Telsey Advisory Group Reaffirms Market Perform Rating for Leslie's (NASDAQ:LESL)

Leslie's (NASDAQ:LESL - Get Free Report)'s stock had its "market perform" rating reiterated by stock analysts at Telsey Advisory Group in a report released on Thursday,Benzinga reports. They presently have a $3.75 price objective on the stock. Telsey Advisory Group's target price suggests a potential upside of 81.60% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on LESL. Robert W. Baird dropped their price objective on Leslie's from $4.00 to $3.50 and set a "neutral" rating on the stock in a research note on Tuesday, November 26th. Mizuho cut their price target on shares of Leslie's from $4.00 to $3.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Finally, William Blair reissued a "market perform" rating on shares of Leslie's in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $3.49.

Leslie's Stock Performance

NASDAQ LESL traded up $0.05 on Thursday, reaching $2.07. The company had a trading volume of 3,638,568 shares, compared to its average volume of 4,861,967. The company's fifty day moving average is $2.28 and its 200-day moving average is $2.68. Leslie's has a 1-year low of $1.91 and a 1-year high of $8.21. The firm has a market capitalization of $382.46 million, a price-to-earnings ratio of -17.38 and a beta of 1.10.

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). The business had revenue of $397.90 million for the quarter, compared to the consensus estimate of $405.19 million. Leslie's had a negative return on equity of 6.11% and a negative net margin of 1.76%. Leslie's's revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share. On average, research analysts forecast that Leslie's will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Leslie's

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in Leslie's in the 3rd quarter worth about $32,000. Blue Trust Inc. raised its holdings in Leslie's by 1,089.6% in the 3rd quarter. Blue Trust Inc. now owns 11,075 shares of the company's stock valued at $35,000 after acquiring an additional 10,144 shares in the last quarter. IHT Wealth Management LLC lifted its position in shares of Leslie's by 52.6% during 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 period. Integrated Investment Consultants LLC lifted its position in shares of Leslie's by 36.1% during the 3rd quarter. Integrated Investment Consultants LLC now owns 21,500 shares of the company's stock valued at $68,000 after acquiring an additional 5,700 shares during the period. Finally, Creative Planning acquired a new stake in shares of Leslie's during the 3rd quarter worth $77,000.

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.