Leslie’s, Inc. (NASDAQ:LESL) Given Consensus Recommendation of “Hold” by Brokerages

Leslie’s, Inc. (NASDAQ:LESL) has earned an average recommendation of “Hold” from the ten analysts that are presently covering the company, MarketBeat reports. Ten analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $6.37.

Several analysts have commented on the stock. Loop Capital lifted their target price on shares of Leslie’s from $6.00 to $8.00 and gave the stock a “hold” rating in a research note on Tuesday, March 5th. Mizuho started coverage on Leslie’s in a research report on Tuesday, March 19th. They set a “neutral” rating and a $7.00 target price on the stock. Stifel Nicolaus raised their price target on Leslie’s from $5.40 to $6.30 and gave the stock a “hold” rating in a research note on Friday, February 2nd. William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a research note on Friday, February 2nd. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 target price on shares of Leslie’s in a research report on Friday, February 2nd.

Leslie’s Price Performance

LESL opened at $3.99 on Friday. The firm has a market cap of $736.21 million, a P/E ratio of 39.90, a PEG ratio of 0.66 and a beta of 0.90. The business’s fifty day simple moving average is $6.29 and its 200 day simple moving average is $6.17. Leslie’s has a 52 week low of $3.88 and a 52 week high of $11.68.

Leslie’s (NASDAQ:LESL) last released its earnings results on Thursday, February 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.01. The company had revenue of $173.96 million for the quarter, compared to analyst estimates of $169.17 million. Leslie’s had a net margin of 1.25% and a negative return on equity of 15.00%. As a group, equities analysts expect that Leslie’s will post 0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Leslie’s

Several institutional investors have recently bought and sold shares of the business. Ariel Investments LLC lifted its holdings in shares of Leslie’s by 50.6% during the 3rd quarter. Ariel Investments LLC now owns 24,987,417 shares of the company’s stock valued at $141,429,000 after acquiring an additional 8,398,488 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Leslie’s by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 19,116,849 shares of the company’s stock worth $132,097,000 after purchasing an additional 492,416 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Leslie’s by 55.1% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 17,115,836 shares of the company’s stock worth $96,876,000 after buying an additional 6,078,768 shares during the period. Clarkston Capital Partners LLC grew its stake in shares of Leslie’s by 66.7% in the third quarter. Clarkston Capital Partners LLC now owns 15,862,297 shares of the company’s stock valued at $89,781,000 after buying an additional 6,346,377 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in shares of Leslie’s by 26.6% during the 4th quarter. DAVENPORT & Co LLC now owns 4,018,954 shares of the company’s stock valued at $27,771,000 after buying an additional 845,615 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.