Brokerages Set Leslie’s, Inc. (NASDAQ:LESL) Target Price at $3.61

Leslie’s, Inc. (NASDAQ:LESL) has earned an average rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $3.49.

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

Institutional Trading of Leslie’s

Several large investors have recently added to or reduced their stakes in LESL. Ariel Investments LLC lifted its stake in shares of Leslie’s by 46.5% in the 2nd quarter. Ariel Investments LLC now owns 36,601,368 shares of the company’s stock valued at $153,360,000 after purchasing an additional 11,618,490 shares during the last quarter. State Street Corp raised its holdings in Leslie’s by 7.7% during the third quarter. State Street Corp now owns 8,406,377 shares of the company’s stock valued at $26,564,000 after buying an additional 601,177 shares in the last quarter. Private Management Group Inc. lifted its position in shares of Leslie’s by 121.3% in the third quarter. Private Management Group Inc. now owns 5,569,278 shares of the company’s stock worth $17,599,000 after buying an additional 3,052,539 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Leslie’s by 13.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,877,390 shares of the company’s stock worth $9,093,000 after acquiring an additional 345,064 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new position in shares of Leslie’s during the 3rd quarter valued at about $6,470,000.

Leslie’s Trading Down 1.8 %

LESL stock opened at $2.18 on Thursday. Leslie’s has a one year low of $2.02 and a one year high of $8.21. The firm has a 50-day moving average of $2.55 and a two-hundred day moving average of $2.89. The firm has a market capitalization of $403.23 million, a PE ratio of -18.17 and a beta of 1.11.

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

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.