Guggenheim Reiterates "Neutral" Rating for Leslie's (NASDAQ:LESL)

Guggenheim reiterated their neutral rating on shares of Leslie's (NASDAQ:LESL - Free Report) in a report issued on Friday morning,Benzinga reports.

A number of other research analysts also recently issued reports on the stock. William Blair restated a "market perform" rating on shares of Leslie's in a research report on Tuesday, November 26th. Telsey Advisory Group decreased their target price 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. Mizuho decreased their target price on shares of Leslie's from $4.00 to $3.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. 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 report on Tuesday, November 26th. Finally, Stifel Nicolaus decreased their target price 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. One 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 data from MarketBeat.com, Leslie's presently has a consensus rating of "Hold" and a consensus price target of $3.24.

Leslie's Stock Up 6.2 %

LESL stock traded up $0.10 during trading 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. The firm has a market capitalization of $315.78 million, a P/E ratio of -11.37 and a beta of 1.10. The business has a fifty day simple moving average of $2.21 and a two-hundred day simple moving average of $2.64. Leslie's has a 1 year low of $1.56 and a 1 year high of $8.21.

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 net margin of 2.13% and a negative return on equity of 6.11%. On average, equities research analysts predict that Leslie's will post 0.08 EPS for the current fiscal year.

Institutional Trading of Leslie's

A number of hedge funds and other institutional investors have recently made changes to their positions in LESL. The Manufacturers Life Insurance Company boosted its position in shares of Leslie's by 6.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 81,345 shares of the company's stock worth $341,000 after purchasing an additional 4,798 shares during the period. Integrated Investment Consultants LLC boosted 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 worth $68,000 after purchasing an additional 5,700 shares during the period. IHT Wealth Management LLC boosted 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 worth $51,000 after purchasing an additional 5,776 shares during the period. Blue Trust Inc. boosted its position 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 during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Leslie's during the 3rd quarter worth approximately $32,000.

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.