Leslie’s (NASDAQ:LESL) Hits New 1-Year Low at $4.36

Leslie’s, Inc. (NASDAQ:LESL) shares hit a new 52-week low on Friday . The stock traded as low as $4.36 and last traded at $4.42, with a volume of 166097 shares. The stock had previously closed at $4.59.

Analysts Set New Price Targets

LESL has been the topic of several research reports. Stifel Nicolaus increased their target price on Leslie’s from $5.40 to $6.30 and gave the stock a “hold” rating in a research report on Friday, February 2nd. Loop Capital increased their price target on Leslie’s from $6.00 to $8.00 and gave the company a “hold” rating in a report on Tuesday, March 5th. Telsey Advisory Group reiterated a “market perform” rating and issued a $6.00 price target on shares of Leslie’s in a report on Friday, February 2nd. Mizuho initiated coverage on Leslie’s in a report on Tuesday, March 19th. They issued a “neutral” rating and a $7.00 price target for the company. Finally, William Blair reiterated a “market perform” rating on shares of Leslie’s in a report on Friday, February 2nd. Ten investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Leslie’s currently has an average rating of “Hold” and an average price target of $6.37.

Leslie’s Price Performance

The company has a 50-day moving average price of $6.95 and a 200-day moving average price of $6.25. The firm has a market capitalization of $846.90 million, a price-to-earnings ratio of 45.90, a P/E/G ratio of 0.68 and a beta of 0.90.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings data on Thursday, February 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.01. The business had revenue of $173.96 million during the quarter, compared to the consensus estimate of $169.17 million. Leslie’s had a negative return on equity of 15.00% and a net margin of 1.25%. As a group, analysts forecast that Leslie’s, Inc. will post 0.23 earnings per share for the current year.

Institutional Investors Weigh In On Leslie’s

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LESL. Advisor Group Holdings Inc. raised its holdings in Leslie’s by 4.2% during the first quarter. Advisor Group Holdings Inc. now owns 16,548 shares of the company’s stock worth $369,000 after purchasing an additional 674 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Leslie’s by 3.7% during the first quarter. Bank of New York Mellon Corp now owns 1,398,659 shares of the company’s stock worth $27,077,000 after purchasing an additional 49,572 shares in the last quarter. HighTower Advisors LLC raised its holdings in Leslie’s by 21.7% during the first quarter. HighTower Advisors LLC now owns 63,781 shares of the company’s stock worth $1,238,000 after purchasing an additional 11,374 shares in the last quarter. Private Advisor Group LLC raised its holdings in Leslie’s by 4.2% during the first quarter. Private Advisor Group LLC now owns 24,103 shares of the company’s stock worth $467,000 after purchasing an additional 971 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in Leslie’s by 68.5% during the first quarter. Citigroup Inc. now owns 42,771 shares of the company’s stock worth $828,000 after purchasing an additional 17,387 shares in the last quarter.

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.