Leslie’s’ (LESL) Market Perform Rating Reaffirmed at Telsey Advisory Group

Leslie’s (NASDAQ:LESL)‘s stock had its “market perform” rating restated by equities researchers at Telsey Advisory Group in a report issued on Thursday,Benzinga reports. They currently have a $3.75 price objective on the stock. Telsey Advisory Group’s price objective points to a potential upside of 90.36% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Robert W. Baird reduced their price target on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Tuesday, November 26th. William Blair reissued a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. Finally, Mizuho reduced their price target on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.49.

Leslie’s Stock Performance

LESL stock opened at $1.97 on Thursday. The firm has a 50 day moving average price of $2.32 and a 200-day moving average price of $2.71. Leslie’s has a 52-week low of $1.91 and a 52-week high of $8.21. The firm has a market capitalization of $364.86 million, a price-to-earnings ratio of -16.42 and a beta of 1.11.

Leslie’s (NASDAQ:LESL) last released its earnings results on Monday, November 25th. The company reported $0.02 earnings per share (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 business had revenue of $397.90 million for the quarter, compared to analysts’ expectations of $405.19 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. Leslie’s’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, sell-side analysts forecast that Leslie’s will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Leslie’s

A number of large investors have recently added to or reduced their stakes in LESL. AQR Capital Management LLC bought a new stake in Leslie’s in the 2nd quarter worth approximately $212,000. The Manufacturers Life Insurance Company increased its stake in shares of Leslie’s by 6.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 81,345 shares of the company’s stock worth $341,000 after purchasing an additional 4,798 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Leslie’s in the 2nd quarter worth $138,000. Sanctuary Advisors LLC purchased a new stake in shares of Leslie’s in the 2nd quarter worth $244,000. Finally, Perpetual Ltd purchased a new stake in shares of Leslie’s in the 3rd quarter worth $1,787,000.

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.