Telsey Advisory Group Issues Pessimistic Forecast for Leslie’s (NASDAQ:LESL) Stock Price

Leslie’s (NASDAQ:LESL) had its target price decreased by stock analysts at Telsey Advisory Group from $4.00 to $3.75 in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 51.21% from the company’s previous close.

Separately, Mizuho decreased their price target on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Leslie’s has an average rating of “Hold” and an average price target of $3.89.

Leslie’s Trading Up 1.2 %

Shares of LESL stock opened at $2.48 on Tuesday. The firm has a market capitalization of $458.58 million, a PE ratio of -20.67, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19. The firm has a fifty day simple moving average of $2.85 and a two-hundred day simple moving average of $3.48. Leslie’s has a 12 month low of $2.31 and a 12 month high of $8.21.

Hedge Funds Weigh In On Leslie’s

Institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new position in Leslie’s during the second quarter valued at about $26,000. Wealth Enhancement Advisory Services LLC bought a new position in Leslie’s during the third quarter valued at about $32,000. Blue Trust Inc. grew its position in Leslie’s by 1,089.6% during the third quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock valued at $35,000 after buying an additional 10,144 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new position in Leslie’s during the second quarter valued at about $55,000. Finally, Los Angeles Capital Management LLC bought a new position in Leslie’s during the second quarter valued at about $57,000.

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.