Brokerages Set Leslie’s, Inc. (NASDAQ:LESL) Price Target at $27.25

Leslie’s, Inc. (NASDAQ:LESL) has received an average rating of “Reduce” from the twelve analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation and ten have issued a hold recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $27.25.

Several research analysts have recently weighed in on the company. Zacks Research raised Leslie’s from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. Wall Street Zen raised Leslie’s to a “sell” rating in a research note on Friday, October 3rd. Morgan Stanley set a $7.00 price target on Leslie’s in a research report on Tuesday, September 30th. Mizuho set a $5.00 price target on Leslie’s in a research report on Thursday, October 16th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $7.00 price target on shares of Leslie’s in a research report on Wednesday, September 17th.

Leslie’s Price Performance

Shares of LESL stock opened at $3.52 on Wednesday. The company has a market cap of $32.67 million, a price-to-earnings ratio of -0.39 and a beta of 1.24. The stock has a 50 day simple moving average of $5.47 and a 200-day simple moving average of $9.19. Leslie’s has a 1-year low of $3.50 and a 1-year high of $72.60.

Institutional Trading of Leslie’s

Large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Leslie’s by 106.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,279 shares of the company’s stock worth $27,000 after purchasing an additional 19,257 shares in the last quarter. Performa Ltd US LLC increased its position in shares of Leslie’s by 785.7% during the first 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 in the last quarter. CWM LLC increased its position in shares of Leslie’s by 1,149.0% during the first quarter. CWM LLC now owns 46,914 shares of the company’s stock worth $35,000 after purchasing an additional 43,158 shares in the last quarter. Engineers Gate Manager LP increased its position in shares of Leslie’s by 309.7% during the second quarter. Engineers Gate Manager LP now owns 61,474 shares of the company’s stock worth $26,000 after purchasing an additional 46,468 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its position in shares of Leslie’s by 168.6% during the second 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 in the last quarter.

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.