Leslie’s, Inc. (NASDAQ:LESL) Given Average Recommendation of “Hold” by Brokerages

Shares of Leslie’s, Inc. (NASDAQ:LESL) have earned an average recommendation of “Hold” from the ten analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $3.96.

A number of research firms recently weighed in on LESL. Mizuho dropped their target price 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 reaffirmed a “market perform” rating and issued a $4.00 price objective on shares of Leslie’s in a research note on Tuesday, August 27th. Bank of America lowered their price target on shares of Leslie’s from $6.40 to $5.15 and set a “buy” rating for the company in a research note on Thursday, July 18th. Loop Capital reduced their price objective on Leslie’s from $6.00 to $3.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. Finally, Stifel Nicolaus lowered Leslie’s from a “hold” rating to a “sell” rating and lowered their target price for the company from $5.25 to $2.50 in a research note on Thursday, July 18th.

Institutional Investors Weigh In On Leslie’s

Several institutional investors and hedge funds have recently bought and sold shares of the business. nVerses Capital LLC purchased a new position in shares of Leslie’s during the second quarter valued at approximately $26,000. Wealth Enhancement Advisory Services LLC purchased a new position in Leslie’s during the 3rd quarter valued at $32,000. Blue Trust Inc. raised its holdings in Leslie’s by 1,089.6% in the 3rd quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock worth $35,000 after purchasing an additional 10,144 shares in the last quarter. Covestor Ltd lifted its position in shares of Leslie’s by 32,510.0% in the 1st quarter. Covestor Ltd now owns 6,522 shares of the company’s stock worth $42,000 after purchasing an additional 6,502 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Leslie’s during the 2nd quarter valued at about $55,000.

Leslie’s Stock Down 4.0 %

NASDAQ LESL opened at $2.91 on Wednesday. The stock’s 50-day simple moving average is $2.86 and its two-hundred day simple moving average is $3.60. Leslie’s has a twelve month low of $2.42 and a twelve month high of $8.21. The company has a market capitalization of $538.10 million, a price-to-earnings ratio of 145.50, a PEG ratio of 2.08 and a beta of 1.19.

Leslie’s Company Profile

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.