Leslie’s (NASDAQ:LESL) Hits New 52-Week Low at $11.37

Leslie’s, Inc. (NASDAQ:LESL – Get Rating)’s share price hit a new 52-week low on Friday . The stock traded as low as $11.37 and last traded at $11.37, with a volume of 536701 shares. The stock had previously closed at $11.66.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Piper Sandler dropped their target price on shares of Leslie’s to $17.00 in a research report on Friday, December 2nd. Stifel Nicolaus lowered Leslie’s from a “buy” rating to a “hold” rating and reduced their price target for the company from $17.00 to $15.00 in a research report on Thursday, December 1st. Telsey Advisory Group decreased their price objective on shares of Leslie’s from $16.00 to $15.00 and set a “market perform” rating for the company in a research report on Thursday, December 1st. Finally, Roth Capital reaffirmed a “neutral” rating on shares of Leslie’s in a research note on Friday, February 3rd. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.22.

Leslie’s Stock Performance

The business has a 50 day moving average of $13.49 and a 200-day moving average of $13.75. The company has a market capitalization of $2.06 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 3.37 and a beta of 0.85.

Leslie’s (NASDAQ:LESL – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). Leslie’s had a net margin of 9.11% and a negative return on equity of 56.91%. The firm had revenue of $195.10 million for the quarter, compared to analysts’ expectations of $178.82 million. As a group, equities analysts forecast that Leslie’s, Inc. will post 0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its position in Leslie’s by 210.2% during the third quarter. BlackRock Inc. now owns 19,434,979 shares of the company’s stock valued at $285,887,000 after purchasing an additional 13,169,336 shares during the last quarter. Champlain Investment Partners LLC increased its stake in Leslie’s by 36.6% in the second quarter. Champlain Investment Partners LLC now owns 14,449,367 shares of the company’s stock valued at $219,341,000 after acquiring an additional 3,870,142 shares during the last quarter. Vanguard Group Inc. raised its position in Leslie’s by 19.6% during the third quarter. Vanguard Group Inc. now owns 14,441,575 shares of the company’s stock valued at $212,435,000 after purchasing an additional 2,367,168 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Leslie’s by 3.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,660,068 shares of the company’s stock valued at $142,100,000 after purchasing an additional 322,389 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in Leslie’s by 106.3% during the first quarter. Capital Research Global Investors now owns 7,009,446 shares of the company’s stock worth $135,703,000 after purchasing an additional 3,612,422 shares during the last quarter.

About Leslie’s

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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 various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products, as well as installation and repair services for pool and spa equipment.