Leslie’s (NASDAQ:LESL) Given New $3.00 Price Target at The Goldman Sachs Group

Leslie’s (NASDAQ:LESL) had its price target cut by research analysts at The Goldman Sachs Group from $4.00 to $3.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 78.57% from the company’s current price.

A number of other equities analysts have also issued reports on the company. Guggenheim reissued a “neutral” rating on shares of Leslie’s in a report on Friday, February 7th. Robert W. Baird dropped their target price on Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. William Blair reiterated a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. Mizuho cut their price target on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Finally, Stifel Nicolaus lowered their price objective on Leslie’s from $1.90 to $1.55 and set a “sell” rating on the stock in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $3.24.

Leslie’s Stock Down 4.0 %

Shares of LESL stock opened at $1.68 on Tuesday. The firm has a 50 day moving average of $2.18 and a two-hundred day moving average of $2.63. The stock has a market capitalization of $311.18 million, a PE ratio of -11.20 and a beta of 1.10. Leslie’s has a 52 week low of $1.56 and a 52 week high of $8.05.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.23) 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%. Analysts expect that Leslie’s will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Leslie’s

A number of hedge funds and other institutional investors have recently modified their holdings of LESL. AQR Capital Management LLC acquired a new stake in shares of Leslie’s during the second quarter worth $212,000. The Manufacturers Life Insurance Company boosted its stake in Leslie’s by 6.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 81,345 shares of the company’s stock worth $341,000 after buying an additional 4,798 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Leslie’s in the 2nd quarter valued at about $244,000. Exchange Traded Concepts LLC acquired a new position in shares of Leslie’s during the 3rd quarter valued at about $321,000. Finally, Creative Planning purchased a new position in shares of Leslie’s during the 3rd quarter worth 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.