Jump Financial LLC Increases Stake in Leslie’s, by 79.8% in Q1
August 14, 2023
🌥️Trending News
Jump Financial LLC recently announced its increased ownership of Leslie’s ($NASDAQ:LESL), Inc. stock in its most recent Form 13F filing with the Securities and Exchange Commission. According to the filing, Jump Financial LLC now holds 79.8% of Leslie’s, Inc. stock. This is a substantial increase from its previous stake, and demonstrates the confidence Jump Financial LLC has in the company and its future prospects. The news of Jump Financial LLC’s increased ownership of Leslie’s, Inc. is a positive sign for the company’s stock.
Investors will likely be encouraged by the news, as it shows that a major investor has faith in the company’s ability to perform. This could lead to further increases in the stock price in the future as more investors get on board.
Analysis
At GoodWhale, we analyze businesses and investments to give investors insight into the financial and business health of a company. We recently completed an assessment of LESLIE’S wellbeing and our Risk Rating puts it at medium risk. GoodWhale also detected two risk warnings in LESLIE’S balance sheet and financial journal when conducting our assessment. These warnings provide more insight into the company’s finances and can help investors make well-informed decisions. To get the full details of our analysis, register with us and access our comprehensive reports. We look forward to helping you understand the risks of investing in LESLIE’S. Our team is available to answer any questions you may have about our assessment and reports. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Leslie’s. More…
| Total Revenues | Net Income | Net Margin |
| 1.49k | 68.69 | 4.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Leslie’s. More…
| Operations | Investing | Financing |
| -80.83 | -113.7 | 20.82 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Leslie’s. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.14k | 1.32k | -0.98 |
Key Ratios Snapshot
Some of the financial key ratios for Leslie’s are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.2% | 2.2% | 9.8% |
| FCF Margin | ROE | ROA |
| -7.6% | -42.2% | 8.1% |
Peers
Leslie’s is the world’s largest retailer of swimming pool supplies. Headquartered in Phoenix, Arizona, the company operates over 900 retail stores in the United States and Canada. Leslie’s also operates an e-commerce website and direct mail catalog business. The company was founded in 1963 by brothers John and Bill Leslie. Pool Corp is the world’s largest wholesale distributor of swimming pool supplies and equipment. Headquartered in Covington, Louisiana, the company operates over 360 distribution centers in North America, Europe, South America, and Australia. Pool Corp was founded in 1993. Tandem Group PLC is a leading designer, manufacturer, and distributor of swimming pool and spa products. Headquartered in the United Kingdom, the company operates in over 30 countries worldwide. Tandem Group PLC was founded in 1981. Real American Capital Corp is a leading provider of financing solutions for the swimming pool and spa industry. Headquartered in Boca Raton, Florida, the company operates in the United States, Canada, and Europe. Real American Capital Corp was founded in 2008.
– Pool Corp ($NASDAQ:POOL)
Pentair plc, through its subsidiaries, provides water and fluid solutions worldwide. The company operates in two segments, Industrial and Residential & Commercial. The Industrial segment offers a range of products and services that meet the needs of customers in the water and fluid solutions industry, including filtration, separation, fluid control, fluid movement, fluid management, and heat transfer. The Residential & Commercial segment provides products and services that meet the needs of customers in the residential and commercial water markets. Pentair plc was founded in 1966 and is headquartered in London, the United Kingdom.
– Tandem Group PLC ($LSE:TND)
The Tandem Group plc is a holding company that engages in the design, development, manufacture, and distribution of bicycles and bicycle products under the Raleigh, Diamondback, and Redline brands. The company operates through two segments, Bicycles and Accessories, and Pools. The Bicycles and Accessories segment offers bicycles, bicycle parts, and bicycle accessories. The Pools segment provides above-ground and in-ground swimming pools, related equipment, and chemicals. The company was founded in 1887 and is headquartered in Kent, the United Kingdom.
Summary
This signals a strong outlook for the company, despite facing challenges due to the pandemic. Analysts believe that the company’s strong fundamentals, diverse portfolio of swimming pool and spa products, and strategic partnerships with leading pool service providers are key drivers of its success. Further, Leslie’s has made significant investments in technology, such as an online ordering system and full-scale mobile application, that have enabled them to differentiate their customer experience and remain competitive in the market.
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