Telsey Advisory Group Cuts Leslie’s (NASDAQ:LESL) Price Target to $3.00

Leslie’s (NASDAQ:LESL) had its target price cut by Telsey Advisory Group from $3.75 to $3.00 in a research report released on Friday morning,Benzinga reports. They currently have a market perform rating on the stock.

A number of other analysts have also recently commented on the company. Robert W. Baird lowered their price target on 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, Mizuho lowered their target price on Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $3.28.

Leslie’s Trading Down 26.8 %

Shares of NASDAQ:LESL opened at $1.64 on Friday. The stock has a market capitalization of $303.74 million, a P/E ratio of -10.93 and a beta of 1.10. Leslie’s has a 1-year low of $1.63 and a 1-year high of $8.21. The business has a 50-day moving average price of $2.22 and a two-hundred day moving average price of $2.65.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). Leslie’s had a negative net margin of 2.13% and a negative return on equity of 6.11%. As a group, equities analysts predict that Leslie’s will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Leslie’s

A number of large investors have recently bought and sold shares of LESL. AQR Capital Management LLC acquired a new position in Leslie’s during the 2nd quarter worth approximately $212,000. The Manufacturers Life Insurance Company boosted its position in Leslie’s by 6.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 81,345 shares of the company’s stock worth $341,000 after acquiring an additional 4,798 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Leslie’s in the 2nd quarter valued at approximately $244,000. Perpetual Ltd acquired a new stake in shares of Leslie’s in the 3rd quarter valued at approximately $1,787,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Leslie’s in the 3rd quarter valued at approximately $321,000.

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.