Leslie’s (NASDAQ:LESL) Price Target Lowered to $3.00 at Mizuho

Leslie’s (NASDAQ:LESL) had its price target dropped by research analysts at Mizuho from $4.00 to $3.00 in a report released on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price target indicates a potential upside of 35.14% from the stock’s previous close.

LESL has been the subject of several other reports. Telsey Advisory Group cut their price objective on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating for the company in a research report on Tuesday, November 26th. Robert W. Baird cut their price target on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Finally, William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $3.49.

Leslie’s Trading Down 3.1 %

LESL stock opened at $2.22 on Monday. The firm has a 50-day moving average of $2.56 and a two-hundred day moving average of $2.89. Leslie’s has a 12 month low of $2.02 and a 12 month high of $8.21. The company has a market cap of $410.63 million, a price-to-earnings ratio of -18.50 and a beta of 1.11.

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

Hedge Funds Weigh In On Leslie’s

Several institutional investors have recently modified their holdings of LESL. JPMorgan Chase & Co. raised its stake in shares of Leslie’s by 142.5% in the third quarter. JPMorgan Chase & Co. now owns 586,926 shares of the company’s stock valued at $1,855,000 after acquiring an additional 344,873 shares in the last quarter. Virtu Financial LLC raised its position in Leslie’s by 205.3% in the 3rd quarter. Virtu Financial LLC now owns 48,496 shares of the company’s stock valued at $153,000 after purchasing an additional 32,611 shares in the last quarter. Barclays PLC boosted its stake in shares of Leslie’s by 125.1% in the 3rd quarter. Barclays PLC now owns 399,169 shares of the company’s stock valued at $1,260,000 after buying an additional 221,809 shares during the period. XTX Topco Ltd grew its position in shares of Leslie’s by 1,219.6% during the third quarter. XTX Topco Ltd now owns 336,539 shares of the company’s stock worth $1,063,000 after buying an additional 311,035 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new stake in shares of Leslie’s during the third quarter worth approximately $6,470,000.

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.