Telsey Advisory Group Cuts Leslie’s (NASDAQ:LESL) Price Target to $3.00

Leslie’s (NASDAQ:LESL) had its price objective reduced by investment analysts at Telsey Advisory Group from $3.75 to $3.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s target price suggests a potential upside of 33.93% from the company’s previous close.

A number of other research analysts also recently commented on the stock. Robert W. Baird decreased their price objective on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Tuesday, November 26th. Mizuho decreased their price objective on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, William Blair reissued a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $3.39.

Leslie’s Trading Up 0.9 %

Leslie’s stock opened at $2.24 on Friday. The company has a market cap of $414.87 million, a P/E ratio of -18.67 and a beta of 1.10. Leslie’s has a 1-year low of $1.91 and a 1-year high of $8.21. The company has a fifty day simple moving average of $2.23 and a 200 day simple moving average of $2.66.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings data 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 net margin of 1.76% and a negative return on equity of 6.11%. On average, equities research analysts forecast that Leslie’s will post 0.08 EPS for the current year.

Institutional Trading of Leslie’s

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Prescott Group Capital Management L.L.C. raised its stake in Leslie’s by 587.5% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 550,000 shares of the company’s stock worth $1,226,000 after purchasing an additional 470,000 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Leslie’s in the 4th quarter valued at approximately $1,807,000. Charles Schwab Investment Management Inc. raised its position in shares of Leslie’s by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,699,861 shares of the company’s stock valued at $3,791,000 after buying an additional 54,318 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Leslie’s by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 900,877 shares of the company’s stock valued at $2,009,000 after buying an additional 27,615 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Leslie’s by 9.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,136,076 shares of the company’s stock valued at $6,993,000 after buying an additional 258,686 shares in the last quarter.

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.