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

Leslie’s, Inc. (NASDAQ:LESL) has earned a consensus recommendation of “Reduce” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $2.85.

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

Institutional Trading of Leslie’s

An institutional investor recently raised its position in Leslie’s stock. Performa Ltd US LLC boosted its holdings in Leslie’s, Inc. (NASDAQ:LESL) by 27.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 148,000 shares of the company’s stock after purchasing an additional 31,900 shares during the period. Leslie’s comprises 0.0% of Performa Ltd US LLC’s portfolio, making the stock its 18th largest position. Performa Ltd US LLC owned 1.59% of Leslie’s worth $166,000 as of its most recent SEC filing.

Leslie’s Price Performance

LESL opened at $0.10 on Friday. The firm’s 50 day moving average is $0.26 and its 200-day moving average is $2.06. Leslie’s has a 52-week low of $0.09 and a 52-week high of $12.53. The firm has a market capitalization of $955,332.00, a P/E ratio of -0.00 and a beta of 1.76.

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

About Leslie’s

Leslie’s, Inc is a specialty retailer focused on swimming pool and spa care. The company sells pool chemicals, cleaning and maintenance supplies, equipment, replacement parts, safety products, outdoor living products and related merchandise to residential and commercial customers.

Leslie’s operates through a network of retail stores and an e-commerce platform, offering products from major manufacturers as well as proprietary brands. Its services include water testing, equipment installation, repair and maintenance support, helping customers maintain pools and spas throughout their useful life.

Founded in 1963, Leslie’s serves customers primarily in the United States.