Leslie’s’ (LESL) “Market Perform” Rating Reiterated at Telsey Advisory Group

Leslie’s (NASDAQ:LESL)‘s stock had its “market perform” rating reissued by analysts at Telsey Advisory Group in a research note issued to investors on Friday, Benzinga reports. They currently have a $6.00 price objective on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 27.39% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Loop Capital increased their target price on Leslie’s from $6.00 to $8.00 and gave the company a “hold” rating in a report on Tuesday, March 5th. Mizuho started coverage on Leslie’s in a report on Tuesday, March 19th. They issued a “neutral” rating and a $7.00 target price on the stock. William Blair reissued a “market perform” rating on shares of Leslie’s in a report on Friday, February 2nd. Finally, Stifel Nicolaus increased their target price on Leslie’s from $5.40 to $6.30 and gave the company a “hold” rating in a report on Friday, February 2nd. Ten research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.37.

Leslie’s Trading Up 8.0 %

Leslie’s stock opened at $4.71 on Friday. Leslie’s has a twelve month low of $3.79 and a twelve month high of $11.68. The stock’s fifty day simple moving average is $5.99 and its 200-day simple moving average is $6.13. The firm has a market capitalization of $869.04 million, a P/E ratio of 47.10, a P/E/G ratio of 0.68 and a beta of 1.06.

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

Hedge Funds Weigh In On Leslie’s

Large investors have recently bought and sold shares of the stock. Profund Advisors LLC acquired a new position in Leslie’s in the third quarter valued at $58,000. RPO LLC acquired a new stake in shares of Leslie’s during the fourth quarter worth about $84,000. Pathstone Family Office LLC purchased a new position in shares of Leslie’s during the third quarter worth about $69,000. Envestnet Portfolio Solutions Inc. acquired a new position in Leslie’s in the 3rd quarter valued at about $74,000. Finally, GAMMA Investing LLC purchased a new stake in Leslie’s during the 4th quarter valued at approximately $101,000.

About Leslie’s

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.