Leslie’s (NASDAQ:LESL) Price Target Cut to $3.00 by Analysts at The Goldman Sachs Group

Leslie’s (NASDAQ:LESL) had its price target trimmed by The Goldman Sachs Group from $4.00 to $3.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.

LESL has been the topic of a number of other reports. Telsey Advisory Group dropped their target price on shares of Leslie’s from $3.75 to $3.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. Mizuho dropped their price objective on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Stifel Nicolaus dropped their price objective on shares of Leslie’s from $1.90 to $1.55 and set a “sell” rating on the stock in a research note on Friday, February 7th. William Blair reiterated a “market perform” rating on shares of Leslie’s in a research note on Tuesday, November 26th. Finally, Robert W. Baird decreased their target price on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Leslie’s presently has a consensus rating of “Hold” and a consensus price target of $3.24.

Leslie’s Trading Up 9.0 %

Shares of NASDAQ:LESL opened at $1.75 on Tuesday. The company has a market capitalization of $324.12 million, a price-to-earnings ratio of -11.67 and a beta of 1.10. Leslie’s has a 12 month low of $1.56 and a 12 month high of $8.21. The firm’s 50-day moving average is $2.19 and its 200 day moving average is $2.63.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate 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%. As a group, equities analysts forecast that Leslie’s will post 0.08 EPS for the current fiscal year.

Institutional Trading of Leslie’s

A number of hedge funds and other institutional investors have recently made changes to their positions in LESL. Wealth Enhancement Advisory Services LLC acquired a new stake in Leslie’s during the third quarter valued at $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. Cibc World Markets Corp acquired a new stake in Leslie’s during the fourth quarter valued at $38,000. Gitterman Wealth Management LLC acquired a new stake in Leslie’s during the fourth quarter valued at $41,000. Finally, PNC Financial Services Group Inc. grew its position in Leslie’s by 92.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 21,588 shares of the company’s stock valued at $48,000 after buying an additional 10,396 shares during the period.

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.