Telsey Advisory Group Has Lowered Expectations for Leslie's (NASDAQ:LESL) Stock Price

Leslie's (NASDAQ:LESL - Get Free Report) had its price target reduced by equities research analysts at Telsey Advisory Group from $3.75 to $3.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "market perform" rating on the stock. Telsey Advisory Group's price objective would indicate a potential upside of 76.99% from the stock's previous close.

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

Leslie's Price Performance

Shares of NASDAQ LESL traded up $0.09 during midday trading on Friday, hitting $1.70. 4,553,817 shares of the company's stock were exchanged, compared to its average volume of 5,754,643. Leslie's has a twelve month low of $1.56 and a twelve month high of $8.21. The firm has a market cap of $313.93 million, a P/E ratio of -11.30 and a beta of 1.10. The stock's 50 day moving average price is $2.21 and its 200-day moving average price is $2.64.

Leslie's (NASDAQ:LESL - Get Free Report) last announced its quarterly earnings results 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%. On average, analysts expect that Leslie's will post 0.08 EPS for the current fiscal year.

Institutional Trading of Leslie's

Several large investors have recently added to or reduced their stakes in LESL. KLP Kapitalforvaltning AS acquired a new position in Leslie's during the fourth quarter valued at $65,000. Virtu Financial LLC lifted its position in shares of Leslie's by 81.8% in the fourth quarter. Virtu Financial LLC now owns 88,174 shares of the company's stock worth $197,000 after purchasing an additional 39,678 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Leslie's during the fourth quarter worth approximately $278,000. Maryland State Retirement & Pension System purchased a new position in Leslie's during the fourth quarter valued at approximately $138,000. Finally, Primecap Management Co. CA increased its stake in Leslie's by 29.1% in the 4th quarter. Primecap Management Co. CA now owns 1,260,900 shares of the company's stock valued at $2,812,000 after buying an additional 284,100 shares during the period.

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.