Leslie’s’ (LESL) Market Perform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Leslie’s (NASDAQ:LESL) in a report published on Thursday morning,Benzinga reports. Telsey Advisory Group currently has a $3.75 price target on the stock.

LESL has been the subject of several other research reports. William Blair reiterated a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. Mizuho reduced their target price on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, Robert W. Baird dropped 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 equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $3.49.

Leslie’s Trading Up 4.1 %

Shares of Leslie’s stock opened at $2.05 on Thursday. The stock’s fifty day simple moving average is $2.30 and its 200 day simple moving average is $2.71. The company has a market capitalization of $379.68 million, a PE ratio of -17.08 and a beta of 1.11. Leslie’s has a 12 month low of $1.91 and a 12 month high of $8.21.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings results on Monday, November 25th. The company reported $0.02 EPS 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 business had revenue of $397.90 million for the quarter, compared to analyst estimates of $405.19 million. During the same period in the prior year, the business earned $0.14 EPS. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. Analysts predict that Leslie’s will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Leslie’s during the 3rd quarter worth approximately $32,000. Blue Trust Inc. increased its holdings 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 buying an additional 10,144 shares during the last quarter. IHT Wealth Management LLC raised 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 acquiring an additional 5,776 shares in the last quarter. Integrated Investment Consultants LLC lifted its stake in Leslie’s by 36.1% in the third 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 during the last quarter. Finally, Creative Planning bought a new position in shares of Leslie’s in the 3rd quarter valued at about $77,000.

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.