advisors LLC, Private Advisor Group LLC, and Citigroup Inc. This news has come about as several hedge funds have recently modified their holdings of LESL. Telsey now anticipates that the company will post earnings per share of $0.73 for the year, down from their prior forecast of $0.76. Investment analysts at Telsey Advisory Group have decreased their FY2023 earnings per share (EPS) estimates for Leslie’s in a research report issued on Friday, April 28th. Leslie’s, Inc., a leading provider of pool and spa supplies and equipment, has experienced some ups and downs lately in terms of its stock performance. Faces Stock Volatility as Investment Analysts Lower Earnings Forecast for FY2023 With such industry-specific products which continue gaining popularity among clientele wishing to extend their lavish lifestyles into their outdoor surroundings ocean-adjacent society like ours may prove especially receptive given local climate conditions such that we anticipate America’s love for leisure time in the sun achieving new peaks going forward. Regarding earnings performance in the last quarter (released February 2nd), the company missed forecasts, reporting ($0.15) EPS versus an estimated ($0.14) by one cent per share with revenue reaching $195.10 million instead of analyst expectations for $178.82 million.ĭespite mixed signals from analysts over the short term prospects for investors involving this particular pool care business, it is impressive to note Leslie’s operations span an array of offerings covering equipment parts and installation/repair services in addition to chemicals like those for water maintenance along with cleaning supplies, safety features such as fencing systems as well as items to promote fitness activitiesĬonsidering that pools and spas are considered major investments among homeowners who often expend great energy on outdoor activities particularly during various seasons thus presenting decent grounds upon which consumers may shell out extra cashĬompanies that can successfully provide excellent after-sales support services will remain poised for substantial success overtimeĭespite inevitable downswings that may happen occasionally. While analysts have recently signaled mixed opinions about Leslie’s future outlook, Bloomberg data shows that the company presently holds a consensus rating of “Hold,” with six equity research analysts issuing “hold” ratings for the stock and two issuing “buy” ratings. With a one-year low of $10.12 and high of $20.48, Leslie’s also maintains its 50-day and 200-day simple moving averages at ($11.46) and ($12.99), respectively. The direct-to-consumer pool and spa care brand boasts a market cap of $1.99 billion with a P/E ratio of 13.91, a PEG ratio of 2.99 and a beta of 0.81. As of Monday, May 1st, shares of Leslie’s (NASDAQ:LESL) opened at $10.85.

Leslies pool