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

Leslie’s, Inc. (NASDAQ:LESL) has been assigned a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $3.96.

Several analysts have commented on LESL shares. Mizuho lowered their price target on Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Loop Capital cut their price target on shares of Leslie’s from $6.00 to $3.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. Piper Sandler lowered their price objective on shares of Leslie’s from $6.00 to $3.00 and set a “neutral” rating for the company in a research note on Thursday, July 18th. Stifel Nicolaus lowered Leslie’s from a “hold” rating to a “sell” rating and cut their target price for the stock from $5.25 to $2.50 in a research report on Thursday, July 18th. Finally, Bank of America lowered their price target on Leslie’s from $6.40 to $5.15 and set a “buy” rating for the company in a research report on Thursday, July 18th.

Leslie’s Stock Performance

Shares of LESL opened at $3.25 on Friday. Leslie’s has a 1 year low of $2.42 and a 1 year high of $8.21. The company’s 50 day simple moving average is $3.17 and its 200 day simple moving average is $4.78. The company has a market capitalization of $600.41 million, a price-to-earnings ratio of 40.63, a PEG ratio of 8.23 and a beta of 1.16.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $569.64 million for the quarter, compared to analyst estimates of $569.99 million. Leslie’s had a negative return on equity of 6.11% and a net margin of 0.22%. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 EPS. Equities analysts expect that Leslie’s will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Leslie’s

Several institutional investors and hedge funds have recently modified their holdings of the stock. Blueshift Asset Management LLC raised its holdings in shares of Leslie’s by 9.0% during the 4th quarter. Blueshift Asset Management LLC now owns 16,787 shares of the company’s stock valued at $116,000 after buying an additional 1,385 shares during the period. ProShare Advisors LLC increased its stake in Leslie’s by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 35,967 shares of the company’s stock worth $234,000 after buying an additional 2,473 shares during the period. Texas Permanent School Fund Corp boosted its position in Leslie’s by 1.7% in the 1st quarter. Texas Permanent School Fund Corp now owns 160,928 shares of the company’s stock valued at $1,046,000 after buying an additional 2,710 shares during the last quarter. Diversified Trust Co increased its position in shares of Leslie’s by 4.1% during the first quarter. Diversified Trust Co now owns 82,092 shares of the company’s stock worth $534,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Leslie’s by 6.6% during the 4th quarter. Victory Capital Management Inc. now owns 63,449 shares of the company’s stock valued at $438,000 after purchasing an additional 3,947 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.