Leslie’s (NASDAQ:LESL) Upgraded by Wall Street Zen to Sell Rating

Leslie’s (NASDAQ:LESL) was upgraded by stock analysts at Wall Street Zen to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts also recently weighed in on LESL. Mizuho decreased their price target on shares of Leslie’s from $3.00 to $1.00 and set a “neutral” rating on the stock in a research note on Thursday, July 3rd. Loop Capital decreased their target price on shares of Leslie’s from $4.00 to $1.00 and set a “hold” rating on the stock in a research note on Friday, May 9th. Telsey Advisory Group lowered their target price on Leslie’s from $3.00 to $1.25 and set a “market perform” rating on the stock in a report on Friday, May 9th. Finally, Stifel Nicolaus raised Leslie’s from a “sell” rating to a “hold” rating in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $1.71.

Leslie’s Stock Up 7.3%

Shares of LESL opened at $0.60 on Friday. Leslie’s has a 52-week low of $0.38 and a 52-week high of $3.63. The stock has a market cap of $110.53 million, a PE ratio of -2.48 and a beta of 1.28. The firm’s fifty day moving average is $0.58 and its two-hundred day moving average is $0.97.

Institutional Trading of Leslie’s

Institutional investors have recently made changes to their positions in the company. Mariner LLC purchased a new position in Leslie’s in the fourth quarter worth approximately $25,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Leslie’s by 106.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,279 shares of the company’s stock valued at $27,000 after purchasing an additional 19,257 shares during the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of Leslie’s by 168.6% during the 2nd quarter. Pallas Capital Advisors LLC now owns 63,888 shares of the company’s stock worth $27,000 after purchasing an additional 40,100 shares during the period. Ground Swell Capital LLC acquired a new stake in shares of Leslie’s during the 4th quarter worth about $32,000. Finally, Performa Ltd US LLC increased its position in shares of Leslie’s by 785.7% during the 1st quarter. Performa Ltd US LLC now owns 46,500 shares of the company’s stock worth $34,000 after purchasing an additional 41,250 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.