Leslie’s, Inc. (NASDAQ:LESL) Given Consensus Rating of “Reduce” by Analysts

Shares of Leslie’s, Inc. (NASDAQ:LESL) have been given a consensus recommendation of “Reduce” by the eleven analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $23.8056.

A number of brokerages have recently weighed in on LESL. Weiss Ratings restated a “sell (d-)” rating on shares of Leslie’s in a research note on Wednesday, October 8th. Mizuho set a $5.00 target price on Leslie’s in a research report on Thursday, October 16th. Jefferies Financial Group set a $3.75 price target on shares of Leslie’s and gave the company a “hold” rating in a report on Wednesday, December 3rd. Morgan Stanley set a $3.50 target price on shares of Leslie’s in a research report on Wednesday, December 10th. Finally, Zacks Research raised Leslie’s from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd.

Leslie’s Price Performance

Shares of LESL opened at $1.98 on Thursday. Leslie’s has a one year low of $1.96 and a one year high of $48.60. The stock has a 50-day moving average of $3.29 and a 200-day moving average of $6.58. The company has a market cap of $18.37 million, a PE ratio of -0.08 and a beta of 1.32.

Institutional Investors Weigh In On Leslie’s

Hedge funds and other institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP raised its holdings in Leslie’s by 309.7% in the second quarter. Engineers Gate Manager LP now owns 61,474 shares of the company’s stock worth $26,000 after buying an additional 46,468 shares during the last quarter. Pallas Capital Advisors LLC increased its position in shares of Leslie’s by 168.6% during the 2nd quarter. Pallas Capital Advisors LLC now owns 63,888 shares of the company’s stock valued at $27,000 after purchasing an additional 40,100 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Leslie’s in the second quarter worth approximately $28,000. Catalyst Funds Management Pty Ltd purchased a new position in Leslie’s during the second quarter valued at $36,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Leslie’s by 136.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 88,094 shares of the company’s stock worth $37,000 after acquiring an additional 50,815 shares in the last quarter.

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.