Leslie’s, Inc. (NASDAQ:LESL) Receives $6.55 Consensus Price Target from Analysts

Shares of Leslie’s, Inc. (NASDAQ:LESL) have received an average recommendation of “Reduce” from the eight analysts that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $6.55.

A number of equities analysts have commented on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $3.00 price target on shares of Leslie’s in a research note on Friday, November 28th. Wall Street Zen lowered shares of Leslie’s from a “hold” rating to a “sell” rating in a research report on Sunday, December 28th. Jefferies Financial Group set a $3.75 target price on Leslie’s and gave the company a “hold” rating in a research note on Wednesday, December 3rd. Morgan Stanley set a $1.00 price target on Leslie’s and gave the stock an “underweight” rating in a research note on Wednesday, February 18th. Finally, Zacks Research cut Leslie’s from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th.

Leslie’s Stock Up 0.2%

Shares of NASDAQ LESL opened at $0.92 on Tuesday. The stock’s 50-day simple moving average is $1.42 and its two-hundred day simple moving average is $3.36. Leslie’s has a twelve month low of $0.87 and a twelve month high of $21.00. The firm has a market capitalization of $8.60 million, a P/E ratio of -0.03 and a beta of 1.33.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings results on Tuesday, February 17th. The company reported ($5.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.20) by ($1.04). The firm had revenue of $147.13 million during the quarter, compared to analysts’ expectations of $161.19 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd bought a new stake in shares of Leslie’s in the 4th quarter worth approximately $34,000. Barclays PLC purchased a new position in Leslie’s in the 4th quarter worth $35,000. Clearfield Capital Management LP raised its position in Leslie’s by 520.5% in the 4th quarter. Clearfield Capital Management LP now owns 191,575 shares of the company’s stock worth $316,000 after purchasing an additional 160,703 shares during the period. Arbiter Partners Capital Management LLC bought a new stake in Leslie’s in the fourth quarter worth $392,000. Finally, Performa Ltd US LLC boosted its position in Leslie’s by 796.5% during the fourth quarter. Performa Ltd US LLC now owns 116,100 shares of the company’s stock valued at $192,000 after buying an additional 103,150 shares during the period.

About Leslie’s

Leslie’s, Inc (NASDAQ: LESL) is the largest direct-to-consumer retailer of swimming pool supplies and related equipment in the United States. Through a network of more than 900 company-operated stores and a robust e-commerce platform, the company offers a comprehensive range of pool chemicals, cleaning tools, pumps, filters, heaters and pool accessories. In addition to product retailing, Leslie’s provides in-store and in-home water testing services, equipment installation, repair and ongoing maintenance programs designed to support both residential and commercial pool owners.

Founded in 1963 in North Miami Beach, Florida, Leslie’s has grown from a single neighborhood pool-supply shop into a national specialty retailer.