Robert W. Baird Issues Pessimistic Forecast for Leslie’s (NASDAQ:LESL) Stock Price

Leslie’s (NASDAQ:LESL) had its target price decreased by Robert W. Baird from $4.00 to $3.50 in a research note published on Tuesday,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other research firms have also recently commented on LESL. Mizuho cut their target price on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Telsey Advisory Group cut their price objective 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $3.89.

Leslie’s Stock Up 1.2 %

Shares of NASDAQ LESL opened at $2.48 on Tuesday. The stock has a market capitalization of $458.58 million, a price-to-earnings ratio of -20.67, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19. Leslie’s has a 52 week low of $2.31 and a 52 week high of $8.21. The firm has a 50-day moving average price of $2.85 and a 200 day moving average price of $3.47.

Institutional Investors Weigh In On Leslie’s

A number of institutional investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System lifted its stake in shares of Leslie’s by 24.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 63,237 shares of the company’s stock valued at $411,000 after purchasing an additional 12,519 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Leslie’s by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 86,970 shares of the company’s stock worth $566,000 after buying an additional 6,101 shares during the period. Bayesian Capital Management LP acquired a new stake in shares of Leslie’s in the first quarter worth $787,000. Janus Henderson Group PLC raised its stake in shares of Leslie’s by 2.2% in the 1st quarter. Janus Henderson Group PLC now owns 7,320,338 shares of the company’s stock valued at $47,581,000 after acquiring an additional 156,938 shares during the period. Finally, Comerica Bank lifted its holdings in shares of Leslie’s by 3.3% during the 1st quarter. Comerica Bank now owns 287,063 shares of the company’s stock valued at $1,866,000 after acquiring an additional 9,172 shares in the last quarter.

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.