Leslie's (NASDAQ:LESL) Price Target Cut to $3.00 by Analysts at Mizuho

Leslie's (NASDAQ:LESL - Free Report) had its price objective cut by Mizuho from $4.00 to $3.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts also recently issued reports on LESL. Robert W. Baird reduced their price target on Leslie's from $4.00 to $3.50 and set a "neutral" rating on the stock in a research report on Tuesday, November 26th. Telsey Advisory Group dropped their target price on shares of Leslie's from $4.00 to $3.75 and set a "market perform" rating on the stock in a research report on Tuesday, November 26th. Finally, William Blair reaffirmed a "market perform" rating on shares of Leslie's in a report on Tuesday, November 26th. One 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. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $3.49.

Leslie's Stock Down 0.4 %

LESL stock traded down $0.01 during trading on Monday, hitting $2.29. The company had a trading volume of 4,679,757 shares, compared to its average volume of 4,104,786. The firm has a market capitalization of $423.58 million, a P/E ratio of -19.08 and a beta of 1.11. The company has a 50 day simple moving average of $2.59 and a 200-day simple moving average of $2.92. Leslie's has a 52-week low of $2.02 and a 52-week high of $8.21.

Leslie's (NASDAQ:LESL - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations 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 for the quarter was down 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 EPS. Sell-side analysts forecast that Leslie's will post 0.08 earnings per share for the current year.

Institutional Trading of Leslie's

Hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC purchased a new position in Leslie's in the third quarter valued at about $32,000. Blue Trust Inc. increased its stake 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 valued at $35,000 after acquiring an additional 10,144 shares during the last quarter. IHT Wealth Management LLC boosted its position in shares of Leslie's by 52.6% in the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company's stock worth $51,000 after acquiring an additional 5,776 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Leslie's during the 2nd quarter valued at $57,000. Finally, Integrated Investment Consultants LLC increased its stake in Leslie's by 36.1% during the third quarter. Integrated Investment Consultants LLC now owns 21,500 shares of the company's stock worth $68,000 after acquiring an additional 5,700 shares during the last quarter.

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.