Brokerages Set Leslie’s, Inc. (NASDAQ:LESL) Price Target at $2.83

Leslie’s, Inc. (NASDAQ:LESL) has earned an average recommendation of “Reduce” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $2.77.

LESL has been the topic of a number of research reports. Stifel Nicolaus decreased their price target on Leslie’s from $1.90 to $1.55 and set a “sell” rating on the stock in a research note on Friday, February 7th. William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. Robert W. Baird set a $3.00 price target on shares of Leslie’s in a research report on Tuesday, February 4th. Mizuho dropped their price objective on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Finally, Telsey Advisory Group reduced their target price on shares of Leslie’s from $3.75 to $3.00 and set a “market perform” rating on the stock in a report on Friday, February 7th.

Leslie’s Stock Performance

LESL opened at $1.42 on Friday. The stock has a market capitalization of $263.03 million, a PE ratio of -9.47 and a beta of 1.10. Leslie’s has a one year low of $1.40 and a one year high of $8.05. The business’s 50 day moving average price is $2.05 and its 200 day moving average price is $2.56.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). Leslie’s had a negative return on equity of 6.11% and a negative net margin of 2.13%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. RBF Capital LLC acquired a new position in Leslie’s in the third quarter valued at approximately $1,587,000. Lind Value II ApS acquired a new position in shares of Leslie’s in the 4th quarter valued at $10,258,000. Point72 Asset Management L.P. purchased a new position in shares of Leslie’s in the 3rd quarter valued at $1,702,000. JPMorgan Chase & Co. raised its stake in Leslie’s by 142.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 586,926 shares of the company’s stock worth $1,855,000 after acquiring an additional 344,873 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Leslie’s by 13.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,877,390 shares of the company’s stock valued at $9,093,000 after acquiring an additional 345,064 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.