Leslie’s, Inc. (NASDAQ:LESL) Stock Has Average Price Target of $2.85

Leslie’s, Inc. (NASDAQ:LESL) has earned an average recommendation of “Reduce” from the seven ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $2.85.

LESL has been the topic of several recent analyst reports. Weiss Ratings cut Leslie’s from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, September 2nd. Wall Street Zen lowered Leslie’s from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd.

Institutional Investors Weigh In On Leslie’s

An institutional investor recently bought a new position in Leslie’s stock. Sei Investments Co. acquired a new stake in Leslie’s, Inc. (NASDAQ:LESL) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 54,851 shares of the company’s stock, valued at approximately $61,000. Sei Investments Co. owned approximately 0.59% of Leslie’s as of its most recent filing with the SEC.

Leslie’s Stock Performance

Leslie’s stock opened at $0.29 on Friday. The stock has a market cap of $2.74 million, a P/E ratio of -0.01 and a beta of 1.69. Leslie’s has a fifty-two week low of $0.25 and a fifty-two week high of $12.53. The firm’s fifty day moving average price is $0.83 and its 200-day moving average price is $2.75.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $3.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.86 by ($0.90). The company had revenue of $458.49 million during the quarter, compared to the consensus estimate of $503.22 million.

Leslie’s Company Profile

Leslie’s, Inc is a specialty retailer and service provider focused on swimming pool and spa care. The company sells a broad selection of pool and spa chemicals, cleaning supplies, equipment, replacement parts, safety products, outdoor living items and related accessories.

Leslie’s also provides services intended to help customers maintain and operate residential and commercial pools, including water testing, equipment installation, repair and maintenance support. Its customers include homeowners, pool professionals and commercial pool operators.

Founded in 1963, Leslie’s serves customers throughout the United States through its retail locations, e-commerce platform and professional sales channels.