Zacks Research Upgrades Leslie’s (NASDAQ:LESL) to Hold

Leslie’s (NASDAQ:LESL) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen raised shares of Leslie’s to a “sell” rating in a research report on Friday. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price objective on shares of Leslie’s in a research report on Wednesday, September 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Leslie’s in a report on Saturday, September 27th. Mizuho lowered their price target on shares of Leslie’s from $60.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, July 3rd. Finally, Morgan Stanley set a $7.00 price target on shares of Leslie’s in a report on Tuesday. Ten analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $29.13.

Leslie’s Stock Down 11.7%

Leslie’s stock opened at $4.92 on Thursday. Leslie’s has a 52-week low of $4.85 and a 52-week high of $72.60. The firm has a fifty day moving average of $6.50 and a 200-day moving average of $10.53. The firm has a market capitalization of $45.66 million, a P/E ratio of -0.55 and a beta of 1.24.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Two Sigma Advisers LP bought a new position in Leslie’s during the 4th quarter valued at $39,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Leslie’s by 106.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,279 shares of the company’s stock worth $27,000 after buying an additional 19,257 shares during the last quarter. Performa Ltd US LLC lifted its position in shares of Leslie’s by 785.7% in the 1st quarter. Performa Ltd US LLC now owns 46,500 shares of the company’s stock worth $34,000 after buying an additional 41,250 shares during the last quarter. CWM LLC lifted its position in shares of Leslie’s by 1,149.0% in the 1st quarter. CWM LLC now owns 46,914 shares of the company’s stock worth $35,000 after buying an additional 43,158 shares during the last quarter. Finally, Engineers Gate Manager LP lifted its position in shares of Leslie’s by 309.7% in the 2nd quarter. Engineers Gate Manager LP now owns 61,474 shares of the company’s stock worth $26,000 after buying an additional 46,468 shares during 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.