Leslie’s (NASDAQ:LESL) Shares Down 4% – What’s Next?

Leslie’s, Inc. (NASDAQ:LESL) was down 4% during trading on Monday . The stock traded as low as $4.08 and last traded at $4.11. Approximately 121,701 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 209,478 shares. The stock had previously closed at $4.28.

Analyst Upgrades and Downgrades

LESL has been the subject of a number of analyst reports. Morgan Stanley set a $7.00 price objective on shares of Leslie’s in a research report on Tuesday, September 30th. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price target on shares of Leslie’s in a report on Wednesday, September 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Leslie’s in a report on Wednesday, October 8th. Mizuho set a $5.00 price objective on Leslie’s in a research note on Thursday, October 16th. Finally, Zacks Research raised Leslie’s from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. Ten equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $27.25.

Leslie’s Trading Down 4.0%

The company has a market capitalization of $38.14 million, a P/E ratio of -0.46 and a beta of 1.24. The business’s fifty day moving average price is $5.68 and its 200-day moving average price is $9.42.

Institutional Trading of Leslie’s

A number of hedge funds have recently bought and sold shares of LESL. Ariel Investments LLC lifted its position in Leslie’s by 15.1% in the 1st quarter. Ariel Investments LLC now owns 58,177,415 shares of the company’s stock worth $42,789,000 after buying an additional 7,649,626 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Leslie’s in the 1st quarter worth approximately $1,543,000. King Street Capital Management L.P. bought a new stake in shares of Leslie’s in the 2nd quarter worth approximately $630,000. Jane Street Group LLC lifted its stake in Leslie’s by 61.3% in the second quarter. Jane Street Group LLC now owns 3,570,476 shares of the company’s stock worth $1,499,000 after purchasing an additional 1,356,700 shares during the last quarter. Finally, Graham Capital Management L.P. lifted its stake in Leslie’s by 701.5% in the first quarter. Graham Capital Management L.P. now owns 1,373,990 shares of the company’s stock worth $1,011,000 after purchasing an additional 1,202,568 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.