Leslie’s (NASDAQ:LESL) Upgraded by Wall Street Zen to “Hold” Rating

Leslie’s (NASDAQ:LESL) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group set a $3.75 target price on shares of Leslie’s and gave the company a “hold” rating in a report on Wednesday, December 3rd. Telsey Advisory Group reissued a “market perform” rating and set a $3.00 price objective on shares of Leslie’s in a research note on Friday, November 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Leslie’s in a report on Wednesday, October 8th. Morgan Stanley set a $3.50 target price on 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 report on Thursday, October 2nd. Nine equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Leslie’s presently has a consensus rating of “Reduce” and a consensus target price of $23.81.

Leslie’s Price Performance

LESL opened at $1.80 on Friday. Leslie’s has a 12 month low of $1.73 and a 12 month high of $48.60. The business has a 50-day moving average of $3.19 and a two-hundred day moving average of $6.40. The stock has a market capitalization of $16.70 million, a price-to-earnings ratio of -0.07 and a beta of 1.32.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP lifted its stake in shares of Leslie’s by 309.7% during the second quarter. Engineers Gate Manager LP now owns 61,474 shares of the company’s stock worth $26,000 after purchasing an additional 46,468 shares in the last quarter. Pallas Capital Advisors LLC raised its holdings 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 buying an additional 40,100 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Leslie’s during the 2nd quarter valued at about $28,000. Catalyst Funds Management Pty Ltd acquired a new position in Leslie’s during the 2nd quarter worth approximately $36,000. Finally, Wealth Enhancement Advisory Services LLC boosted 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 during the period.

About Leslie’s

Leslie’s, Inc (NASDAQ: LESL) is the largest direct-to-consumer retailer of swimming pool supplies and related equipment in the United States. Through a network of more than 900 company-operated stores and a robust e-commerce platform, the company offers a comprehensive range of pool chemicals, cleaning tools, pumps, filters, heaters and pool accessories. In addition to product retailing, Leslie’s provides in-store and in-home water testing services, equipment installation, repair and ongoing maintenance programs designed to support both residential and commercial pool owners.

Founded in 1963 in North Miami Beach, Florida, Leslie’s has grown from a single neighborhood pool-supply shop into a national specialty retailer.