Mizuho Issues Pessimistic Forecast for Leslie’s (NASDAQ:LESL) Stock Price

Leslie’s (NASDAQ:LESL) had its target price decreased by Mizuho from $4.00 to $3.00 in a report released on Monday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.

LESL has been the topic of a number of other research reports. Robert W. Baird lowered their target price on Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. Telsey Advisory Group lowered their price target on Leslie’s from $4.00 to $3.75 and set a “market perform” rating for the company in a research note on Tuesday, November 26th. Finally, William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $3.49.

Leslie’s Price Performance

NASDAQ LESL opened at $2.29 on Monday. The firm has a market capitalization of $423.58 million, a price-to-earnings ratio of -19.08 and a beta of 1.11. The company has a 50 day simple moving average of $2.57 and a 200-day simple moving average of $2.91. Leslie’s has a 52-week low of $2.02 and a 52-week high of $8.21.

Leslie’s (NASDAQ:LESL) last released its earnings results on Monday, November 25th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). Leslie’s had a negative return on equity of 6.11% and a negative net margin of 1.76%. The company had revenue of $397.90 million during the quarter, compared to analysts’ expectations of $405.19 million. During the same quarter in the previous year, the company earned $0.14 EPS. The firm’s quarterly revenue was down 8.0% compared to the same quarter last year. On average, analysts predict that Leslie’s will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Leslie’s

Institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its stake in Leslie’s by 6.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 81,345 shares of the company’s stock valued at $341,000 after buying an additional 4,798 shares during the last quarter. Integrated Investment Consultants LLC boosted its holdings in Leslie’s by 36.1% during the third quarter. Integrated Investment Consultants LLC now owns 21,500 shares of the company’s stock valued at $68,000 after acquiring an additional 5,700 shares during the period. IHT Wealth Management LLC grew its position in shares of Leslie’s by 52.6% in the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock valued at $51,000 after purchasing an additional 5,776 shares during the last quarter. Dark Forest Capital Management LP increased its stake in shares of Leslie’s by 54.2% in the second quarter. Dark Forest Capital Management LP now owns 21,776 shares of the company’s stock worth $91,000 after purchasing an additional 7,650 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Leslie’s by 1,089.6% during the 3rd quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock worth $35,000 after purchasing an additional 10,144 shares during the last quarter.

Leslie’s Company Profile

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.