() experienced a significant increase in short interest during the month of may. On May 31st there were 24,730,000 short shares. This is a 25.7% increase from the total of 19,680,000 on May 15th. The days-tocover ratio, based on an average daily volume of 3,220,000 share, is currently 7.7 days. At the moment, 14.7% shares are being shorted.
Institutional Investors Weigh In On Leslie's
Recently, hedge funds changed their stock holdings. Spire Wealth Management increased its position in Leslie's stock by 224.4% during the first quarter. Spire Wealth Management owns 2,530 of the company stock, valued at $28,000, after purchasing an additional 1,750 during the last quarter. Allworth Financial LP increased its holdings of Leslie's stock by 10,581.8% during the fourth quarter. Allworth Financial LP owns 2,350 of the company’s stock, valued at $29,000. This is after buying an additional 2,328 during the last quarter. Eagle Bay Advisors LLC purchased a new stake of Leslie's in the first quarter, valued at about $34,000. FMR LLC increased their holdings in Leslie's during the first quarter by 463.1%. FMR LLC owns 3,080 of the company stock, worth $34,000. This is after buying an additional 2,533 during the last quarter. Tower Research Capital LLC TRC increased its holdings of Leslie's stock by 113.5% during the third quarter. Trading on Friday saw a decline of $0.21, bringing the price to $10.04. The trading volume was 4,910,959 compared to the average of 2,865,040. Leslie's had a low of $9.02 in the past 12 months and a high of $17.13 during that time. The 50-day moving average is $10.43, and the two hundred-day moving average is $11.95. The company has a $1.85 billion market capitalization, a PEG of 3.80, and a PEG-to-earnings of 15.45.
The company last released its results on May 3rd. The company's ($0.15) per-share earnings for the third quarter fell short of analysts' expectations ($0.13), by just ($0.02). Revenue for the quarter was $212.84m, which is lower than analyst expectations of $221.36m. Leslie's reported a net profit margin of 7.65%, and a return on equity that was negative at 54.83%. Research analysts predict that Leslie's is expected to post 0.72 earnings for the current fiscal year.
Wall Street analysts weigh in
LESL was the subject of a few recent analyst reports. Robert W. Baird reduced their price target on Leslie's to $12.00 from $16.00 in a Thursday, April 27th report. Piper Sandler reduced their price target for shares of Leslie's in a report published on Wednesday, 26th April from $18.00 down to $16.00. Stifel Nicolaus reduced their price target on shares of Leslie's in a report published on Monday, May 8. Loop Capital upgraded shares of Leslie's to a "buy" rating in a report published on Thursday, April 6. Six analysts have given the stock a hold rating, and two others have given it a buy rating. According to MarketBeat data, Leslie's has a current consensus rating of "Hold" and a target price of $14.88,
Leslie's Company profile
Leslie's, Inc is a brand that sells pool and spa products directly to consumers in the United States. The company sells and markets pool and spa products and services. The company offers a variety of pool and spa products including chemicals, equipment, parts, cleaning, maintenance, and safety equipment. It also provides installation and repair services.
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