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

Shares of Leslie's, Inc. (NASDAQ:LESL - Get Free Report) have been given an average recommendation of "Hold" by the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $3.61.

Several research firms have weighed in on LESL. William Blair reiterated a "market perform" rating on shares of Leslie's in a research report on Tuesday, November 26th. Robert W. Baird lowered their price target on shares of Leslie's from $4.00 to $3.50 and set a "neutral" rating on the stock in a research report on Tuesday, November 26th. Finally, Telsey Advisory Group cut 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 report on Tuesday, November 26th.

Institutional Trading of Leslie's

Large investors have recently made changes to their positions in the company. nVerses Capital LLC bought a new position in Leslie's in the second quarter valued at about $26,000. TD Asset Management Inc acquired a new stake in shares of Leslie's in the 2nd quarter valued at approximately $645,000. Los Angeles Capital Management LLC bought a new stake in shares of Leslie's during the 2nd quarter valued at approximately $57,000. Private Management Group Inc. increased its position in Leslie's by 93.8% during the 2nd quarter. Private Management Group Inc. now owns 2,516,739 shares of the company's stock worth $10,545,000 after purchasing an additional 1,218,047 shares in the last quarter. Finally, Federated Hermes Inc. bought a new position in Leslie's in the 2nd quarter valued at approximately $464,000.

Leslie's Stock Performance

LESL traded up $0.04 on Thursday, reaching $2.27. The company had a trading volume of 4,585,202 shares, compared to its average volume of 4,600,797. The stock has a market cap of $419.88 million, a P/E ratio of -18.92 and a beta of 1.12. Leslie's has a fifty-two week low of $2.02 and a fifty-two week high of $8.21. The company's fifty day moving average is $2.60 and its 200 day moving average is $2.96.

Leslie's (NASDAQ:LESL - Get Free Report) last posted its earnings results on Monday, November 25th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.09). The firm had revenue of $397.90 million during the quarter, compared to analyst estimates of $405.19 million. Leslie's had a negative net margin of 1.76% and a negative return on equity of 6.11%. Leslie's's revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 EPS. On average, sell-side analysts expect that Leslie's will post 0.08 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.