The Goldman Sachs Group Issues Pessimistic Forecast for Leslie's (NASDAQ:LESL) Stock Price

Leslie's (NASDAQ:LESL - Free Report) had its price target trimmed by The Goldman Sachs Group from $4.00 to $3.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

LESL has been the topic of a number of other research reports. Telsey Advisory Group dropped their price target on Leslie's from $3.75 to $3.00 and set a "market perform" rating on the stock in a research note on Friday, February 7th. Mizuho dropped their price target on Leslie's from $4.00 to $3.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Stifel Nicolaus dropped their price target 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. Guggenheim restated a "neutral" rating on shares of Leslie's in a research note on Friday, February 7th. Finally, Robert W. Baird dropped their price target 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $3.24.

Leslie's Trading Down 1.6 %

Shares of Leslie's stock traded down $0.03 on Tuesday, reaching $1.57. 4,763,443 shares of the company were exchanged, compared to its average volume of 5,964,283. Leslie's has a one year low of $1.56 and a one year high of $8.05. The company has a market capitalization of $289.85 million, a price-to-earnings ratio of -10.50 and a beta of 1.10. The company has a 50-day moving average of $2.17 and a 200 day moving average of $2.62.

Leslie's (NASDAQ:LESL - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. Analysts predict that Leslie's will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Mariner LLC acquired a new stake in shares of Leslie's during the 4th quarter worth $25,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Leslie's during the 3rd quarter worth $32,000. Blue Trust Inc. grew its holdings in shares of Leslie's by 1,089.6% during the 3rd quarter. Blue Trust Inc. now owns 11,075 shares of the company's stock worth $35,000 after purchasing an additional 10,144 shares in the last quarter. Cibc World Markets Corp acquired a new stake in shares of Leslie's during the 4th quarter worth $38,000. Finally, Gitterman Wealth Management LLC acquired a new stake in shares of Leslie's during the 4th quarter worth $41,000.

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.