Leslie's, Inc. (NASDAQ:LESL) Receives $2.65 Average Price Target from Analysts

Leslie's, Inc. (NASDAQ:LESL - Get Free Report) has been given an average recommendation of "Reduce" by the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $2.65.

Several brokerages have recently issued reports on LESL. Bank of America cut Leslie's from a "buy" rating to an "underperform" rating and reduced their target price for the stock from $2.65 to $1.40 in a report on Tuesday, February 18th. Stifel Nicolaus reduced their price objective on Leslie's from $1.90 to $1.55 and set a "sell" rating on the stock in a research note on Friday, February 7th. Morgan Stanley lowered their target price on Leslie's from $3.00 to $1.50 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. The Goldman Sachs Group reduced their price target on shares of Leslie's from $4.00 to $3.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 11th. Finally, Mizuho lowered their price objective on shares of Leslie's from $4.00 to $3.00 and set a "neutral" rating for the company in a research report on Monday, January 6th.

Leslie's Stock Down 1.8 %

LESL stock traded down $0.01 during midday trading on Tuesday, hitting $0.78. The company's stock had a trading volume of 9,658,725 shares, compared to its average volume of 5,522,901. Leslie's has a 12 month low of $0.75 and a 12 month high of $7.70. The company has a 50 day moving average of $1.57 and a two-hundred day moving average of $2.30. The firm has a market capitalization of $145.18 million, a price-to-earnings ratio of -5.23 and a beta of 1.20.

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Leslie's (NASDAQ:LESL - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.02). Leslie's had a negative return on equity of 6.11% and a negative net margin of 2.13%.

Institutional Trading of Leslie's

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mariner LLC bought a new position in shares of Leslie's during the fourth quarter valued at approximately $25,000. Ground Swell Capital LLC bought a new position in Leslie's in the 4th quarter valued at $32,000. IHT Wealth Management LLC grew its position in Leslie's by 52.6% in the 3rd quarter. IHT Wealth Management LLC now owns 16,760 shares of the company's stock valued at $51,000 after acquiring an additional 5,776 shares during the last quarter. Cibc World Markets Corp purchased a new stake in Leslie's in the fourth quarter worth $38,000. Finally, Two Sigma Advisers LP bought a new stake in shares of Leslie's during the fourth quarter worth $39,000.

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.