Leslie’s, Inc. (NASDAQ:LESL) Given Average Recommendation of “Moderate Buy” by Brokerages

Leslie’s, Inc. (NASDAQ:LESLGet Rating) has earned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $20.30.

A number of research analysts recently issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of Leslie’s from $22.00 to $20.00 in a report on Monday, August 8th. Morgan Stanley reduced their price objective on shares of Leslie’s from $24.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Monday, August 8th. Telsey Advisory Group lowered Leslie’s from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $28.00 to $16.00 in a research report on Monday, August 8th. MKM Partners assumed coverage on Leslie’s in a research report on Tuesday, October 4th. They issued a “neutral” rating and a $14.00 price target on the stock. Finally, Robert W. Baird downgraded Leslie’s from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $18.00 to $16.00 in a research report on Tuesday.

Leslie’s Trading Down 4.7 %

Leslie’s stock opened at $15.42 on Friday. The stock has a 50-day moving average price of $14.38 and a two-hundred day moving average price of $15.74. Leslie’s has a 12 month low of $12.79 and a 12 month high of $24.40. The company has a market capitalization of $2.82 billion, a PE ratio of 19.77, a P/E/G ratio of 1.68 and a beta of 0.52.

Insider Buying and Selling

In other Leslie’s news, insider Brad Gazaway sold 3,335 shares of Leslie’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $14.82, for a total value of $49,424.70. Following the completion of the sale, the insider now directly owns 130,447 shares of the company’s stock, valued at $1,933,224.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.60% of the stock is owned by insiders.

Institutional Trading of Leslie’s

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LESL. Tower Research Capital LLC TRC grew its stake in Leslie’s by 113.5% in the third quarter. Tower Research Capital LLC TRC now owns 4,697 shares of the company’s stock valued at $69,000 after acquiring an additional 2,497 shares during the period. UBS Group AG grew its position in Leslie’s by 20.8% in the 2nd quarter. UBS Group AG now owns 4,763 shares of the company’s stock valued at $72,000 after purchasing an additional 820 shares during the period. Point72 Hong Kong Ltd bought a new stake in Leslie’s during the 1st quarter valued at $112,000. Allworth Financial LP raised its holdings in Leslie’s by 21.3% during the second quarter. Allworth Financial LP now owns 6,063 shares of the company’s stock worth $92,000 after buying an additional 1,063 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Leslie’s in the first quarter valued at $155,000.

Leslie’s Company Profile

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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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Analyst Recommendations for Leslie's (NASDAQ:LESL)

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