Q4 2022 EPS Estimates for Leslie’s, Inc. Boosted by Analyst (NASDAQ:LESL)

Leslie’s, Inc. (NASDAQ:LESLGet Rating) – Equities researchers at Telsey Advisory Group raised their Q4 2022 EPS estimates for Leslie’s in a research note issued to investors on Tuesday, June 7th. Telsey Advisory Group analyst D. Telsey now expects that the company will earn $0.35 per share for the quarter, up from their previous estimate of $0.34. Telsey Advisory Group has a “Outperform” rating and a $28.00 price objective on the stock.

Several other research firms also recently commented on LESL. Robert W. Baird decreased their price objective on Leslie’s from $28.00 to $25.00 in a report on Friday, May 6th. The Goldman Sachs Group upgraded Leslie’s from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $27.00 in a research note on Monday, April 4th. Finally, Zacks Investment Research upgraded Leslie’s from a “sell” rating to a “hold” rating and set a $19.00 target price on the stock in a research note on Friday, May 13th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Leslie’s presently has an average rating of “Buy” and a consensus target price of $29.55.

Shares of NASDAQ LESL opened at $18.90 on Wednesday. The stock’s fifty day moving average is $19.63 and its 200 day moving average is $20.62. The stock has a market capitalization of $3.46 billion, a P/E ratio of 26.25, a PEG ratio of 1.54 and a beta of 0.55. Leslie’s has a 52 week low of $16.40 and a 52 week high of $30.05.

Leslie’s (NASDAQ:LESLGet Rating) last posted its earnings results on Thursday, May 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $228.07 million for the quarter, compared to the consensus estimate of $211.32 million. Leslie’s’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.02) earnings per share.

In related news, insider Moyo Labode sold 4,696 shares of the firm’s stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $17.48, for a total value of $82,086.08. Following the transaction, the insider now directly owns 11,554 shares of the company’s stock, valued at approximately $201,963.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate 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 acquired a new position in shares of Leslie’s during the fourth quarter worth about $29,000. Captrust Financial Advisors lifted its holdings in shares of 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 purchasing an additional 3,253 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Leslie’s during the first quarter valued at approximately $97,000. Point72 Hong Kong Ltd purchased a new position in shares of Leslie’s during the first quarter valued at approximately $112,000. Finally, Macquarie Group Ltd. raised its stake in Leslie’s by 67.9% during the third quarter. Macquarie Group Ltd. now owns 6,382 shares of the company’s stock worth $131,000 after purchasing an additional 2,582 shares during the period.

About Leslie’s (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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