Leslie’s (NASDAQ:LESL) Price Target Cut to $1.55 by Analysts at Stifel Nicolaus

Leslie’s (NASDAQ:LESL) had its price objective cut by Stifel Nicolaus from $1.90 to $1.55 in a report released on Friday morning,Benzinga reports. They currently have a sell rating on the stock.

Several other research analysts have also commented on LESL. Mizuho cut 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 Monday, January 6th. William Blair reiterated a “market perform” rating on shares of Leslie’s in a research note on Tuesday, November 26th. Telsey Advisory Group lowered their price objective on shares of Leslie’s from $3.75 to $3.00 and set a “market perform” rating on the stock in a research report on Friday. Finally, Robert W. Baird reduced their target price on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $3.28.

Leslie’s Price Performance

NASDAQ LESL opened at $1.64 on Friday. The firm’s fifty day moving average price is $2.22 and its 200 day moving average price is $2.66. Leslie’s has a 12 month low of $1.63 and a 12 month high of $8.21. The company has a market capitalization of $303.74 million, a price-to-earnings ratio of -10.93 and a beta of 1.10.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings data 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%. As a group, sell-side analysts forecast that Leslie’s will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC purchased a new position in shares of Leslie’s in the 2nd quarter valued at about $212,000. The Manufacturers Life Insurance Company grew its position in Leslie’s by 6.3% during the second quarter. The Manufacturers Life Insurance Company now owns 81,345 shares of the company’s stock worth $341,000 after buying an additional 4,798 shares during the period. Sanctuary Advisors LLC purchased a new position in Leslie’s in the second quarter valued at about $244,000. Perpetual Ltd acquired a new position in Leslie’s during the third quarter worth $1,787,000. Finally, Exchange Traded Concepts LLC purchased a new stake in Leslie’s during the third quarter worth $321,000.

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.