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 brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $3.96.

Several analysts have recently issued reports on the stock. Mizuho dropped their target price on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Telsey Advisory Group restated a “market perform” rating and issued a $4.00 price objective on shares of Leslie’s in a report on Tuesday, August 27th.

Leslie’s Stock Up 9.4 %

LESL stock opened at $3.02 on Wednesday. Leslie’s has a 52-week low of $2.42 and a 52-week high of $8.21. The company’s 50-day simple moving average is $2.85 and its 200-day simple moving average is $3.57. The firm has a market cap of $558.43 million, a P/E ratio of 151.00, a PEG ratio of 2.10 and a beta of 1.19.

Institutional Trading of Leslie’s

Large investors have recently bought and sold shares of the company. Ariel Investments LLC grew its stake in Leslie’s by 46.5% in the 2nd quarter. Ariel Investments LLC now owns 36,601,368 shares of the company’s stock valued at $153,360,000 after acquiring an additional 11,618,490 shares during the last quarter. Private Management Group Inc. grew its position in shares of Leslie’s by 121.3% in the third quarter. Private Management Group Inc. now owns 5,569,278 shares of the company’s stock valued at $17,599,000 after purchasing an additional 3,052,539 shares during the last quarter. Weiss Asset Management LP purchased a new position in shares of Leslie’s during the 3rd quarter worth approximately $6,470,000. Squarepoint Ops LLC raised its position in shares of Leslie’s by 1,300.5% during the 2nd quarter. Squarepoint Ops LLC now owns 1,187,916 shares of the company’s stock worth $4,977,000 after purchasing an additional 1,103,096 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in Leslie’s by 477.4% in the 2nd quarter. Marshall Wace LLP now owns 1,110,404 shares of the company’s stock valued at $4,653,000 after buying an additional 918,084 shares in the last quarter.

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.