Leslie’s, Inc. (NASDAQ:LESL) Receives $3.61 Consensus PT from Analysts

Leslie’s, Inc. (NASDAQ:LESL) has been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $3.61.

A number of brokerages recently weighed in on LESL. Telsey Advisory Group lowered their target price on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating on the stock in a report on Tuesday, November 26th. Robert W. Baird lowered their target price on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. Finally, William Blair restated a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th.

Leslie’s Stock Down 1.9 %

NASDAQ LESL opened at $2.60 on Friday. Leslie’s has a 12-month low of $2.20 and a 12-month high of $8.21. The company has a market capitalization of $480.92 million, a PE ratio of -21.67 and a beta of 1.12. The firm’s 50 day moving average is $2.76 and its 200-day moving average is $3.29.

Leslie’s (NASDAQ:LESL) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $397.90 million during the quarter, compared to analyst estimates of $405.19 million. During the same quarter last year, the business earned $0.14 earnings per share. Leslie’s’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, sell-side analysts expect that Leslie’s will post 0.12 EPS for the current year.

Hedge Funds Weigh In On Leslie’s

Several institutional investors and hedge funds have recently modified their holdings of LESL. Ariel Investments LLC increased its holdings in shares of Leslie’s by 46.5% in the second quarter. Ariel Investments LLC now owns 36,601,368 shares of the company’s stock valued at $153,360,000 after purchasing an additional 11,618,490 shares during the last quarter. Private Management Group Inc. increased its holdings in shares of Leslie’s by 121.3% in the third quarter. Private Management Group Inc. now owns 5,569,278 shares of the company’s stock valued at $17,599,000 after purchasing an additional 3,052,539 shares during the last quarter. Weiss Asset Management LP acquired a new position in shares of Leslie’s in the third quarter valued at $6,470,000. Squarepoint Ops LLC increased its holdings in shares of Leslie’s by 1,300.5% in the second quarter. Squarepoint Ops LLC now owns 1,187,916 shares of the company’s stock valued at $4,977,000 after purchasing an additional 1,103,096 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Leslie’s by 477.4% in the second quarter. Marshall Wace LLP now owns 1,110,404 shares of the company’s stock valued at $4,653,000 after acquiring an additional 918,084 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.