Loop Capital Has Lowered Expectations for Leslie’s (NASDAQ:LESL) Stock Price

Leslie’s (NASDAQ:LESL) had its price objective decreased by Loop Capital from $4.00 to $1.00 in a research note published on Friday morning,Benzinga reports. Loop Capital currently has a hold rating on the stock.

Several other research firms have also issued reports on LESL. Morgan Stanley reduced their target price on Leslie’s from $3.00 to $1.50 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Stifel Nicolaus raised Leslie’s from a “sell” rating to a “hold” rating in a research report on Friday, April 25th. Guggenheim restated a “neutral” rating on shares of Leslie’s in a research note on Friday, February 7th. Telsey Advisory Group lowered their target price on Leslie’s from $3.00 to $1.25 and set a “market perform” rating on the stock in a research note on Friday. Finally, Robert W. Baird set a $3.00 price target on shares of Leslie’s in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $2.27.

Leslie’s Price Performance

NASDAQ LESL opened at $0.73 on Friday. The company has a fifty day moving average price of $0.72 and a 200-day moving average price of $1.71. The firm has a market cap of $135.72 million, a price-to-earnings ratio of -4.88 and a beta of 1.32. Leslie’s has a 1 year low of $0.51 and a 1 year high of $6.02.

Leslie’s (NASDAQ:LESL) last released its quarterly 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 return on equity of 6.11% and a negative net margin of 2.13%.

Hedge Funds Weigh In On Leslie’s

Large investors have recently modified their holdings of the business. Mariner LLC bought a new stake in shares of Leslie’s during the 4th quarter valued at $25,000. Ground Swell Capital LLC purchased a new stake in Leslie’s in the 4th quarter worth approximately $32,000. Cibc World Markets Corp bought a new position in shares of Leslie’s in the fourth quarter worth $38,000. Two Sigma Advisers LP bought a new stake in Leslie’s during the fourth quarter valued at $39,000. Finally, Gitterman Wealth Management LLC purchased a new position in Leslie’s during the fourth quarter worth about $41,000.

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.