Leslie’s, Inc. (NASDAQ:LESL) Receives Average Rating of “Reduce” from Brokerages

Leslie’s, Inc. (NASDAQ:LESL) has earned an average rating of “Reduce” from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $23.8056.

A number of equities research analysts have recently weighed in on LESL shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Leslie’s in a report on Wednesday, October 8th. Morgan Stanley set a $3.50 price target on shares of Leslie’s in a research report on Wednesday, December 10th. Zacks Research raised shares of Leslie’s from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. Jefferies Financial Group set a $3.75 target price on shares of Leslie’s and gave the stock a “hold” rating in a research report on Wednesday, December 3rd. Finally, Wall Street Zen raised shares of Leslie’s to a “sell” rating in a report on Friday, October 3rd.

Institutional Trading of Leslie’s

Several institutional investors and hedge funds have recently modified their holdings of the business. Engineers Gate Manager LP boosted its stake 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 valued at $26,000 after purchasing an additional 46,468 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings 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 buying an additional 40,100 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Leslie’s in the 2nd quarter valued at $28,000. Catalyst Funds Management Pty Ltd bought a new position in shares of Leslie’s in the 2nd quarter valued at $36,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Leslie’s by 136.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 88,094 shares of the company’s stock valued at $37,000 after purchasing an additional 50,815 shares in the last quarter.

Leslie’s Trading Down 9.2%

NASDAQ:LESL opened at $1.98 on Thursday. The stock has a market cap of $18.37 million, a P/E ratio of -0.08 and a beta of 1.32. The stock has a 50 day simple moving average of $3.29 and a 200 day simple moving average of $6.58. Leslie’s has a 1-year low of $1.96 and a 1-year high of $48.60.

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.