Leslie’s, Inc. (NASDAQ:LESL) Receives $2.65 Average Target Price from Analysts

Leslie’s, Inc. (NASDAQ:LESL) has been assigned a consensus rating of “Reduce” from the twelve research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $2.65.

LESL has been the subject of several research reports. Robert W. Baird set a $3.00 price target on Leslie’s in a report on Tuesday, February 4th. Mizuho reduced their target price on Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Monday, January 6th. William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. The Goldman Sachs Group dropped their price target on Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Finally, Morgan Stanley dropped their price target on Leslie’s from $3.00 to $1.50 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd.

Leslie’s Trading Down 6.3 %

Shares of LESL opened at $0.80 on Tuesday. Leslie’s has a 1-year low of $0.76 and a 1-year high of $7.70. The business’s 50-day moving average price is $1.57 and its 200 day moving average price is $2.30. The stock has a market capitalization of $147.89 million, a P/E ratio of -5.32 and a beta of 1.20.

Leslie’s (NASDAQ:LESL) last released its earnings results on Thursday, February 6th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). Leslie’s had a negative net margin of 2.13% and a negative return on equity of 6.11%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Ariel Investments LLC boosted its position in Leslie’s by 8.5% during the fourth quarter. Ariel Investments LLC now owns 50,527,789 shares of the company’s stock valued at $112,677,000 after purchasing an additional 3,975,268 shares during the last quarter. State Street Corp lifted its position in shares of Leslie’s by 7.7% in the third quarter. State Street Corp now owns 8,406,377 shares of the company’s stock valued at $26,564,000 after buying an additional 601,177 shares during the last quarter. Lind Value II ApS acquired a new stake in shares of Leslie’s in the fourth quarter valued at approximately $10,258,000. Geode Capital Management LLC boosted its stake in Leslie’s by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 4,226,600 shares of the company’s stock valued at $9,428,000 after purchasing an additional 91,898 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Leslie’s by 340.4% in the 4th quarter. Renaissance Technologies LLC now owns 3,436,095 shares of the company’s stock valued at $7,662,000 after purchasing an additional 2,655,795 shares during the period.

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.