Leslie’s, Inc. (NASDAQ:LESL) Receives $3.49 Consensus Target Price from Brokerages

Leslie’s, Inc. (NASDAQ:LESL) has been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $3.49.

LESL has been the topic of several recent research reports. Robert W. Baird reduced their price objective on Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. Mizuho reduced their target price on Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. William Blair reiterated a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. Finally, Telsey Advisory Group reduced their target price on Leslie’s from $4.00 to $3.75 and set a “market perform” rating on the stock in a research report on Tuesday, November 26th.

Leslie’s Stock Performance

LESL opened at $1.97 on Monday. The business’s fifty day moving average is $2.32 and its two-hundred day moving average is $2.71. The company has a market cap of $364.86 million, a price-to-earnings ratio of -16.42 and a beta of 1.11. Leslie’s has a one year low of $1.91 and a one year high of $8.21.

Leslie’s (NASDAQ:LESL) last posted its earnings results on Monday, November 25th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). The firm had revenue of $397.90 million for the quarter, compared to analysts’ expectations of $405.19 million. Leslie’s had a negative return on equity of 6.11% and a negative net margin of 1.76%. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share. On average, analysts predict that Leslie’s will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Lind Value II ApS bought a new stake in shares of Leslie’s in the 4th quarter worth approximately $10,258,000. Private Management Group Inc. lifted its holdings in shares of Leslie’s by 121.3% in the 3rd quarter. Private Management Group Inc. now owns 5,569,278 shares of the company’s stock worth $17,599,000 after purchasing an additional 3,052,539 shares during the last quarter. Weiss Asset Management LP bought a new stake in shares of Leslie’s in the 3rd quarter worth approximately $6,470,000. Squarepoint Ops LLC lifted its holdings in shares of Leslie’s by 1,300.5% in the 2nd quarter. Squarepoint Ops LLC now owns 1,187,916 shares of the company’s stock worth $4,977,000 after purchasing an additional 1,103,096 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Leslie’s by 477.4% in the 2nd quarter. Marshall Wace LLP now owns 1,110,404 shares of the company’s stock worth $4,653,000 after purchasing an additional 918,084 shares during the last quarter.

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.