Leslie’s (NASDAQ:LESL) Shares Down 5.5%

Leslie’s, Inc. (NASDAQ:LESL)’s share price traded down 5.5% on Wednesday . The stock traded as low as $4.32 and last traded at $4.32. 505,463 shares changed hands during trading, a decline of 83% from the average session volume of 2,937,501 shares. The stock had previously closed at $4.57.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Telsey Advisory Group restated a “market perform” rating and set a $6.00 target price on shares of Leslie’s in a research note on Friday, February 2nd. Stifel Nicolaus raised their target price on Leslie’s from $5.40 to $6.30 and gave the company a “hold” rating in a research note on Friday, February 2nd. William Blair restated a “market perform” rating on shares of Leslie’s in a research note on Friday, February 2nd. Mizuho assumed coverage on Leslie’s in a research note on Tuesday, March 19th. They set a “neutral” rating and a $7.00 target price for the company. Finally, Loop Capital lifted their price target on Leslie’s from $6.00 to $8.00 and gave the stock a “hold” rating in a research note on Tuesday, March 5th. Ten analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.37.

Leslie’s Price Performance

The stock’s fifty day simple moving average is $6.29 and its 200-day simple moving average is $6.17. The stock has a market cap of $736.19 million, a P/E ratio of 39.90, a PEG ratio of 0.66 and a beta of 0.90.

Leslie’s (NASDAQ:LESL) last issued its earnings results on Thursday, February 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.01. Leslie’s had a net margin of 1.25% and a negative return on equity of 15.00%. The firm had revenue of $173.96 million for the quarter, compared to analysts’ expectations of $169.17 million. Analysts forecast that Leslie’s, Inc. will post 0.23 EPS for the current year.

Institutional Investors Weigh In On Leslie’s

Hedge funds have recently made changes to their positions in the business. Profund Advisors LLC bought a new stake in shares of Leslie’s during the third quarter valued at approximately $58,000. RPO LLC bought a new stake in shares of Leslie’s during the fourth quarter valued at approximately $84,000. Pathstone Family Office LLC bought a new stake in shares of Leslie’s during the third quarter valued at approximately $69,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Leslie’s during the third quarter valued at approximately $74,000. Finally, GAMMA Investing LLC bought a new stake in shares of Leslie’s during the fourth quarter valued at approximately $101,000.

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.