Leslie's, Inc. (NASDAQ:LESL) Given Average Rating of "Hold" by Brokerages

Shares of Leslie's, Inc. (NASDAQ:LESL - Get Free Report) have been given a consensus rating of "Hold" by the nine research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $3.49.

LESL has been the subject of a number of recent research reports. William Blair reiterated a "market perform" rating on shares of Leslie's in a research note on Tuesday, November 26th. Telsey Advisory Group decreased their price target on Leslie's from $4.00 to $3.75 and set a "market perform" rating for the company in a report on Tuesday, November 26th. Mizuho dropped their price objective on shares of Leslie's from $4.00 to $3.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Finally, Robert W. Baird decreased 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 Trading of Leslie's

Institutional investors have recently modified their holdings of the stock. State Street Corp lifted its stake in Leslie's by 7.7% in the 3rd quarter. State Street Corp now owns 8,406,377 shares of the company's stock valued at $26,564,000 after buying an additional 601,177 shares in the last quarter. Private Management Group Inc. raised its stake in 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 during the last quarter. Lind Value II ApS purchased a new position in Leslie's in the 4th quarter valued at $10,258,000. Allspring Global Investments Holdings LLC boosted its stake in Leslie's by 13.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,877,390 shares of the company's stock worth $9,093,000 after purchasing an additional 345,064 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new stake in shares of Leslie's during the third quarter worth $6,470,000.

Leslie's Stock Up 0.5 %

Shares of Leslie's stock traded up $0.01 on Monday, reaching $2.14. 5,277,137 shares of the stock were exchanged, compared to its average volume of 4,779,477. The business has a 50 day moving average price of $2.35 and a two-hundred day moving average price of $2.73. The firm has a market capitalization of $396.35 million, a price-to-earnings ratio of -17.83 and a beta of 1.11. Leslie's has a twelve month low of $2.02 and a twelve month high of $8.21.

Leslie's (NASDAQ:LESL - Get Free Report) last announced its quarterly earnings data on Monday, November 25th. The company reported $0.02 EPS 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 for the quarter, compared to analyst estimates of $405.19 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The business's revenue was down 8.0% on a year-over-year basis. Research analysts forecast 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.