Leslie’s (NASDAQ:LESL) Given New $1.55 Price Target at Stifel Nicolaus

Leslie’s (NASDAQ:LESL) had its price objective lowered by Stifel Nicolaus from $1.90 to $1.55 in a research note released on Friday morning,Benzinga reports. The firm currently has a sell rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Telsey Advisory Group decreased their price target on shares of Leslie’s from $3.75 to $3.00 and set a “market perform” rating on the stock in a research note on Friday. Mizuho decreased their target price on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. William Blair reiterated a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. Finally, Robert W. Baird reduced their price target on Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Leslie’s has an average rating of “Hold” and an average price target of $3.28.

Leslie’s Price Performance

Shares of Leslie’s stock opened at $1.64 on Friday. The business has a 50 day moving average price of $2.22 and a 200 day moving average price of $2.66. The company has a market capitalization of $303.74 million, a P/E ratio of -10.93 and a beta of 1.10. Leslie’s has a 1 year low of $1.63 and a 1 year high of $8.21.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, research analysts expect that Leslie’s will post 0.08 EPS for the current fiscal year.

Institutional Trading of Leslie’s

Institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC acquired a new position in Leslie’s in the third quarter valued at $32,000. Blue Trust Inc. raised its holdings in shares of Leslie’s by 1,089.6% in the 3rd quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock worth $35,000 after purchasing an additional 10,144 shares during the period. IHT Wealth Management LLC lifted its stake in shares of Leslie’s by 52.6% in the 3rd quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock valued at $51,000 after purchasing an additional 5,776 shares in the last quarter. Integrated Investment Consultants LLC grew its holdings in shares of Leslie’s by 36.1% during the 3rd 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 period. Finally, PNC Financial Services Group Inc. increased its position in Leslie’s by 92.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 21,588 shares of the company’s stock worth $48,000 after purchasing an additional 10,396 shares in the last quarter.

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.