Leslie’s, Inc. (NASDAQ:LESL) Given Average Recommendation of “Hold” by Brokerages

Shares of Leslie’s, Inc. (NASDAQ:LESL) have been assigned an average recommendation of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $3.96.

LESL has been the subject of a number of recent analyst reports. Loop Capital cut their price objective on Leslie’s from $6.00 to $3.00 and set a “hold” rating for the company in a research report on Friday, July 19th. Jefferies Financial Group reduced their price objective on shares of Leslie’s from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Wednesday, July 10th. Piper Sandler decreased their price objective on shares of Leslie’s from $6.00 to $3.00 and set a “neutral” rating on the stock in a report on Thursday, July 18th. Telsey Advisory Group reissued a “market perform” rating and set a $4.00 target price on shares of Leslie’s in a research note on Tuesday, August 27th. Finally, Bank of America decreased their price target on shares of Leslie’s from $6.40 to $5.15 and set a “buy” rating on the stock in a research note on Thursday, July 18th.

Leslie’s Stock Performance

LESL stock opened at $3.16 on Tuesday. Leslie’s has a one year low of $2.42 and a one year high of $8.21. The firm’s fifty day moving average is $2.95 and its 200 day moving average is $4.19. The firm has a market cap of $583.79 million, a PE ratio of 39.50, a P/E/G ratio of 8.30 and a beta of 1.17.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $569.64 million during the quarter, compared to analyst estimates of $569.99 million. Leslie’s had a negative return on equity of 6.11% and a net margin of 0.22%. Leslie’s’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 EPS. Research analysts predict that Leslie’s will post 0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LESL. Blueshift Asset Management LLC grew its holdings in Leslie’s by 9.0% in the 4th quarter. Blueshift Asset Management LLC now owns 16,787 shares of the company’s stock valued at $116,000 after buying an additional 1,385 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Leslie’s by 7.4% during the first quarter. ProShare Advisors LLC now owns 35,967 shares of the company’s stock worth $234,000 after buying an additional 2,473 shares during the period. Texas Permanent School Fund Corp lifted its holdings in Leslie’s by 1.7% during the 1st quarter. Texas Permanent School Fund Corp now owns 160,928 shares of the company’s stock worth $1,046,000 after buying an additional 2,710 shares in the last quarter. Diversified Trust Co boosted its holdings in Leslie’s by 4.1% in the first quarter. Diversified Trust Co now owns 82,092 shares of the company’s stock valued at $534,000 after purchasing an additional 3,200 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Leslie’s by 6.3% during the second quarter. The Manufacturers Life Insurance Company now owns 81,345 shares of the company’s stock worth $341,000 after buying an additional 4,798 shares during the period.

About Leslie’s

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.