Leslie's (NASDAQ:LESL) Given New $1.55 Price Target at Stifel Nicolaus

Leslie's (NASDAQ:LESL - Get Free Report) had its price target lowered by analysts at Stifel Nicolaus from $1.90 to $1.55 in a report issued on Friday,Benzinga reports. The brokerage presently has a "sell" rating on the stock. Stifel Nicolaus' target price would suggest a potential downside of 9.09% from the stock's previous close.

Several other brokerages have also recently commented on LESL. Telsey Advisory Group reduced their price target on shares of Leslie's from $3.75 to $3.00 and set a "market perform" rating on the stock in a research report on Friday. William Blair reaffirmed a "market perform" rating on shares of Leslie's in a report on Tuesday, November 26th. Robert W. Baird lowered their target price on Leslie's from $4.00 to $3.50 and set a "neutral" rating for the company in a report on Tuesday, November 26th. Finally, Mizuho lowered their price objective on Leslie's from $4.00 to $3.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $3.24.

Leslie's Stock Up 6.2 %

Shares of Leslie's stock traded up $0.10 during trading hours on Friday, hitting $1.71. 5,066,304 shares of the company's stock traded hands, compared to its average volume of 5,767,183. Leslie's has a twelve month low of $1.56 and a twelve month high of $8.21. The company has a market cap of $315.78 million, a PE ratio of -11.37 and a beta of 1.10. The stock has a 50 day simple moving average of $2.21 and a 200-day simple moving average of $2.64.

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 for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.02). Leslie's had a negative net margin of 2.13% and a negative return on equity of 6.11%. As a group, equities research analysts predict that Leslie's will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Leslie's

Several large investors have recently bought and sold shares of LESL. State Street Corp boosted its holdings in shares of Leslie's by 7.7% in the third quarter. State Street Corp now owns 8,406,377 shares of the company's stock valued at $26,564,000 after acquiring an additional 601,177 shares in the last quarter. Private Management Group Inc. boosted its stake in Leslie's by 121.3% during 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 in the last quarter. Lind Value II ApS acquired a new position in shares of Leslie's during the 4th quarter valued at $10,258,000. Allspring Global Investments Holdings LLC raised its stake in shares of Leslie's by 9.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,136,076 shares of the company's stock worth $6,993,000 after buying an additional 258,686 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of Leslie's in the third quarter valued at $6,470,000.

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.