Leslie’s (NASDAQ:LESL) Stock Price Down 6.2%

Leslie’s, Inc. (NASDAQ:LESL)’s share price dropped 6.2% during mid-day trading on Monday . The company traded as low as $3.93 and last traded at $3.93. Approximately 1,206,523 shares changed hands during trading, a decline of 67% from the average daily volume of 3,645,403 shares. The stock had previously closed at $4.19.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. 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. Telsey Advisory Group restated a “market perform” rating and issued a $6.00 target price on shares of Leslie’s in a research note on Thursday, May 9th. Finally, Mizuho decreased their price target on shares of Leslie’s from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Ten investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.26.

Leslie’s Price Performance

The company’s 50-day moving average is $4.79 and its 200-day moving average is $6.03. The firm has a market capitalization of $672.45 million, a price-to-earnings ratio of 47.00, a PEG ratio of 0.62 and a beta of 1.16.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.18) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.18). The business had revenue of $188.66 million during the quarter, compared to analyst estimates of $202.69 million. Leslie’s had a net margin of 1.06% and a negative return on equity of 12.55%. Sell-side analysts anticipate that Leslie’s, Inc. will post 0.25 earnings per share for the current year.

Hedge Funds Weigh In On Leslie’s

Several hedge funds have recently made changes to their positions in LESL. Blueshift Asset Management LLC boosted its holdings in shares of Leslie’s by 9.0% in the fourth quarter. Blueshift Asset Management LLC now owns 16,787 shares of the company’s stock worth $116,000 after buying an additional 1,385 shares during the period. ProShare Advisors LLC increased its holdings in Leslie’s by 7.4% in the first quarter. ProShare Advisors LLC now owns 35,967 shares of the company’s stock worth $234,000 after buying an additional 2,473 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in Leslie’s by 1.7% in the 1st quarter. Texas Permanent School Fund Corp now owns 160,928 shares of the company’s stock worth $1,046,000 after purchasing an additional 2,710 shares during the last quarter. Wealth Alliance grew its position in shares of Leslie’s by 17.4% in the fourth quarter. Wealth Alliance now owns 20,393 shares of the company’s stock valued at $141,000 after purchasing an additional 3,023 shares during the last quarter. Finally, Diversified Trust Co boosted its position in shares of Leslie’s by 4.1% in the first quarter. Diversified Trust Co now owns 82,092 shares of the company’s stock valued at $534,000 after acquiring an additional 3,200 shares during the period.

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.