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

Leslie’s (NASDAQ:LESLGet Free Report)‘s stock had its “market perform” rating reaffirmed by stock analysts at Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They currently have a $3.75 price target on the stock. Telsey Advisory Group’s price target suggests a potential upside of 90.36% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Mizuho dropped their target price on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Robert W. Baird dropped their target price on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Finally, William Blair reissued a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Leslie’s presently has a consensus rating of “Hold” and an average target price of $3.49.

Get Our Latest Stock Report on LESL

Leslie’s Stock Performance

Shares of Leslie’s stock opened at $1.97 on Thursday. The company has a market capitalization of $364.86 million, a P/E ratio of -16.42 and a beta of 1.11. The company has a fifty day moving average of $2.32 and a 200 day moving average of $2.71. Leslie’s has a fifty-two week low of $1.91 and a fifty-two week high of $8.21.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LESL. Wealth Enhancement Advisory Services LLC bought a new position in shares of Leslie’s in the 3rd quarter valued at about $32,000. Blue Trust Inc. lifted its holdings in shares of Leslie’s by 1,089.6% in the 3rd quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock valued at $35,000 after acquiring an additional 10,144 shares during the last quarter. IHT Wealth Management LLC lifted its holdings 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 acquiring an additional 5,776 shares during the last quarter. Integrated Investment Consultants LLC lifted its holdings 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 acquiring an additional 5,700 shares during the last quarter. Finally, Creative Planning bought a new position in shares of Leslie’s in the 3rd quarter valued at about $77,000.

Leslie’s Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Leslie's (NASDAQ:LESL)

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