The Goldman Sachs Group Lowers Leslie’s (NASDAQ:LESL) Price Target to $3.00

Leslie’s (NASDAQ:LESL) had its price target reduced by analysts at The Goldman Sachs Group from $4.00 to $3.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 78.57% from the company’s previous close.

A number of other research analysts have also recently issued reports on LESL. Robert W. Baird decreased their price target on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Guggenheim reaffirmed a “neutral” rating on shares of Leslie’s in a research report on Friday, February 7th. Stifel Nicolaus cut their price objective on Leslie’s from $1.90 to $1.55 and set a “sell” rating on the stock in a report on Friday, February 7th. Telsey Advisory Group decreased their target price on Leslie’s from $3.75 to $3.00 and set a “market perform” rating for the company in a report on Friday, February 7th. Finally, William Blair reiterated a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $3.24.

Leslie’s Stock Performance

NASDAQ LESL opened at $1.68 on Tuesday. Leslie’s has a one year low of $1.56 and a one year high of $8.05. The company has a market capitalization of $311.18 million, a price-to-earnings ratio of -11.20 and a beta of 1.10. The company’s 50-day simple moving average is $2.18 and its two-hundred day simple moving average is $2.63.

Leslie’s (NASDAQ:LESL) last announced its earnings results on Thursday, February 6th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). Leslie’s had a negative return on equity of 6.11% and a negative net margin of 2.13%. Equities analysts expect that Leslie’s will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Leslie’s

Several institutional investors have recently bought and sold shares of LESL. Wealth Enhancement Advisory Services LLC purchased a new stake in Leslie’s during the 3rd quarter valued at about $32,000. Blue Trust Inc. increased its holdings in shares of Leslie’s by 1,089.6% in the third quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock valued at $35,000 after purchasing an additional 10,144 shares during the last quarter. IHT Wealth Management LLC lifted 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 buying an additional 5,776 shares in the last quarter. Cibc World Markets Corp acquired a new position in Leslie’s during the fourth quarter worth $38,000. Finally, Gitterman Wealth Management LLC acquired a new position in Leslie’s during the fourth quarter worth $41,000.

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.