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

Shares of Leslie’s, Inc. (NASDAQ:LESL) have received an average rating of “Hold” from the nine research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $3.49.

A number of equities research analysts have weighed in on the company. Robert W. Baird decreased their price objective on Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. Mizuho decreased their price target on Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Monday. William Blair reiterated a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. Finally, Telsey Advisory Group cut their price objective on Leslie’s from $4.00 to $3.75 and set a “market perform” rating for the company in a report on Tuesday, November 26th.

Leslie’s Trading Down 0.4 %

Shares of NASDAQ:LESL opened at $2.29 on Thursday. The firm has a market capitalization of $423.58 million, a PE ratio of -19.08 and a beta of 1.11. Leslie’s has a 1-year low of $2.02 and a 1-year high of $8.21. The business’s 50 day moving average is $2.57 and its 200-day moving average is $2.91.

Leslie’s (NASDAQ:LESL) last posted its quarterly earnings results on Monday, November 25th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). Leslie’s had a negative return on equity of 6.11% and a negative net margin of 1.76%. The business had revenue of $397.90 million for the quarter, compared to analyst estimates of $405.19 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. On average, sell-side analysts predict that Leslie’s will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Leslie’s

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LESL. The Manufacturers Life Insurance Company raised its position in 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 during the last quarter. Integrated Investment Consultants LLC raised its position in shares of Leslie’s by 36.1% during the third quarter. Integrated Investment Consultants LLC now owns 21,500 shares of the company’s stock worth $68,000 after acquiring an additional 5,700 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of Leslie’s by 52.6% during the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock valued at $51,000 after acquiring an additional 5,776 shares during the period. nVerses Capital LLC acquired a new position in shares of Leslie’s during the second quarter valued at $26,000. Finally, Dark Forest Capital Management LP boosted its holdings in Leslie’s by 54.2% in the second quarter. Dark Forest Capital Management LP now owns 21,776 shares of the company’s stock valued at $91,000 after acquiring an additional 7,650 shares during 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.