Leslie’s (NASDAQ:LESL) Receives “Market Perform” Rating from William Blair

Leslie’s (NASDAQ:LESL)‘s stock had its “market perform” rating restated by William Blair in a report released on Tuesday,RTT News reports.

Other equities analysts also recently issued reports about the stock. Robert W. Baird lowered their target price on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Tuesday. Mizuho lowered their price target on Leslie’s from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Finally, Telsey Advisory Group lowered their price target on Leslie’s from $4.00 to $3.75 and set a “market perform” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $3.89.

Leslie’s Stock Down 31.1 %

Shares of LESL traded down $1.09 during mid-day trading on Tuesday, reaching $2.42. The company’s stock had a trading volume of 11,997,538 shares, compared to its average volume of 4,320,253. The business has a fifty day moving average of $2.86 and a 200 day moving average of $3.50. The company has a market cap of $447.48 million, a price-to-earnings ratio of 121.00, a price-to-earnings-growth ratio of 2.16 and a beta of 1.19. Leslie’s has a 1 year low of $2.41 and a 1 year high of $8.21.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Ariel Investments LLC raised its position in shares of Leslie’s by 46.5% in the second quarter. Ariel Investments LLC now owns 36,601,368 shares of the company’s stock valued at $153,360,000 after purchasing an additional 11,618,490 shares during the period. Private Management Group Inc. boosted its stake in shares of Leslie’s by 121.3% in the 3rd quarter. Private Management Group Inc. now owns 5,569,278 shares of the company’s stock valued at $17,599,000 after purchasing an additional 3,052,539 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of Leslie’s in the 3rd quarter valued at $6,470,000. Squarepoint Ops LLC boosted its position in Leslie’s by 1,300.5% during the 2nd quarter. Squarepoint Ops LLC now owns 1,187,916 shares of the company’s stock valued at $4,977,000 after buying an additional 1,103,096 shares during the period. Finally, Marshall Wace LLP boosted its position in Leslie’s by 477.4% during the 2nd quarter. Marshall Wace LLP now owns 1,110,404 shares of the company’s stock valued at $4,653,000 after buying an additional 918,084 shares during the period.

About Leslie’s

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.