Brokerages Set Leslie’s, Inc. (NASDAQ:LESL) PT at $3.61

Shares of Leslie’s, Inc. (NASDAQ:LESL) have been given a consensus rating of “Hold” by the nine research firms that are covering the company, MarketBeat.com reports. One 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 company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $3.61.

LESL has been the topic of a number of recent research reports. 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 report on Tuesday, November 26th. Telsey Advisory Group reduced their price objective on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating for the company in a research note on Tuesday, November 26th. Finally, William Blair reiterated a “market perform” rating on shares of Leslie’s in a research note on Tuesday, November 26th.

Leslie’s Price Performance

LESL opened at $2.44 on Friday. Leslie’s has a 1 year low of $2.20 and a 1 year high of $8.21. The firm’s fifty day moving average price is $2.74 and its two-hundred day moving average price is $3.24. The company has a market capitalization of $451.32 million, a price-to-earnings ratio of -20.33 and a beta of 1.12.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LESL. Virtu Financial LLC raised its holdings in Leslie’s by 205.3% during the 3rd quarter. Virtu Financial LLC now owns 48,496 shares of the company’s stock valued at $153,000 after buying an additional 32,611 shares during the last quarter. Barclays PLC raised its holdings in Leslie’s by 125.1% in the 3rd quarter. Barclays PLC now owns 399,169 shares of the company’s stock worth $1,260,000 after purchasing an additional 221,809 shares in the last quarter. XTX Topco Ltd lifted its position in shares of Leslie’s by 1,219.6% in the 3rd quarter. XTX Topco Ltd now owns 336,539 shares of the company’s stock worth $1,063,000 after purchasing an additional 311,035 shares during the period. Weiss Asset Management LP bought a new stake in shares of Leslie’s during the 3rd quarter valued at about $6,470,000. Finally, State Street Corp grew its holdings in shares of Leslie’s by 7.7% during the 3rd quarter. State Street Corp now owns 8,406,377 shares of the company’s stock worth $26,564,000 after acquiring an additional 601,177 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.