Leslie’s (NASDAQ:LESL) Shares Gap Up – What’s Next?

Leslie’s, Inc. (NASDAQ:LESL) shares gapped up prior to trading on Friday . The stock had previously closed at $2.76, but opened at $2.84. Leslie’s shares last traded at $2.80, with a volume of 234,323 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $4.00 price objective on shares of Leslie’s in a research report on Tuesday, August 27th. Mizuho dropped their price target on Leslie’s from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $3.96.

Leslie’s Stock Performance

The company has a 50-day simple moving average of $2.85 and a two-hundred day simple moving average of $3.57. The stock has a market cap of $558.44 million, a price-to-earnings ratio of 151.00, a price-to-earnings-growth ratio of 2.00 and a beta of 1.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. nVerses Capital LLC bought a new position in shares of Leslie’s during the 2nd quarter worth approximately $26,000. Wealth Enhancement Advisory Services LLC acquired a new position in Leslie’s in the 3rd quarter valued at about $32,000. Blue Trust Inc. raised its holdings in Leslie’s by 1,089.6% in the 3rd quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock valued at $35,000 after acquiring an additional 10,144 shares during the period. Covestor Ltd lifted its position in Leslie’s by 32,510.0% during the first quarter. Covestor Ltd now owns 6,522 shares of the company’s stock worth $42,000 after acquiring an additional 6,502 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in shares of 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 acquiring an additional 5,776 shares during the period.

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.