Leslie’s, Inc. (NASDAQ:LESL) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Leslie’s, Inc. (NASDAQ:LESL) have been assigned a consensus rating of “Reduce” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $23.8056.

Several analysts recently commented on LESL shares. Morgan Stanley set a $3.50 price target on shares of Leslie’s in a report on Wednesday, December 10th. Wall Street Zen raised shares of Leslie’s from a “sell” rating to a “hold” rating in a research note on Saturday. Mizuho set a $5.00 price target on shares of Leslie’s in a research note on Thursday, October 16th. Jefferies Financial Group set a $3.75 price objective on Leslie’s and gave the stock a “hold” rating in a report on Wednesday, December 3rd. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $3.00 price objective on shares of Leslie’s in a research report on Friday, November 28th.

Leslie’s Trading Down 2.8%

Shares of NASDAQ LESL opened at $1.75 on Thursday. Leslie’s has a one year low of $1.73 and a one year high of $48.60. The business has a 50-day moving average price of $3.14 and a two-hundred day moving average price of $6.30. The firm has a market capitalization of $16.24 million, a PE ratio of -0.07 and a beta of 1.33.

Institutional Investors Weigh In On Leslie’s

Large investors have recently made changes to their positions in the company. Engineers Gate Manager LP raised its position in Leslie’s by 309.7% during the second quarter. Engineers Gate Manager LP now owns 61,474 shares of the company’s stock valued at $26,000 after acquiring an additional 46,468 shares in the last quarter. Pallas Capital Advisors LLC increased its stake in shares of Leslie’s by 168.6% during the 2nd quarter. Pallas Capital Advisors LLC now owns 63,888 shares of the company’s stock worth $27,000 after purchasing an additional 40,100 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Leslie’s during the 2nd quarter valued at $28,000. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Leslie’s in the 2nd quarter valued at $36,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Leslie’s by 136.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 88,094 shares of the company’s stock valued at $37,000 after purchasing an additional 50,815 shares during the last quarter.

Leslie’s Company Profile

Leslie’s, Inc (NASDAQ: LESL) is the largest direct-to-consumer retailer of swimming pool supplies and related equipment in the United States. Through a network of more than 900 company-operated stores and a robust e-commerce platform, the company offers a comprehensive range of pool chemicals, cleaning tools, pumps, filters, heaters and pool accessories. In addition to product retailing, Leslie’s provides in-store and in-home water testing services, equipment installation, repair and ongoing maintenance programs designed to support both residential and commercial pool owners.

Founded in 1963 in North Miami Beach, Florida, Leslie’s has grown from a single neighborhood pool-supply shop into a national specialty retailer.