Leslie's, Inc. (NASDAQ:LESL) Receives Average Recommendation of "Hold" from Analysts

Shares of Leslie's, Inc. (NASDAQ:LESL - Get Free Report) have been given an average recommendation of "Hold" by the ten brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight 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 ratings on the stock in the last year is $3.96.

LESL has been the topic of several analyst reports. Mizuho dropped their price target on shares of Leslie's from $6.00 to $4.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 6th. Loop Capital dropped their price target on shares of Leslie's from $6.00 to $3.00 and set a "hold" rating on the stock in a research report on Friday, July 19th. Piper Sandler dropped their price target on shares of Leslie's from $6.00 to $3.00 and set a "neutral" rating on the stock in a research report on Thursday, July 18th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $4.00 price target on shares of Leslie's in a research report on Tuesday, August 27th. Finally, Bank of America dropped 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 report on Thursday, July 18th.

Hedge Funds Weigh In On Leslie's

A number of hedge funds have recently bought and sold shares of the business. Ariel Investments LLC grew its stake in Leslie's by 46.5% during the second quarter. Ariel Investments LLC now owns 36,601,368 shares of the company's stock worth $153,360,000 after buying an additional 11,618,490 shares in the last quarter. Private Management Group Inc. boosted its stake in shares of Leslie's by 121.3% in the 3rd quarter. Private Management Group Inc. now owns 5,569,278 shares of the company's stock valued at $17,599,000 after purchasing an additional 3,052,539 shares in the last quarter. Squarepoint Ops LLC boosted its stake in shares of Leslie's by 1,300.5% in the 2nd quarter. Squarepoint Ops LLC now owns 1,187,916 shares of the company's stock valued at $4,977,000 after purchasing an additional 1,103,096 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Leslie's by 477.4% in the 2nd quarter. Marshall Wace LLP now owns 1,110,404 shares of the company's stock valued at $4,653,000 after purchasing an additional 918,084 shares in the last quarter. Finally, Perpetual Ltd acquired a new stake in shares of Leslie's in the 3rd quarter valued at approximately $1,787,000.

Leslie's Stock Down 1.4 %

LESL traded down $0.04 during trading hours on Wednesday, hitting $2.87. 2,939,343 shares of the company's stock were exchanged, compared to its average volume of 4,238,232. Leslie's has a 1-year low of $2.42 and a 1-year high of $8.21. The stock's 50-day moving average is $2.86 and its two-hundred day moving average is $3.59. The stock has a market cap of $530.69 million, a price-to-earnings ratio of 143.50, a PEG ratio of 2.03 and a beta of 1.19.

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.