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

Leslie’s, Inc. (NASDAQ:LESL) has earned an average rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $3.49.

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

Institutional Trading of Leslie’s

Several institutional investors have recently modified their holdings of LESL. nVerses Capital LLC acquired a new stake in Leslie’s in the 2nd quarter valued at about $26,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Leslie’s in the 3rd quarter worth approximately $32,000. Blue Trust Inc. lifted its stake in Leslie’s by 1,089.6% during the third quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock valued at $35,000 after purchasing an additional 10,144 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in Leslie’s by 52.6% during the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock worth $51,000 after buying an additional 5,776 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Leslie’s in the second quarter valued at $57,000.

Leslie’s Trading Down 1.8 %

Leslie’s stock opened at $2.18 on Thursday. The stock has a 50 day moving average of $2.55 and a 200-day moving average of $2.89. The stock has a market cap of $403.23 million, a P/E ratio of -18.17 and a beta of 1.11. Leslie’s has a 52 week low of $2.02 and a 52 week high of $8.21.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings data on Monday, November 25th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.09). The company had revenue of $397.90 million for the quarter, compared to analyst estimates of $405.19 million. Leslie’s had a negative return on equity of 6.11% and a negative net margin of 1.76%. Leslie’s’s revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 earnings per share. As a group, equities analysts predict that Leslie’s will post 0.08 earnings per share for the current fiscal year.

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.