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

Shares of Leslie’s, Inc. (NASDAQ:LESL) have been assigned a consensus recommendation of “Reduce” from the seven brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $6.55.

LESL has been the topic of several research reports. Wall Street Zen cut Leslie’s from a “hold” rating to a “sell” rating in a research report on Sunday, December 28th. Zacks Research upgraded shares of Leslie’s from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Morgan Stanley set a $1.00 price objective on shares of Leslie’s and gave the stock an “underweight” rating in a report on Wednesday, February 18th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Leslie’s in a research report on Wednesday, March 25th.

Institutional Investors Weigh In On Leslie’s

A number of hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its stake in Leslie’s by 16.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 102,428 shares of the company’s stock valued at $169,000 after buying an additional 14,840 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Leslie’s in the 4th quarter valued at approximately $29,000. Quadrature Capital Ltd purchased a new position in shares of Leslie’s in the 4th quarter valued at approximately $34,000. Barclays PLC acquired a new stake in Leslie’s in the 4th quarter worth approximately $35,000. Finally, Clearfield Capital Management LP purchased a new stake in Leslie’s during the 3rd quarter worth approximately $170,000.

Leslie’s Price Performance

NASDAQ LESL opened at $2.13 on Wednesday. The stock has a market capitalization of $19.85 million, a price-to-earnings ratio of -0.07 and a beta of 1.22. Leslie’s has a 1-year low of $0.87 and a 1-year high of $18.56. The business’s fifty day moving average price is $1.24 and its 200-day moving average price is $2.10.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings data on Tuesday, February 17th. The company reported ($5.24) EPS for the quarter, missing the consensus estimate of ($4.20) by ($1.04). The company had revenue of $147.13 million during the quarter, compared to the consensus estimate of $161.19 million. Equities research analysts anticipate that Leslie’s will post -2.73 EPS for the current year.

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.