Leslie’s, Inc. (NASDAQ:LESL) Receives $2.85 Average PT from Analysts

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

Several brokerages have issued reports on LESL. Weiss Ratings reissued a “sell (e+)” rating on shares of Leslie’s in a research note on Thursday, June 18th. Wolfe Research reiterated an “outperform” rating and set a $3.00 price target (up from $2.00) on shares of Leslie’s in a report on Thursday, May 14th. Zacks Research raised Leslie’s from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Wall Street Zen upgraded Leslie’s from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Finally, Mizuho lowered their target price on Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Friday, May 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LESL. Goldman Sachs Group Inc. raised its holdings in Leslie’s by 16.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 102,428 shares of the company’s stock worth $169,000 after acquiring an additional 14,840 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Leslie’s in the fourth quarter valued at about $29,000. Quadrature Capital Ltd bought a new position in shares of Leslie’s in the fourth quarter worth about $34,000. Barclays PLC bought a new position in shares of Leslie’s in the fourth quarter worth about $35,000. Finally, Clearfield Capital Management LP acquired a new position in shares of Leslie’s during the 3rd quarter worth about $170,000.

Leslie’s Price Performance

Leslie’s stock opened at $6.24 on Monday. The firm’s 50 day simple moving average is $5.63 and its 200-day simple moving average is $2.89. The company has a market cap of $58.40 million, a P/E ratio of -0.21 and a beta of 1.65. Leslie’s has a fifty-two week low of $0.87 and a fifty-two week high of $13.57.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($5.36) EPS for the quarter, missing the consensus estimate of ($4.41) by ($0.95). The company had revenue of $184.74 million for the quarter, compared to analyst estimates of $162.48 million. On average, analysts expect that Leslie’s will post -2.77 EPS for the current fiscal year.

About Leslie’s

Leslie’s, Inc (NASDAQ: LESL) is the largest direct-to-consumer retailer of swimming pool supplies and related equipment in the United States. Through a network of more than 900 company-operated stores and a robust e-commerce platform, the company offers a comprehensive range of pool chemicals, cleaning tools, pumps, filters, heaters and pool accessories. In addition to product retailing, Leslie’s provides in-store and in-home water testing services, equipment installation, repair and ongoing maintenance programs designed to support both residential and commercial pool owners.

Founded in 1963 in North Miami Beach, Florida, Leslie’s has grown from a single neighborhood pool-supply shop into a national specialty retailer.