Leslie’s (NASDAQ:LESL) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of Leslie’s (NASDAQ:LESLGet Rating) from a hold rating to a sell rating in a report released on Thursday morning, Zacks.com reports.

According to Zacks, “Leslie’s Inc. provides direct-to-consumer brand in the U.S. pool and spa care industry, serving residential, professional and commercial consumers. The company markets its products through physical locations and multiple digital platforms. Leslie’s Inc. is based in PHOENIX. “

Separately, The Goldman Sachs Group raised shares of Leslie’s from a neutral rating to a buy rating and lifted their price objective for the company from $26.00 to $27.00 in a research note on Monday, April 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Buy and an average target price of $30.92.

Shares of LESL stock opened at $20.04 on Thursday. Leslie’s has a 52 week low of $18.14 and a 52 week high of $31.55. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 2.33 and a beta of 0.82. The company has a 50-day simple moving average of $20.39 and a 200 day simple moving average of $21.14.

Leslie’s (NASDAQ:LESLGet Rating) last posted its quarterly earnings data on Thursday, February 3rd. The company reported ($0.06) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06). The firm had revenue of $184.82 million for the quarter, compared to the consensus estimate of $165.64 million. During the same period in the prior year, the company earned ($0.17) EPS. As a group, equities research analysts anticipate that Leslie’s will post 0.98 earnings per share for the current fiscal year.

In other Leslie’s news, insider Steven M. Weddell bought 25,000 shares of the firm’s stock in a transaction dated Tuesday, February 8th. The stock was purchased at an average cost of $19.80 per share, with a total value of $495,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael R. Egeck purchased 101,700 shares of the business’s stock in a transaction that occurred on Tuesday, February 8th. The stock was bought at an average cost of $19.66 per share, for a total transaction of $1,999,422.00. The disclosure for this purchase can be found here. Insiders own 3.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Spire Wealth Management purchased a new stake in shares of Leslie’s during the 4th quarter worth approximately $29,000. First Horizon Advisors Inc. lifted its position in Leslie’s by 163.9% during the third quarter. First Horizon Advisors Inc. now owns 1,417 shares of the company’s stock valued at $31,000 after purchasing an additional 880 shares during the last quarter. Eagle Bay Advisors LLC increased its holdings in shares of Leslie’s by 234.6% in the 3rd quarter. Eagle Bay Advisors LLC now owns 2,426 shares of the company’s stock worth $50,000 after buying an additional 1,701 shares during the last quarter. PSI Advisors LLC purchased a new position in Leslie’s in the third quarter worth $84,000. Finally, Captrust Financial Advisors increased its stake in Leslie’s by 325.3% in the third quarter. Captrust Financial Advisors now owns 4,253 shares of the company’s stock valued at $87,000 after acquiring an additional 3,253 shares during the last quarter.

Leslie’s Company Profile (Get Rating)

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 offers pool chemicals consisting of chlorine, sanitizers, water balancers, specialty chemicals, and algae control; pool covers, including winter, solar and safety covers, leaf nets, cover reels, and cover alternatives; pool equipment, which comprise pool cleaners, pool pumps, pool filters, pool heating, and lighting; and pools, such as above ground pools, soft side pools, above ground pools liners and equipment, ladders and rails, and diving boards.

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