Analysts Set Leslie’s, Inc. (NASDAQ:LESL) PT at $1.60

Leslie’s, Inc. (NASDAQ:LESL) has been assigned a consensus rating of “Reduce” from the ten analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $1.60.

A number of equities analysts have recently commented on LESL shares. Mizuho dropped their target price on Leslie’s from $3.00 to $1.00 and set a “neutral” rating for the company in a report on Thursday, July 3rd. Wall Street Zen upgraded Leslie’s to a “sell” rating in a report on Saturday, July 26th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $0.35 target price on shares of Leslie’s in a report on Friday, August 22nd.

Hedge Funds Weigh In On Leslie’s

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ariel Investments LLC boosted its holdings in shares of Leslie’s by 4.7% in the 2nd quarter. Ariel Investments LLC now owns 60,903,406 shares of the company’s stock worth $25,573,000 after purchasing an additional 2,725,991 shares during the period. Clarkston Capital Partners LLC boosted its holdings in shares of Leslie’s by 0.6% in the 1st quarter. Clarkston Capital Partners LLC now owns 23,191,550 shares of the company’s stock worth $17,057,000 after purchasing an additional 138,650 shares during the period. Lind Value II ApS boosted its holdings in shares of Leslie’s by 97.7% in the 1st quarter. Lind Value II ApS now owns 9,092,401 shares of the company’s stock worth $6,687,000 after purchasing an additional 4,492,185 shares during the period. Private Management Group Inc. boosted its holdings in shares of Leslie’s by 14.2% in the 1st quarter. Private Management Group Inc. now owns 5,702,823 shares of the company’s stock worth $4,194,000 after purchasing an additional 709,664 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Leslie’s by 61.3% during the 2nd quarter. Jane Street Group LLC now owns 3,570,476 shares of the company’s stock valued at $1,499,000 after acquiring an additional 1,356,700 shares during the period.

Leslie’s Price Performance

NASDAQ:LESL opened at $0.34 on Tuesday. Leslie’s has a 1 year low of $0.27 and a 1 year high of $3.63. The stock’s 50 day simple moving average is $0.38 and its two-hundred day simple moving average is $0.60. The company has a market cap of $62.18 million, a price-to-earnings ratio of -0.74 and a beta of 1.27.

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.