Leslie’s, Inc. (NASDAQ:LESL) Receives Consensus Rating of “Reduce” from Brokerages

Leslie’s, Inc. (NASDAQ:LESL) has been assigned an average rating of “Reduce” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and ten have assigned a hold recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $2.65.

A number of research analysts have commented on LESL shares. William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $3.00 price target on shares of Leslie’s in a research report on Tuesday, March 18th. Mizuho lowered their price target on Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Robert W. Baird set a $3.00 price target on Leslie’s in a research report on Tuesday, February 4th. Finally, Bank of America downgraded Leslie’s from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $2.65 to $1.40 in a report on Tuesday, February 18th.

Leslie’s Trading Down 1.8 %

LESL opened at $0.78 on Tuesday. The company has a market cap of $145.18 million, a P/E ratio of -5.23 and a beta of 1.20. The business’s 50-day moving average price is $1.54 and its 200-day moving average price is $2.28. Leslie’s has a 12 month low of $0.75 and a 12 month high of $7.32.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). Leslie’s had a negative net margin of 2.13% and a negative return on equity of 6.11%.

Hedge Funds Weigh In On Leslie’s

Several hedge funds and other institutional investors have recently modified their holdings of LESL. GSA Capital Partners LLP bought a new position in shares of Leslie’s during the 3rd quarter valued at $98,000. Aigen Investment Management LP bought a new position in shares of Leslie’s during the 3rd quarter valued at $92,000. Intech Investment Management LLC bought a new position in shares of Leslie’s during the 3rd quarter valued at $144,000. Integrated Investment Consultants LLC lifted its holdings in shares of Leslie’s by 36.1% during the 3rd quarter. Integrated Investment Consultants LLC now owns 21,500 shares of the company’s stock valued at $68,000 after buying an additional 5,700 shares during the period. Finally, Algert Global LLC lifted its holdings in shares of Leslie’s by 971.5% during the 3rd quarter. Algert Global LLC now owns 188,840 shares of the company’s stock valued at $597,000 after buying an additional 171,216 shares during the period.

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.