Leslie’s (NASDAQ:LESL) Given New $3.75 Price Target at Telsey Advisory Group

Leslie’s (NASDAQ:LESL) had its target price trimmed by Telsey Advisory Group from $4.00 to $3.75 in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The firm currently has a market perform rating on the stock.

Separately, Mizuho cut their price target on Leslie’s from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $3.77.

Leslie’s Price Performance

NASDAQ:LESL opened at $2.30 on Tuesday. The firm has a market capitalization of $425.29 million, a P/E ratio of -19.17, a PEG ratio of 1.68 and a beta of 1.19. Leslie’s has a one year low of $2.25 and a one year high of $8.21. The company’s 50-day simple moving average is $2.84 and its 200 day simple moving average is $3.47.

Institutional Trading of Leslie’s

Institutional investors have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System raised its stake in shares of Leslie’s by 24.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 63,237 shares of the company’s stock worth $411,000 after purchasing an additional 12,519 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Leslie’s by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 86,970 shares of the company’s stock worth $566,000 after buying an additional 6,101 shares during the last quarter. Bayesian Capital Management LP bought a new position in Leslie’s during the first quarter valued at approximately $787,000. Janus Henderson Group PLC boosted its stake in shares of Leslie’s by 2.2% in the 1st quarter. Janus Henderson Group PLC now owns 7,320,338 shares of the company’s stock worth $47,581,000 after buying an additional 156,938 shares during the last quarter. Finally, Comerica Bank boosted its position in Leslie’s by 3.3% in the first quarter. Comerica Bank now owns 287,063 shares of the company’s stock worth $1,866,000 after purchasing an additional 9,172 shares during the last quarter.

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.