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

Leslie’s, Inc. (NASDAQ:LESL) has earned a consensus rating of “Reduce” from the eleven analysts that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $19.0313.

Several equities research analysts recently weighed in on LESL shares. Mizuho set a $5.00 price target on Leslie’s in a research report on Thursday, October 16th. Wall Street Zen cut shares of Leslie’s from a “hold” rating to a “sell” rating in a report on Sunday, December 28th. Morgan Stanley set a $1.50 price target on shares of Leslie’s and gave the stock an “underweight” rating in a research note on Thursday, January 15th. Jefferies Financial Group set a $3.75 price objective on shares of Leslie’s and gave the stock a “hold” rating in a research note on Wednesday, December 3rd. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $3.00 price objective on shares of Leslie’s in a report on Friday, November 28th.

Leslie’s Stock Performance

Leslie’s stock opened at $1.20 on Friday. Leslie’s has a fifty-two week low of $1.19 and a fifty-two week high of $46.40. The stock’s 50 day simple moving average is $1.94 and its two-hundred day simple moving average is $4.32. The stock has a market cap of $11.18 million, a price-to-earnings ratio of -0.05 and a beta of 1.30.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in Leslie’s in the fourth quarter worth $29,000. Clearfield Capital Management LP bought a new position in Leslie’s in the 3rd quarter worth about $170,000. GSA Capital Partners LLP purchased a new stake in Leslie’s during the 3rd quarter valued at about $950,000. Scopia Capital Management LP bought a new stake in Leslie’s during the 2nd quarter valued at about $41,000. Finally, Man Group plc increased its stake in Leslie’s by 87.1% during the 2nd quarter. Man Group plc now owns 1,016,078 shares of the company’s stock valued at $427,000 after purchasing an additional 473,148 shares in the last quarter.

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.