Leslie’s, Inc. (NASDAQ:LESL) Given Average Rating of “Hold” by Brokerages

Leslie’s, Inc. (NASDAQ:LESL) has received a consensus rating of “Hold” from the nine analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $3.61.

A number of equities analysts have issued reports on LESL shares. Robert W. Baird lowered their target price on Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, November 26th. William Blair reiterated a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. Finally, Telsey Advisory Group dropped their target price on Leslie’s from $4.00 to $3.75 and set a “market perform” rating on the stock in a research report on Tuesday, November 26th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC bought a new stake in shares of Leslie’s during the 2nd quarter worth approximately $26,000. TD Asset Management Inc acquired a new stake in Leslie’s in the second quarter valued at $645,000. Los Angeles Capital Management LLC bought a new position in shares of Leslie’s in the 2nd quarter valued at about $57,000. Private Management Group Inc. increased its stake in shares of Leslie’s by 93.8% during the 2nd quarter. Private Management Group Inc. now owns 2,516,739 shares of the company’s stock worth $10,545,000 after purchasing an additional 1,218,047 shares during the last quarter. Finally, Federated Hermes Inc. bought a new stake in shares of Leslie’s in the 2nd quarter valued at about $464,000.

Leslie’s Stock Performance

NASDAQ LESL opened at $2.23 on Thursday. The stock has a market cap of $412.48 million, a price-to-earnings ratio of -18.58 and a beta of 1.12. The business has a 50 day simple moving average of $2.62 and a 200 day simple moving average of $2.97. Leslie’s has a 52-week low of $2.02 and a 52-week high of $8.21.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings results on Monday, November 25th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.09). Leslie’s had a negative net margin of 1.76% and a negative return on equity of 6.11%. The company had revenue of $397.90 million during the quarter, compared to analyst estimates of $405.19 million. During the same quarter last year, the company earned $0.14 EPS. The firm’s quarterly revenue was down 8.0% compared to the same quarter last year. On average, analysts predict that Leslie’s will post 0.08 EPS for the current year.

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.