Analysts Set Leslie’s, Inc. (NASDAQ:LESL) Target Price at $3.96

Shares of Leslie’s, Inc. (NASDAQ:LESL) have earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $3.96.

LESL has been the subject of several research analyst reports. Telsey Advisory Group reissued a “market perform” rating and issued a $4.00 price objective on shares of Leslie’s in a report on Tuesday, August 27th. Mizuho cut their price objective on Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th.

Hedge Funds Weigh In On Leslie’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LESL. Texas Permanent School Fund Corp boosted its stake in Leslie’s by 1.7% during the 1st quarter. Texas Permanent School Fund Corp now owns 160,928 shares of the company’s stock valued at $1,046,000 after purchasing an additional 2,710 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Leslie’s in the first quarter worth about $100,000. SG Americas Securities LLC acquired a new stake in shares of Leslie’s in the first quarter worth about $299,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Leslie’s in the first quarter worth about $298,000. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Leslie’s by 49.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 151,712 shares of the company’s stock worth $986,000 after purchasing an additional 49,893 shares during the last quarter.

Leslie’s Stock Down 5.3 %

Shares of LESL opened at $2.88 on Wednesday. The stock has a 50 day moving average price of $2.85 and a 200 day moving average price of $3.55. The company has a market capitalization of $532.55 million, a price-to-earnings ratio of 144.00, a price-to-earnings-growth ratio of 2.10 and a beta of 1.19. Leslie’s has a 52-week low of $2.42 and a 52-week high of $8.21.

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.