Leslie's (NASDAQ:LESL) Downgraded to Underperform Rating by Bank of America

Bank of America cut shares of Leslie's (NASDAQ:LESL - Free Report) from a buy rating to an underperform rating in a research report report published on Tuesday morning, MarketBeat.com reports. The brokerage currently has $1.40 target price on the stock, down from their previous target price of $2.65.

Several other equities research analysts also recently issued reports on the stock. Telsey Advisory Group lowered their price objective on shares of Leslie's from $3.75 to $3.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Stifel Nicolaus lowered their price objective on shares of Leslie's from $1.90 to $1.55 and set a "sell" rating for the company in a research report on Friday, February 7th. Robert W. Baird reduced their target price on shares of Leslie's from $4.00 to $3.50 and set a "neutral" rating for the company in a report on Tuesday, November 26th. William Blair restated a "market perform" rating on shares of Leslie's in a report on Tuesday, November 26th. Finally, Mizuho reduced their target price on shares of Leslie's from $4.00 to $3.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $2.83.

Leslie's Trading Down 4.1 %

Shares of LESL stock traded down $0.06 during trading hours on Tuesday, hitting $1.42. 8,659,961 shares of the company were exchanged, compared to its average volume of 6,358,678. The business has a 50 day moving average of $2.05 and a two-hundred day moving average of $2.56. Leslie's has a 52 week low of $1.40 and a 52 week high of $8.05. The company has a market capitalization of $263.02 million, a PE ratio of -9.47 and a beta of 1.10.

Leslie's (NASDAQ:LESL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.23) earnings per share (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

Large investors have recently added to or reduced their stakes in the company. Mariner LLC bought a new position in shares of Leslie's in the fourth quarter valued at about $25,000. Wealth Enhancement Advisory Services LLC bought a new position in Leslie's in the 3rd quarter valued at about $32,000. Ground Swell Capital LLC acquired a new stake in shares of Leslie's in the 4th quarter valued at approximately $32,000. Blue Trust Inc. boosted its stake in shares of 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 purchasing an additional 10,144 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of Leslie's in the 4th quarter valued at approximately $38,000.

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.