Leslie’s (NASDAQ:LESL) Stock Price Down 3%

Leslie’s, Inc. (NASDAQ:LESL)’s share price traded down 3% during trading on Monday . The company traded as low as $3.56 and last traded at $3.57. 573,728 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 3,644,378 shares. The stock had previously closed at $3.68.

Analyst Ratings Changes

LESL has been the subject of a number of recent analyst reports. Mizuho decreased their target price on Leslie’s from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Jefferies Financial Group cut their target price on Leslie’s from $5.00 to $4.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 target price on shares of Leslie’s in a research note on Thursday, May 9th. Ten research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.92.

Leslie’s Trading Up 4.0 %

The company has a 50-day moving average price of $4.73 and a 200 day moving average price of $5.92. The stock has a market capitalization of $624.42 million, a P/E ratio of 42.25, a price-to-earnings-growth ratio of 0.48 and a beta of 1.16.

Leslie’s (NASDAQ:LESL) last issued its earnings results on Wednesday, May 8th. The company reported ($0.18) EPS for the quarter, hitting analysts’ consensus estimates of ($0.18). The firm had revenue of $188.66 million for the quarter, compared to the consensus estimate of $202.69 million. Leslie’s had a negative return on equity of 12.55% and a net margin of 1.06%. As a group, research analysts expect that Leslie’s, Inc. will post 0.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of LESL. Vanguard Group Inc. boosted its holdings in Leslie’s by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 19,116,849 shares of the company’s stock valued at $132,097,000 after purchasing an additional 492,416 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Leslie’s by 2.2% during the 1st quarter. Janus Henderson Group PLC now owns 7,320,338 shares of the company’s stock worth $47,581,000 after acquiring an additional 156,938 shares in the last quarter. DAVENPORT & Co LLC raised its position in shares of Leslie’s by 12.4% during the 1st quarter. DAVENPORT & Co LLC now owns 4,519,246 shares of the company’s stock worth $29,375,000 after purchasing an additional 500,292 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Leslie’s by 18.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,633,997 shares of the company’s stock worth $18,201,000 after purchasing an additional 404,635 shares during the last quarter. Finally, Natixis Advisors L.P. raised its holdings in Leslie’s by 136.6% in the 4th quarter. Natixis Advisors L.P. now owns 2,230,959 shares of the company’s stock valued at $15,415,000 after acquiring an additional 1,288,013 shares during the last quarter.

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.