Leslie’s (NASDAQ:LESL) Trading Down 3.7%

Leslie’s, Inc. (NASDAQ:LESL) shares traded down 3.7% during trading on Tuesday . The company traded as low as $2.76 and last traded at $2.83. 388,341 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 4,027,400 shares. The stock had previously closed at $2.94.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Jefferies Financial Group decreased their price objective on Leslie’s from $5.00 to $4.00 and set a “hold” rating on the stock in a research report on Wednesday, July 10th. Bank of America decreased their price objective on Leslie’s from $6.40 to $5.15 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Piper Sandler decreased their price objective on Leslie’s from $6.00 to $3.00 and set a “neutral” rating on the stock in a research report on Thursday, July 18th. Stifel Nicolaus lowered Leslie’s from a “hold” rating to a “sell” rating and decreased their price objective for the company from $5.25 to $2.50 in a research report on Thursday, July 18th. Finally, Mizuho decreased their price objective on Leslie’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.18.

Leslie’s Stock Performance

The firm has a market capitalization of $506.19 million, a P/E ratio of 34.75, a price-to-earnings-growth ratio of 2.25 and a beta of 1.16. The company has a 50-day moving average price of $4.50 and a 200-day moving average price of $5.70.

Leslie’s (NASDAQ:LESL) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.18). The business had revenue of $188.66 million for the quarter, compared to analyst estimates of $202.69 million. Leslie’s had a negative return on equity of 12.55% and a net margin of 1.06%. Equities analysts predict that Leslie’s, Inc. will post 0.14 EPS for the current year.

Institutional Trading of Leslie’s

Hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd raised its stake in Leslie’s by 32,510.0% during the 1st quarter. Covestor Ltd now owns 6,522 shares of the company’s stock worth $42,000 after buying an additional 6,502 shares during the period. RPO LLC acquired a new stake in Leslie’s during the 4th quarter worth $84,000. GAMMA Investing LLC acquired a new stake in Leslie’s during the 4th quarter worth $101,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Leslie’s during the 1st quarter worth $100,000. Finally, Blueshift Asset Management LLC raised its stake in Leslie’s by 9.0% during the 4th quarter. Blueshift Asset Management LLC now owns 16,787 shares of the company’s stock worth $116,000 after buying an additional 1,385 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.