Brokerages Set Leslie's, Inc. (NASDAQ:LESL) PT at $3.61

Shares of Leslie's, Inc. (NASDAQ:LESL - Get Free Report) have been assigned an average rating of "Hold" from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $3.61.

Several equities research analysts have issued reports on LESL shares. Telsey Advisory Group decreased their price objective on shares of Leslie's from $4.00 to $3.75 and set a "market perform" rating for the company in a research note on Tuesday, November 26th. William Blair reaffirmed a "market perform" rating on shares of Leslie's in a research note on Tuesday, November 26th. Finally, Robert W. Baird cut their target price on shares of Leslie's from $4.00 to $3.50 and set a "neutral" rating for the company in a research note on Tuesday, November 26th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LESL. Price T Rowe Associates Inc. MD increased its holdings in shares of Leslie's by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 86,970 shares of the company's stock valued at $566,000 after acquiring an additional 6,101 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Leslie's by 85.5% in the second quarter. SG Americas Securities LLC now owns 85,464 shares of the company's stock worth $358,000 after acquiring an additional 39,390 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Leslie's by 32.2% in the second quarter. Wedge Capital Management L L P NC now owns 578,108 shares of the company's stock worth $2,422,000 after acquiring an additional 140,797 shares during the last quarter. Raymond James & Associates increased its position in Leslie's by 24.3% during the second quarter. Raymond James & Associates now owns 2,096,631 shares of the company's stock worth $8,785,000 after acquiring an additional 410,128 shares during the period. Finally, Raymond James Trust N.A. raised its stake in Leslie's by 22.8% during the 2nd quarter. Raymond James Trust N.A. now owns 96,850 shares of the company's stock valued at $406,000 after purchasing an additional 17,981 shares during the last quarter.

Leslie's Stock Performance

LESL stock traded up $0.14 during midday trading on Friday, hitting $2.36. 7,173,229 shares of the stock were exchanged, compared to its average volume of 6,086,239. The stock has a market cap of $436.53 million, a price-to-earnings ratio of -19.67 and a beta of 1.12. Leslie's has a fifty-two week low of $2.20 and a fifty-two week high of $8.21. The stock's 50-day moving average price is $2.77 and its 200-day moving average price is $3.33.

Leslie's (NASDAQ:LESL - Get Free Report) last issued its quarterly earnings results on Monday, November 25th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.09). Leslie's had a negative net margin of 1.76% and a negative return on equity of 6.11%. The business had revenue of $397.90 million during the quarter, compared to analyst estimates of $405.19 million. During the same quarter last year, the firm posted $0.14 earnings per share. The company's revenue was down 8.0% on a year-over-year basis. Research analysts anticipate that Leslie's will post 0.14 EPS for the current year.

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.