Leslie’s’ (LESL) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Leslie’s (NASDAQ:LESL) in a research note issued to investors on Thursday, Benzinga reports. Telsey Advisory Group currently has a $6.00 price objective on the stock.

Other equities analysts also recently issued research reports about the company. Mizuho cut their price objective on Leslie’s from $7.00 to $6.00 and set a neutral rating for the company in a research report on Thursday. Loop Capital lifted their price objective on Leslie’s from $6.00 to $8.00 and gave the company a hold rating in a research report on Tuesday, March 5th. William Blair reiterated a market perform rating on shares of Leslie’s in a research report on Friday, February 2nd. Finally, Stifel Nicolaus lifted their price objective on Leslie’s from $5.40 to $6.30 and gave the company a hold rating in a research report on Friday, February 2nd. Ten equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Leslie’s presently has a consensus rating of Hold and an average target price of $6.26.

Leslie’s Stock Down 8.3 %

LESL traded down $0.43 during trading on Thursday, hitting $4.76. The company’s stock had a trading volume of 6,998,832 shares, compared to its average volume of 5,521,511. The firm’s 50 day moving average price is $5.70 and its two-hundred day moving average price is $6.12. Leslie’s has a 12 month low of $3.79 and a 12 month high of $11.15. The stock has a market capitalization of $878.27 million, a price-to-earnings ratio of 59.50, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06.

Institutional Investors Weigh In On Leslie’s

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ariel Investments LLC grew its stake in shares of Leslie’s by 50.6% during the third quarter. Ariel Investments LLC now owns 24,987,417 shares of the company’s stock worth $141,429,000 after purchasing an additional 8,398,488 shares during the period. Clarkston Capital Partners LLC grew its stake in shares of Leslie’s by 66.7% during the third quarter. Clarkston Capital Partners LLC now owns 15,862,297 shares of the company’s stock worth $89,781,000 after purchasing an additional 6,346,377 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Leslie’s by 55.1% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 17,115,836 shares of the company’s stock worth $96,876,000 after purchasing an additional 6,078,768 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Leslie’s during the third quarter worth $7,423,000. Finally, Natixis Advisors L.P. grew its stake in shares of Leslie’s by 136.6% during the fourth quarter. Natixis Advisors L.P. now owns 2,230,959 shares of the company’s stock worth $15,415,000 after purchasing an additional 1,288,013 shares during the period.

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.