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

Leslie’s (NASDAQ:LESL) had its target price decreased by investment analysts at Robert W. Baird from $4.00 to $3.50 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 41.13% from the stock’s current price.

A number of other analysts have also recently issued reports on LESL. Telsey Advisory Group reduced their target price on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating for the company in a research note on Tuesday. Mizuho reduced 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Leslie’s has an average rating of “Hold” and an average price target of $3.89.

Leslie’s Price Performance

Shares of Leslie’s stock opened at $2.48 on Tuesday. The stock has a 50-day simple moving average of $2.85 and a 200-day simple moving average of $3.48. Leslie’s has a 52-week low of $2.31 and a 52-week high of $8.21. The firm has a market cap of $458.58 million, a price-to-earnings ratio of -20.92, a P/E/G ratio of 2.37 and a beta of 1.19.

Institutional Inflows and Outflows

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

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.