Leslie’s (NASDAQ:LESL) Given New $1.55 Price Target at Stifel Nicolaus

Leslie’s (NASDAQ:LESL) had its price target cut by equities research analysts at Stifel Nicolaus from $1.90 to $1.55 in a report released on Friday,Benzinga reports. The firm presently has a “sell” rating on the stock. Stifel Nicolaus’ target price indicates a potential downside of 11.68% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Telsey Advisory Group decreased their price objective on Leslie’s from $3.75 to $3.00 and set a “market perform” rating for the company in a report on Friday. Robert W. Baird decreased their price objective on Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, November 26th. William Blair restated a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. Finally, Mizuho decreased their price target on Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Leslie’s currently has a consensus rating of “Hold” and an average price target of $3.28.

Leslie’s Stock Down 21.7 %

LESL traded down $0.49 during trading on Friday, hitting $1.76. The company’s stock had a trading volume of 9,535,608 shares, compared to its average volume of 5,245,413. Leslie’s has a twelve month low of $1.70 and a twelve month high of $8.21. The stock’s fifty day moving average price is $2.23 and its 200-day moving average price is $2.66. The firm has a market capitalization of $325.04 million, a P/E ratio of -14.63 and a beta of 1.10.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.02). Leslie’s had a negative net margin of 1.76% and a negative return on equity of 6.11%. Equities research analysts expect that Leslie’s will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Leslie’s

Hedge funds and other institutional investors have recently bought and sold shares of the business. RBF Capital LLC bought a new position in shares of Leslie’s in the third quarter worth $1,587,000. Lind Value II ApS bought a new position in shares of Leslie’s in the fourth quarter worth $10,258,000. Point72 Asset Management L.P. bought a new position in shares of Leslie’s in the third quarter worth $1,702,000. JPMorgan Chase & Co. increased its holdings in shares of Leslie’s by 142.5% in the third quarter. JPMorgan Chase & Co. now owns 586,926 shares of the company’s stock worth $1,855,000 after purchasing an additional 344,873 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of 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 worth $9,093,000 after purchasing an additional 345,064 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.