Leslie’s, Inc. (NASDAQ:LESL) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Leslie’s, Inc. (NASDAQ:LESL) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $3.49.

A number of brokerages have recently issued reports on LESL. Robert W. Baird dropped their price objective on Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. Telsey Advisory Group restated a “market perform” rating and set a $3.75 price target on shares of Leslie’s in a report on Thursday. William Blair reiterated a “market perform” rating on shares of Leslie’s in a research note on Tuesday, November 26th. Finally, Mizuho cut their target price 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.

Institutional Investors Weigh In On Leslie’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LESL. Wealth Enhancement Advisory Services LLC bought a new stake in Leslie’s during the third quarter worth approximately $32,000. Blue Trust Inc. grew its position in shares of Leslie’s by 1,089.6% in the 3rd quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock worth $35,000 after buying an additional 10,144 shares during the last quarter. IHT Wealth Management LLC increased its holdings 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 in the last quarter. Integrated Investment Consultants LLC lifted its position in Leslie’s by 36.1% during the 3rd 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 acquired a new stake in shares of Leslie’s in the third quarter worth $77,000.

Leslie’s Stock Down 1.5 %

Shares of LESL stock opened at $2.02 on Monday. Leslie’s has a 12 month low of $1.91 and a 12 month high of $8.21. The company’s fifty day simple moving average is $2.28 and its 200-day simple moving average is $2.68. The firm has a market cap of $374.12 million, a PE ratio of -16.83 and a beta of 1.11.

Leslie’s (NASDAQ:LESL) last posted its quarterly earnings results on Monday, November 25th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $397.90 million for the quarter, compared to the consensus estimate of $405.19 million. The business’s revenue was down 8.0% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share. On average, equities analysts predict that Leslie’s will post 0.08 earnings per share for the current fiscal year.

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.