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

Shares of Leslie’s, Inc. (NASDAQ:LESL) have been assigned a consensus rating of “Hold” from the ten research firms that are covering the stock, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating. The average 1 year price target among brokers that have issued a report on the stock in the last year is $6.37.

Several research firms recently weighed in on LESL. Stifel Nicolaus upped their price target on Leslie’s from $5.40 to $6.30 and gave the company a “hold” rating in a research report on Friday, February 2nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $6.00 target price on shares of Leslie’s in a report on Friday, February 2nd. Mizuho initiated coverage on shares of Leslie’s in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $7.00 price target for the company. Loop Capital boosted their price objective on shares of Leslie’s from $6.00 to $8.00 and gave the company a “hold” rating in a research report on Tuesday, March 5th. Finally, William Blair reiterated a “market perform” rating on shares of Leslie’s in a research note on Friday, February 2nd.

Institutional Trading of Leslie’s

Several large investors have recently added to or reduced their stakes in the business. Profund Advisors LLC acquired a new stake in shares of Leslie’s in the 3rd quarter valued at $58,000. RPO LLC bought a new position in Leslie’s during the fourth quarter valued at about $84,000. Pathstone Family Office LLC acquired a new stake in shares of Leslie’s in the third quarter worth about $69,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Leslie’s during the 3rd quarter worth about $74,000. Finally, GAMMA Investing LLC acquired a new position in shares of Leslie’s during the 4th quarter valued at about $101,000.

Leslie’s Price Performance

LESL stock opened at $3.99 on Friday. The firm has a market capitalization of $736.21 million, a P/E ratio of 39.90, a P/E/G ratio of 0.66 and a beta of 0.90. Leslie’s has a 52-week low of $3.88 and a 52-week high of $11.68. The company’s 50 day simple moving average is $6.29 and its 200-day simple moving average is $6.17.

Leslie’s (NASDAQ:LESL) last announced its earnings results on Thursday, February 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.01. The company had revenue of $173.96 million for the quarter, compared to the consensus estimate of $169.17 million. Leslie’s had a net margin of 1.25% and a negative return on equity of 15.00%. Sell-side analysts predict that Leslie’s will post 0.23 EPS for the current fiscal year.

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.