Leslie’s, Inc. (NASDAQ:LESL) Receives Average Rating of “Hold” from Brokerages

Shares of Leslie’s, Inc. (NASDAQ:LESL) have earned an average rating of “Hold” from the nine research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $3.49.

LESL has been the topic of several analyst reports. Robert W. Baird dropped their target price on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. Telsey Advisory Group decreased their price objective on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating for the company in a research note on Tuesday, November 26th. William Blair reissued a “market perform” rating on shares of Leslie’s in a research note on Tuesday, November 26th. Finally, Mizuho decreased their target price on Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Monday, January 6th.

Leslie’s Stock Performance

Shares of NASDAQ:LESL opened at $2.13 on Monday. The company has a market capitalization of $394.49 million, a PE ratio of -17.75 and a beta of 1.11. The stock has a fifty day moving average of $2.37 and a 200-day moving average of $2.74. Leslie’s has a one year low of $2.02 and a one year high of $8.21.

Leslie’s (NASDAQ:LESL) last announced its earnings results on Monday, November 25th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.09). The company had revenue of $397.90 million for the quarter, compared to analysts’ expectations of $405.19 million. Leslie’s had a negative net margin of 1.76% and a negative return on equity of 6.11%. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 earnings per share. As a group, research analysts forecast that Leslie’s will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Leslie’s

A number of hedge funds have recently modified their holdings of LESL. Wealth Enhancement Advisory Services LLC purchased a new position in Leslie’s in the third quarter valued at about $32,000. Blue Trust Inc. lifted its holdings in shares of Leslie’s by 1,089.6% during the 3rd quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock valued at $35,000 after buying an additional 10,144 shares during the last quarter. IHT Wealth Management LLC grew its stake in shares of Leslie’s by 52.6% in the 3rd quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock valued at $51,000 after buying an additional 5,776 shares in the last quarter. Integrated Investment Consultants LLC grew its stake in shares of Leslie’s by 36.1% in the 3rd quarter. Integrated Investment Consultants LLC now owns 21,500 shares of the company’s stock valued at $68,000 after buying an additional 5,700 shares in the last quarter. Finally, Creative Planning acquired a new position in Leslie’s in the third quarter worth approximately $77,000.

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.