Leslie’s, Inc. (NASDAQ:LESL) Receives $27.25 Consensus PT from Analysts

Leslie’s, Inc. (NASDAQ:LESL) has been given an average recommendation of “Reduce” by the twelve research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $27.25.

LESL has been the topic of several recent analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $7.00 price objective on shares of Leslie’s in a report on Wednesday, September 17th. Wall Street Zen raised shares of Leslie’s to a “sell” rating in a research report on Friday, October 3rd. Morgan Stanley set a $7.00 price target on shares of Leslie’s in a research note on Tuesday, September 30th. Mizuho set a $5.00 price target on shares of Leslie’s in a report on Thursday, October 16th. Finally, Zacks Research raised shares of Leslie’s from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd.

Leslie’s Trading Up 1.7%

Leslie’s stock opened at $3.00 on Friday. The stock has a fifty day moving average price of $4.24 and a 200 day moving average price of $8.11. Leslie’s has a 52 week low of $2.72 and a 52 week high of $58.00. The firm has a market capitalization of $27.84 million, a P/E ratio of -0.33 and a beta of 1.22.

Institutional Investors Weigh In On Leslie’s

A number of institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP raised its holdings in shares of Leslie’s by 309.7% in the 2nd 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 during the period. 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. Y Intercept Hong Kong Ltd acquired a new stake in Leslie’s during the 2nd quarter worth approximately $28,000. Performa Ltd US LLC raised its holdings in Leslie’s by 785.7% in the first quarter. Performa Ltd US LLC now owns 46,500 shares of the company’s stock valued at $34,000 after buying an additional 41,250 shares during the period. Finally, CWM LLC raised its holdings in Leslie’s by 1,149.0% in the first quarter. CWM LLC now owns 46,914 shares of the company’s stock valued at $35,000 after buying an additional 43,158 shares during the period.

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.