Leslie’s, Inc. (NASDAQ:LESL) Receives $1.60 Average PT from Analysts

Leslie’s, Inc. (NASDAQ:LESL) has been assigned a consensus recommendation of “Reduce” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $1.60.

Several research analysts have recently weighed in on the stock. Mizuho dropped their target price on shares of Leslie’s from $3.00 to $1.00 and set a “neutral” rating on the stock in a research report on Thursday, July 3rd. Loop Capital reduced their target price on shares of Leslie’s from $4.00 to $1.00 and set a “hold” rating for the company in a research note on Friday, May 9th. Stifel Nicolaus upgraded shares of Leslie’s from a “sell” rating to a “hold” rating in a research note on Friday, April 25th. Wall Street Zen upgraded shares of Leslie’s to a “sell” rating in a research note on Saturday, July 26th. Finally, Telsey Advisory Group reduced their price objective on shares of Leslie’s from $0.75 to $0.35 and set a “market perform” rating for the company in a research note on Thursday, August 7th.

Leslie’s Price Performance

LESL stock opened at $0.35 on Friday. Leslie’s has a 12 month low of $0.27 and a 12 month high of $3.63. The firm has a market cap of $64.61 million, a PE ratio of -0.77 and a beta of 1.27. The firm has a 50 day simple moving average of $0.45 and a 200 day simple moving average of $0.77.

Hedge Funds Weigh In On Leslie’s

Several large investors have recently bought and sold shares of LESL. Ariel Investments LLC increased its holdings in Leslie’s by 15.1% in the 1st quarter. Ariel Investments LLC now owns 58,177,415 shares of the company’s stock valued at $42,789,000 after buying an additional 7,649,626 shares during the period. Lind Value II ApS increased its holdings in Leslie’s by 97.7% in the 1st quarter. Lind Value II ApS now owns 9,092,401 shares of the company’s stock valued at $6,687,000 after buying an additional 4,492,185 shares during the period. Renaissance Technologies LLC increased its holdings in Leslie’s by 340.4% in the 4th quarter. Renaissance Technologies LLC now owns 3,436,095 shares of the company’s stock valued at $7,662,000 after buying an additional 2,655,795 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in Leslie’s in the 1st quarter valued at $1,543,000. Finally, King Street Capital Management L.P. bought a new stake in Leslie’s in the 2nd quarter valued at $630,000.

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.