Leslie’s, Inc. (NASDAQ:LESL) Receives $2.83 Average Target Price from Analysts

Shares of Leslie’s, Inc. (NASDAQ:LESL) have been assigned a consensus recommendation of “Reduce” from the eleven research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $2.77.

A number of research firms recently weighed in on LESL. Guggenheim restated a “neutral” rating on shares of Leslie’s in a research note on Friday, February 7th. Bank of America cut shares of Leslie’s from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $2.65 to $1.40 in a research note on Tuesday, February 18th. Robert W. Baird set a $3.00 price objective on shares of Leslie’s in a report on Tuesday, February 4th. Telsey Advisory Group dropped their target price on shares of Leslie’s from $3.75 to $3.00 and set a “market perform” rating for the company in a report on Friday, February 7th. Finally, The Goldman Sachs Group decreased their price target on Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th.

Institutional Trading of Leslie’s

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. RBF Capital LLC acquired a new stake in shares of Leslie’s during the 3rd quarter worth about $1,587,000. Lind Value II ApS acquired a new stake in Leslie’s during the fourth quarter worth approximately $10,258,000. Point72 Asset Management L.P. acquired a new stake in Leslie’s during the third quarter worth approximately $1,702,000. JPMorgan Chase & Co. grew its stake in Leslie’s by 142.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 586,926 shares of the company’s stock worth $1,855,000 after acquiring an additional 344,873 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Leslie’s by 13.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,877,390 shares of the company’s stock valued at $9,093,000 after acquiring an additional 345,064 shares during the last quarter.

Leslie’s Stock Performance

Shares of LESL opened at $1.42 on Friday. The stock has a market capitalization of $263.03 million, a P/E ratio of -9.47 and a beta of 1.10. Leslie’s has a 1 year low of $1.40 and a 1 year high of $8.05. The company’s fifty day moving average is $2.05 and its two-hundred day moving average is $2.56.

Leslie’s (NASDAQ:LESL) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.23) earnings per share (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%.

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.