Analysts Set Leslie’s, Inc. (NASDAQ:LESL) PT at $3.61

Leslie’s, Inc. (NASDAQ:LESL) has been given an average rating of “Hold” by the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $3.61.

A number of analysts have recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a research note on Tuesday, November 26th. Finally, Telsey Advisory Group dropped their price objective on Leslie’s from $4.00 to $3.75 and set a “market perform” rating on the stock in a research note on Tuesday, November 26th.

Institutional Trading of Leslie’s

Several institutional investors and hedge funds have recently bought and sold shares of LESL. nVerses Capital LLC purchased a new position in shares of Leslie’s in the second quarter worth approximately $26,000. Wealth Enhancement Advisory Services LLC purchased a new position in Leslie’s during the 3rd quarter worth approximately $32,000. Blue Trust Inc. raised its stake in Leslie’s by 1,089.6% during the 3rd quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock valued at $35,000 after purchasing an additional 10,144 shares during the period. IHT Wealth Management LLC lifted its holdings in shares of Leslie’s by 52.6% in the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock valued at $51,000 after purchasing an additional 5,776 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Leslie’s in the second quarter worth $57,000.

Leslie’s Stock Performance

LESL opened at $2.30 on Thursday. Leslie’s has a one year low of $2.02 and a one year high of $8.21. The company has a market cap of $425.43 million, a price-to-earnings ratio of -19.17 and a beta of 1.12. The business’s fifty day moving average is $2.59 and its two-hundred day moving average is $2.93.

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

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.