Telsey Advisory Group Reaffirms Market Perform Rating for Leslie’s (NASDAQ:LESL)

Telsey Advisory Group reaffirmed their market perform rating on shares of Leslie’s (NASDAQ:LESL) in a research report released on Tuesday, Benzinga reports. They currently have a $4.00 target price on the stock.

Several other analysts have also recently commented on the company. Loop Capital lowered their target price on Leslie’s from $6.00 to $3.00 and set a hold rating on the stock in a research report on Friday, July 19th. Bank of America cut their price objective on shares of Leslie’s from $6.40 to $5.15 and set a buy rating on the stock in a research note on Thursday, July 18th. Mizuho decreased their target price on shares of Leslie’s from $6.00 to $4.00 and set a neutral rating for the company in a research report on Tuesday, August 6th. Stifel Nicolaus downgraded shares of Leslie’s from a hold rating to a sell rating and dropped their price target for the stock from $5.25 to $2.50 in a research report on Thursday, July 18th. Finally, Piper Sandler reduced their price target on shares of Leslie’s from $6.00 to $3.00 and set a neutral rating for the company in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average target price of $3.96.

Leslie’s Stock Performance

Leslie’s stock opened at $3.02 on Tuesday. Leslie’s has a 1 year low of $2.42 and a 1 year high of $8.21. The firm’s 50-day moving average is $3.26 and its 200-day moving average is $4.91. The company has a market cap of $557.92 million, a P/E ratio of 37.75, a PEG ratio of 4.51 and a beta of 1.16.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Leslie’s had a negative return on equity of 12.55% and a net margin of 1.06%. The business had revenue of $569.64 million for the quarter, compared to analysts’ expectations of $569.99 million. During the same period in the prior year, the firm earned $0.40 EPS. The business’s quarterly revenue was down 6.8% on a year-over-year basis. As a group, sell-side analysts predict that Leslie’s will post 0.07 earnings per share for the current year.

Institutional Trading of Leslie’s

A number of large investors have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB boosted its position in shares of Leslie’s by 59.4% in the 4th quarter. Handelsbanken Fonder AB now owns 40,800 shares of the company’s stock valued at $282,000 after purchasing an additional 15,200 shares during the period. New York State Common Retirement Fund raised its holdings in Leslie’s by 57.1% during the 4th quarter. New York State Common Retirement Fund now owns 238,407 shares of the company’s stock worth $1,647,000 after buying an additional 86,634 shares during the period. Victory Capital Management Inc. lifted its stake in Leslie’s by 6.6% during the fourth quarter. Victory Capital Management Inc. now owns 63,449 shares of the company’s stock valued at $438,000 after buying an additional 3,947 shares in the last quarter. Natixis Advisors L.P. boosted its holdings in shares of Leslie’s by 136.6% in the fourth quarter. Natixis Advisors L.P. now owns 2,230,959 shares of the company’s stock worth $15,415,000 after buying an additional 1,288,013 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Leslie’s by 12.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,858,936 shares of the company’s stock worth $12,845,000 after acquiring an additional 201,082 shares in the last quarter.

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.