Leslie’s, Inc. (NASDAQ:LESL) Receives $3.61 Average Target Price from Analysts

Leslie’s, Inc. (NASDAQ:LESL) has been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $3.49.

Several research analysts have recently weighed in on the company. William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. Mizuho decreased their price target on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday. Robert W. Baird cut their price objective on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. Finally, Telsey Advisory Group decreased their target price on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating for the company in a research report on Tuesday, November 26th.

Leslie’s Stock Down 0.4 %

LESL opened at $2.29 on Thursday. The stock has a market cap of $423.58 million, a P/E ratio of -19.08 and a beta of 1.11. The company has a fifty day simple moving average of $2.57 and a 200 day simple moving average of $2.91. Leslie’s has a 12 month low of $2.02 and a 12 month high of $8.21.

Leslie’s (NASDAQ:LESL) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.09). The company had revenue of $397.90 million during the quarter, compared to the consensus estimate of $405.19 million. Leslie’s had a negative net margin of 1.76% and a negative return on equity of 6.11%. The company’s revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share. On average, equities research analysts expect that Leslie’s will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LESL. nVerses Capital LLC bought a new position in shares of Leslie’s during the 2nd quarter worth approximately $26,000. Wealth Enhancement Advisory Services LLC bought a new position in Leslie’s during the third quarter worth $32,000. Blue Trust Inc. boosted its position in Leslie’s by 1,089.6% during the third quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock worth $35,000 after purchasing an additional 10,144 shares during the period. IHT Wealth Management LLC increased its holdings in shares of Leslie’s by 52.6% in the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock valued at $51,000 after purchasing an additional 5,776 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Leslie’s in the second quarter valued at about $57,000.

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.