Leslie’s (NASDAQ:LESL) Receives “Market Perform” Rating from William Blair

Leslie’s (NASDAQ:LESL)‘s stock had its “market perform” rating reiterated by analysts at William Blair in a research report issued on Tuesday,RTT News reports.

Several other brokerages have also issued reports on LESL. Robert W. Baird decreased their price target on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Tuesday. Telsey Advisory Group reduced their price objective on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating for the company in a research note on Tuesday. Finally, Mizuho reduced their price objective on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $3.89.

Leslie’s Stock Performance

Shares of Leslie’s stock traded down $1.09 during trading on Tuesday, hitting $2.42. The company’s stock had a trading volume of 11,997,538 shares, compared to its average volume of 4,320,253. The company has a fifty day simple moving average of $2.86 and a two-hundred day simple moving average of $3.50. The company has a market capitalization of $447.48 million, a PE ratio of 121.00, a P/E/G ratio of 2.16 and a beta of 1.19. Leslie’s has a 52 week low of $2.41 and a 52 week high of $8.21.

Institutional Investors Weigh In On Leslie’s

Several large investors have recently bought and sold shares of the business. Ariel Investments LLC increased its position in Leslie’s by 46.5% during the second quarter. Ariel Investments LLC now owns 36,601,368 shares of the company’s stock valued at $153,360,000 after acquiring an additional 11,618,490 shares during the last quarter. State Street Corp raised its holdings in Leslie’s by 7.7% in the third quarter. State Street Corp now owns 8,406,377 shares of the company’s stock worth $26,564,000 after purchasing an additional 601,177 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Leslie’s by 2.2% in the first quarter. Janus Henderson Group PLC now owns 7,320,338 shares of the company’s stock worth $47,581,000 after purchasing an additional 156,938 shares in the last quarter. Private Management Group Inc. raised its holdings in Leslie’s by 121.3% in the third quarter. Private Management Group Inc. now owns 5,569,278 shares of the company’s stock worth $17,599,000 after purchasing an additional 3,052,539 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Leslie’s by 13.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,877,390 shares of the company’s stock valued at $9,093,000 after acquiring an additional 345,064 shares in the last quarter.

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.