Leslie’s, Inc. (NASDAQ:LESL) Receives $1.60 Average Target Price from Brokerages

Shares of Leslie’s, Inc. (NASDAQ:LESL) have earned a consensus rating of “Reduce” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and nine have given a hold rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $1.60.

LESL has been the subject of a number of recent analyst reports. Mizuho dropped their price objective on Leslie’s from $3.00 to $1.00 and set a “neutral” rating for the company in a report on Thursday, July 3rd. Wall Street Zen upgraded Leslie’s to a “sell” rating in a report on Saturday, July 26th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $0.35 target price on shares of Leslie’s in a report on Friday, August 22nd.

Institutional Investors Weigh In On Leslie’s

Several hedge funds have recently made changes to their positions in the company. Scopia Capital Management LP purchased a new stake in shares of Leslie’s in the 2nd quarter worth $41,000. Man Group plc lifted its holdings in shares of Leslie’s by 87.1% in the 2nd quarter. Man Group plc now owns 1,016,078 shares of the company’s stock worth $427,000 after buying an additional 473,148 shares during the period. Engineers Gate Manager LP lifted its holdings in shares of Leslie’s by 309.7% in the 2nd quarter. Engineers Gate Manager LP now owns 61,474 shares of the company’s stock worth $26,000 after buying an additional 46,468 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Leslie’s by 2,643.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 407,913 shares of the company’s stock worth $171,000 after buying an additional 393,043 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of Leslie’s by 61.3% in the 2nd quarter. Jane Street Group LLC now owns 3,570,476 shares of the company’s stock worth $1,499,000 after buying an additional 1,356,700 shares during the period.

Leslie’s Stock Up 0.3%

LESL opened at $0.34 on Tuesday. The business has a fifty day moving average of $0.38 and a 200 day moving average of $0.60. Leslie’s has a 52-week low of $0.27 and a 52-week high of $3.63. The stock has a market cap of $62.18 million, a P/E ratio of -0.74 and a beta of 1.27.

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.