Leslie's (NASDAQ:LESL) Stock Price Up 6.4% - Still a Buy?

Leslie's, Inc. (NASDAQ:LESL - Get Free Report)'s stock price was up 6.4% during mid-day trading on Monday . The stock traded as high as $3.01 and last traded at $3.01. Approximately 437,756 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 4,239,681 shares. The stock had previously closed at $2.83.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on LESL shares. Mizuho dropped their target price on Leslie's from $6.00 to $4.00 and set a "neutral" rating on the stock in a report on Tuesday, August 6th. Loop Capital dropped their target price on Leslie's from $6.00 to $3.00 and set a "hold" rating on the stock in a report on Friday, July 19th. Bank of America dropped their target price on Leslie's from $6.40 to $5.15 and set a "buy" rating on the stock in a report on Thursday, July 18th. Jefferies Financial Group dropped their target price on Leslie's from $5.00 to $4.00 and set a "hold" rating on the stock in a report on Wednesday, July 10th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $4.00 target price on shares of Leslie's in a report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $3.96.

Leslie's Stock Up 2.8 %

The company has a market capitalization of $538.10 million, a PE ratio of 145.50, a P/E/G ratio of 1.87 and a beta of 1.19. The stock has a 50-day moving average of $2.84 and a 200 day moving average of $3.66.

Leslie's (NASDAQ:LESL - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. Leslie's had a negative return on equity of 6.11% and a net margin of 0.22%. The business had revenue of $569.64 million during the quarter, compared to the consensus estimate of $569.99 million. During the same period last year, the business posted $0.40 earnings per share. The business's revenue for the quarter was down 6.8% on a year-over-year basis. Equities analysts forecast that Leslie's, Inc. will post 0.04 EPS for the current fiscal year.

Institutional Trading of Leslie's

Large investors have recently bought and sold shares of the company. nVerses Capital LLC purchased a new position in shares of Leslie's in the second quarter valued at $26,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Leslie's in the third quarter valued at $32,000. Blue Trust Inc. grew its position in shares of Leslie's by 1,089.6% in the third 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. Covestor Ltd grew its position in shares of Leslie's by 32,510.0% in the first quarter. Covestor Ltd now owns 6,522 shares of the company's stock valued at $42,000 after purchasing an additional 6,502 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Leslie's in the second quarter valued at $55,000.

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.