Leslie’s, Inc. (NASDAQ:LESL) Given Consensus Rating of “Reduce” by Analysts

Leslie’s, Inc. (NASDAQ:LESL) has been assigned a consensus recommendation of “Reduce” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and ten have given a hold recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $2.65.

Several research analysts have issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $3.00 price objective on shares of Leslie’s in a research report on Tuesday, March 18th. William Blair reissued a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. Mizuho decreased their price target on Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Bank of America lowered shares of Leslie’s from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $2.65 to $1.40 in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus cut their price target on shares of Leslie’s from $1.90 to $1.55 and set a “sell” rating for the company in a report on Friday, February 7th.

Institutional Investors Weigh In On Leslie’s

Large investors have recently added to or reduced their stakes in the company. Mariner LLC acquired a new position in Leslie’s in the 4th quarter worth $25,000. Ground Swell Capital LLC acquired a new stake in shares of Leslie’s during the fourth quarter valued at about $32,000. Cibc World Markets Corp purchased a new stake in shares of Leslie’s during the fourth quarter worth about $38,000. Two Sigma Advisers LP acquired a new position in shares of Leslie’s in the fourth quarter worth about $39,000. Finally, Gitterman Wealth Management LLC purchased a new position in Leslie’s in the fourth quarter valued at about $41,000.

Leslie’s Trading Up 5.3 %

NASDAQ:LESL opened at $0.83 on Tuesday. The stock has a fifty day moving average price of $1.51 and a 200 day moving average price of $2.25. The firm has a market cap of $152.83 million, a PE ratio of -5.50 and a beta of 1.20. Leslie’s has a 12-month low of $0.75 and a 12-month high of $7.32.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). Leslie’s had a negative net margin of 2.13% and a negative return on equity of 6.11%.

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.