Analysts Set Leslie’s, Inc. (NASDAQ:LESL) Price Target at $2.65

Shares of Leslie’s, Inc. (NASDAQ:LESL) have been given a consensus recommendation of “Reduce” by the twelve analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $2.65.

A number of research firms recently issued reports on LESL. Telsey Advisory Group restated a “market perform” rating and set a $3.00 price objective on shares of Leslie’s in a report on Tuesday, March 18th. Robert W. Baird set a $3.00 target price on shares of Leslie’s in a research report on Tuesday, February 4th. Bank of America lowered Leslie’s from a “buy” rating to an “underperform” rating and cut their target price for the company from $2.65 to $1.40 in a research note on Tuesday, February 18th. Stifel Nicolaus decreased 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 report on Friday, February 7th. Finally, William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th.

Institutional Investors Weigh In On Leslie’s

A number of hedge funds have recently modified their holdings of LESL. Mariner LLC purchased a new position in Leslie’s during the fourth quarter worth approximately $25,000. Ground Swell Capital LLC purchased a new position in shares of Leslie’s during the 4th quarter worth $32,000. Cibc World Markets Corp acquired a new position in shares of Leslie’s during the 4th quarter valued at about $38,000. Two Sigma Advisers LP acquired a new stake in shares of Leslie’s during the 4th quarter worth approximately $39,000. Finally, Gitterman Wealth Management LLC purchased a new stake in shares of Leslie’s during the 4th quarter valued at approximately $41,000.

Leslie’s Stock Up 5.3 %

LESL opened at $0.83 on Tuesday. Leslie’s has a 52 week low of $0.75 and a 52 week high of $7.32. The firm has a 50-day simple moving average of $1.51 and a two-hundred day simple moving average of $2.25. The company has a market capitalization of $152.83 million, a PE ratio of -5.50 and a beta of 1.20.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.23) earnings per share (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%.

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.