Leslie’s (NASDAQ:LESL) Stock Price Down 3.1%

Leslie’s, Inc. (NASDAQ:LESL)’s stock price dropped 3.1% during trading on Friday . The company traded as low as $3.14 and last traded at $3.15. Approximately 343,758 shares were traded during trading, a decline of 92% from the average daily volume of 4,176,570 shares. The stock had previously closed at $3.25.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LESL shares. Telsey Advisory Group restated a “market perform” rating and issued a $4.00 target price on shares of Leslie’s in a report on Tuesday, August 27th. Piper Sandler reduced 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. Loop Capital decreased their target price on shares of Leslie’s from $6.00 to $3.00 and set a “hold” rating for the company in a report on Friday, July 19th. Jefferies Financial Group cut their price target on shares of Leslie’s from $5.00 to $4.00 and set a “hold” rating on the stock in a report on Wednesday, July 10th. Finally, Mizuho reduced their price target on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Leslie’s currently has a consensus rating of “Hold” and a consensus target price of $3.96.

Leslie’s Stock Performance

The business’s 50 day simple moving average is $3.17 and its 200-day simple moving average is $4.78. The company has a market cap of $565.31 million, a price-to-earnings ratio of 38.25, a price-to-earnings-growth ratio of 8.23 and a beta of 1.17.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Leslie’s had a negative return on equity of 6.11% and a net margin of 0.22%. The firm had revenue of $569.64 million during the quarter, compared to analysts’ expectations of $569.99 million. During the same quarter last year, the firm earned $0.40 earnings per share. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. Research analysts expect that Leslie’s, Inc. will post 0.04 earnings per share for the current year.

Hedge Funds Weigh In On Leslie’s

A number of hedge funds have recently added to or reduced their stakes in LESL. nVerses Capital LLC bought a new stake in Leslie’s in the second quarter worth approximately $26,000. Covestor Ltd raised its holdings in Leslie’s by 32,510.0% during the first quarter. Covestor Ltd now owns 6,522 shares of the company’s stock valued at $42,000 after buying an additional 6,502 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Leslie’s in the second quarter worth about $55,000. Los Angeles Capital Management LLC acquired a new position in shares of Leslie’s during the 2nd quarter valued at about $57,000. Finally, RPO LLC acquired a new stake in Leslie’s in the 4th quarter worth approximately $84,000.

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.