Leslie’s’ (LESL) “Market Perform” Rating Reiterated at Telsey Advisory Group

Leslie’s (NASDAQ:LESL)‘s stock had its “market perform” rating reiterated by Telsey Advisory Group in a research report issued on Thursday,Benzinga reports. They currently have a $3.75 price objective on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 85.64% from the stock’s current price.

A number of other equities research analysts have also recently commented on the company. Robert W. Baird reduced their price objective on Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. William Blair reissued a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. Finally, Mizuho decreased their price target on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $3.49.

Leslie’s Trading Down 1.5 %

Leslie’s stock opened at $2.02 on Thursday. Leslie’s has a 12-month low of $1.91 and a 12-month high of $8.21. The firm’s fifty day moving average is $2.28 and its 200 day moving average is $2.70.

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

Hedge Funds Weigh In On Leslie’s

Several large investors have recently bought and sold shares of LESL. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Leslie’s in the 3rd quarter worth approximately $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. IHT Wealth Management LLC increased its holdings in Leslie’s by 52.6% during the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock worth $51,000 after buying an additional 5,776 shares during the last quarter. Integrated Investment Consultants LLC raised its position in Leslie’s by 36.1% in 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 period. Finally, Creative Planning purchased a new position in Leslie’s in the third quarter valued at about $77,000.

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.