Leslie’s, Inc. (NASDAQ:LESL) Receives Consensus Rating of “Hold” from Analysts

Shares of Leslie’s, Inc. (NASDAQ:LESL) have been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $3.49.

A number of equities research analysts have issued reports on LESL shares. Telsey Advisory Group decreased 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. Robert W. Baird lowered their target price on Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. William Blair reiterated a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. Finally, Mizuho lowered their price objective on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th.

Leslie’s Stock Performance

Shares of NASDAQ LESL opened at $2.13 on Monday. The business’s 50-day simple moving average is $2.37 and its 200-day simple moving average is $2.74. Leslie’s has a 52 week low of $2.02 and a 52 week high of $8.21. The firm has a market cap of $394.49 million, a price-to-earnings ratio of -17.75 and a beta of 1.11.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LESL. The Manufacturers Life Insurance Company increased its holdings in Leslie’s by 6.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 81,345 shares of the company’s stock valued at $341,000 after buying an additional 4,798 shares during the period. Integrated Investment Consultants LLC boosted its position 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 valued at $68,000 after acquiring an additional 5,700 shares in the last quarter. IHT Wealth Management LLC increased its stake in Leslie’s by 52.6% in the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock valued at $51,000 after acquiring an additional 5,776 shares during the period. Dark Forest Capital Management LP raised its position in Leslie’s by 54.2% in 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. lifted its stake in Leslie’s by 1,089.6% during the third 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.

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.