Leslie’s, Inc. (NASDAQ:LESL) Given Consensus Rating of “Reduce” by Brokerages

Leslie’s, Inc. (NASDAQ:LESL) has been given a consensus rating of “Reduce” by the twelve research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $2.65.

A number of analysts have recently weighed in on LESL shares. Stifel Nicolaus reduced their price target on shares of Leslie’s from $1.90 to $1.55 and set a “sell” rating for the company in a research note on Friday, February 7th. Mizuho cut their target price on Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Guggenheim reiterated a “neutral” rating on shares of Leslie’s in a research report on Friday, February 7th. Bank of America lowered Leslie’s from a “buy” rating to an “underperform” rating and cut their price objective for the company from $2.65 to $1.40 in a report on Tuesday, February 18th. Finally, Telsey Advisory Group lowered their target price on Leslie’s from $3.75 to $3.00 and set a “market perform” rating on the stock in a report on Friday, February 7th.

Leslie’s Price Performance

Shares of Leslie’s stock opened at $0.85 on Tuesday. Leslie’s has a 1-year low of $0.76 and a 1-year high of $7.70. The business’s fifty day moving average price is $1.65 and its two-hundred day moving average price is $2.33. The company has a market capitalization of $157.44 million, a P/E ratio of -5.67 and a beta of 1.20.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). Leslie’s had a negative net margin of 2.13% and a negative return on equity of 6.11%.

Institutional Trading of Leslie’s

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP purchased a new position in shares of Leslie’s in the third quarter worth approximately $98,000. Aigen Investment Management LP acquired a new position in Leslie’s in the 3rd quarter worth approximately $92,000. Intech Investment Management LLC purchased a new position in Leslie’s during the 3rd quarter worth approximately $144,000. Integrated Investment Consultants LLC raised its stake in Leslie’s by 36.1% during the 3rd quarter. Integrated Investment Consultants LLC now owns 21,500 shares of the company’s stock valued at $68,000 after purchasing an additional 5,700 shares during the period. Finally, Algert Global LLC lifted its holdings in shares of Leslie’s by 971.5% in the third quarter. Algert Global LLC now owns 188,840 shares of the company’s stock valued at $597,000 after purchasing an additional 171,216 shares in the last quarter.

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.