Mizuho Cuts Leslie’s (NASDAQ:LESL) Price Target to $3.00

Leslie’s (NASDAQ:LESL) had its price target reduced by Mizuho from $4.00 to $3.00 in a research note published on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts have also recently issued reports about the stock. Robert W. Baird dropped their price objective on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. Finally, Telsey Advisory Group cut their price target on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating for the company in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $3.49.

Leslie’s Stock Performance

Shares of LESL opened at $2.18 on Monday. Leslie’s has a fifty-two week low of $2.02 and a fifty-two week high of $8.21. The firm has a 50-day simple moving average of $2.55 and a 200-day simple moving average of $2.89. The company has a market capitalization of $403.23 million, a price-to-earnings ratio of -18.17 and a beta of 1.11.

Leslie’s (NASDAQ:LESL) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). Leslie’s had a negative return on equity of 6.11% and a negative net margin of 1.76%. The company had revenue of $397.90 million for the quarter, compared to analyst estimates of $405.19 million. During the same period in the previous year, the business posted $0.14 earnings per share. The firm’s revenue was down 8.0% compared to the same quarter last year. Equities research analysts forecast that Leslie’s will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its stake in shares of Leslie’s by 6.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 81,345 shares of the company’s stock worth $341,000 after acquiring an additional 4,798 shares in the last quarter. Integrated Investment Consultants LLC raised its holdings in Leslie’s by 36.1% during the third quarter. Integrated Investment Consultants LLC now owns 21,500 shares of the company’s stock worth $68,000 after purchasing an additional 5,700 shares during the last quarter. IHT Wealth Management LLC boosted its position in Leslie’s by 52.6% during the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock worth $51,000 after purchasing an additional 5,776 shares in the last quarter. Dark Forest Capital Management LP boosted its position in Leslie’s by 54.2% during the second quarter. Dark Forest Capital Management LP now owns 21,776 shares of the company’s stock worth $91,000 after purchasing an additional 7,650 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Leslie’s by 1,089.6% in the third quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock valued at $35,000 after purchasing an additional 10,144 shares during the last quarter.

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.