Robert W. Baird Has Lowered Expectations for Leslie’s (NASDAQ:LESL) Stock Price

Leslie’s (NASDAQ:LESL) had its target price reduced by investment analysts at Robert W. Baird from $4.00 to $3.50 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 39.44% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Mizuho reduced their price target on Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Telsey Advisory Group decreased their price target on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $3.89.

Leslie’s Price Performance

Shares of LESL stock traded down $1.00 during trading hours on Tuesday, reaching $2.51. The company had a trading volume of 8,403,506 shares, compared to its average volume of 4,311,539. The business has a fifty day simple moving average of $2.86 and a 200-day simple moving average of $3.50. Leslie’s has a 12 month low of $2.42 and a 12 month high of $8.21. The company has a market cap of $464.12 million, a price-to-earnings ratio of 125.50, a price-to-earnings-growth ratio of 2.16 and a beta of 1.19.

Institutional Trading of Leslie’s

Hedge funds have recently added to or reduced their stakes in the business. Private Management Group Inc. increased its holdings in shares of Leslie’s by 93.8% in the second quarter. Private Management Group Inc. now owns 2,516,739 shares of the company’s stock worth $10,545,000 after buying an additional 1,218,047 shares during the period. Ariel Investments LLC increased its stake in Leslie’s by 46.5% in the 2nd quarter. Ariel Investments LLC now owns 36,601,368 shares of the company’s stock worth $153,360,000 after purchasing an additional 11,618,490 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Leslie’s by 13.6% during 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 purchasing an additional 345,064 shares during the period. Raymond James & Associates grew its holdings in shares of Leslie’s by 24.3% in the second quarter. Raymond James & Associates now owns 2,096,631 shares of the company’s stock worth $8,785,000 after purchasing an additional 410,128 shares during the last quarter. Finally, WINTON GROUP Ltd increased its stake in shares of Leslie’s by 861.9% in the second quarter. WINTON GROUP Ltd now owns 217,842 shares of the company’s stock worth $913,000 after buying an additional 195,194 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.