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

Shares of Leslie’s, Inc. (NASDAQ:LESL) have received a consensus rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $3.96.

LESL has been the topic of several recent analyst reports. Loop Capital cut their price objective on shares of Leslie’s from $6.00 to $3.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. Mizuho decreased their price objective on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 target price on shares of Leslie’s in a research note on Tuesday, August 27th.

Hedge Funds Weigh In On Leslie’s

Hedge funds and other institutional investors have recently modified their holdings of the company. nVerses Capital LLC purchased a new position in shares of Leslie’s during the 2nd quarter worth $26,000. Covestor Ltd increased its holdings in shares of Leslie’s by 32,510.0% in the first quarter. Covestor Ltd now owns 6,522 shares of the company’s stock worth $42,000 after purchasing an additional 6,502 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Leslie’s during the 3rd quarter worth approximately $32,000. Blue Trust Inc. raised its holdings in shares of Leslie’s by 1,089.6% during the 3rd quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock worth $35,000 after acquiring an additional 10,144 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in shares of Leslie’s during the 2nd quarter valued at approximately $55,000.

Leslie’s Stock Up 9.4 %

Shares of LESL opened at $3.02 on Wednesday. The business’s 50 day moving average price is $2.85 and its 200-day moving average price is $3.58. Leslie’s has a 52 week low of $2.42 and a 52 week high of $8.21. The stock has a market cap of $558.44 million, a P/E ratio of 151.00, a P/E/G ratio of 2.00 and a beta of 1.19.

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.