Leslie’s (NASDAQ:LESL) Given New $3.00 Price Target at The Goldman Sachs Group

Leslie’s (NASDAQ:LESL) had its target price decreased by equities researchers at The Goldman Sachs Group from $4.00 to $3.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 81.27% from the company’s current price.

A number of other brokerages have also recently issued reports on LESL. Robert W. Baird reduced 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, November 26th. William Blair reiterated a “market perform” rating on shares of Leslie’s in a research note on Tuesday, November 26th. Mizuho lowered their price objective on Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Telsey Advisory Group decreased their target price on Leslie’s from $3.75 to $3.00 and set a “market perform” rating on the stock in a research note on Friday. Finally, Guggenheim restated a “neutral” rating on shares of Leslie’s in a research note on Friday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.24.

Leslie’s Trading Up 3.1 %

NASDAQ LESL traded up $0.05 during trading hours on Tuesday, hitting $1.66. 1,370,658 shares of the company’s stock traded hands, compared to its average volume of 5,627,792. Leslie’s has a 52 week low of $1.56 and a 52 week high of $8.21. The firm has a market capitalization of $306.52 million, a P/E ratio of -11.03 and a beta of 1.10. The business’s fifty day moving average price is $2.21 and its two-hundred day moving average price is $2.64.

Leslie’s (NASDAQ:LESL) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.02). Leslie’s had a negative return on equity of 6.11% and a negative net margin of 2.13%. On average, sell-side analysts expect that Leslie’s will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new stake in Leslie’s during the third quarter valued at $32,000. Blue Trust Inc. increased its holdings in shares of Leslie’s by 1,089.6% in the 3rd quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock worth $35,000 after buying an additional 10,144 shares during the last quarter. Cibc World Markets Corp purchased a new stake in shares of Leslie’s during the 4th quarter valued at about $38,000. Gitterman Wealth Management LLC bought a new position in shares of Leslie’s in the 4th quarter valued at about $41,000. Finally, PNC Financial Services Group Inc. grew its position in Leslie’s by 92.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 21,588 shares of the company’s stock worth $48,000 after acquiring an additional 10,396 shares in the last quarter.

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.