Leslie’s (NASDAQ:LESL) Earns “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Leslie’s (NASDAQ:LESL) in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has a $4.00 target price on the stock.

Several other equities research analysts have also recently weighed in on LESL. Bank of America lowered their price target on shares of Leslie’s from $6.40 to $5.15 and set a buy rating for the company in a research report on Thursday, July 18th. Loop Capital reduced their price objective on shares of Leslie’s from $6.00 to $3.00 and set a hold rating for the company in a research note on Friday, July 19th. Stifel Nicolaus lowered shares of Leslie’s from a hold rating to a sell rating and reduced their price objective for the stock from $5.25 to $2.50 in a research note on Thursday, July 18th. Mizuho reduced their price objective on shares of Leslie’s from $6.00 to $4.00 and set a neutral rating for the company in a research note on Tuesday, August 6th. Finally, Jefferies Financial Group reduced their price objective on shares of Leslie’s from $5.00 to $4.00 and set a hold rating for the company in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $3.96.

Leslie’s Stock Performance

Shares of LESL opened at $2.79 on Tuesday. The company has a 50 day moving average price of $3.36 and a 200-day moving average price of $4.98. Leslie’s has a fifty-two week low of $2.42 and a fifty-two week high of $8.21. The stock has a market capitalization of $515.43 million, a PE ratio of 34.88, a PEG ratio of 4.51 and a beta of 1.16.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. Leslie’s had a net margin of 1.06% and a negative return on equity of 12.55%. The firm had revenue of $569.64 million during the quarter, compared to analysts’ expectations of $569.99 million. During the same quarter in the prior year, the company earned $0.40 EPS. The company’s revenue was down 6.8% compared to the same quarter last year. Equities research analysts forecast that Leslie’s will post 0.07 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LESL. nVerses Capital LLC acquired a new position in Leslie’s during the 2nd quarter valued at approximately $26,000. Covestor Ltd boosted its holdings in shares of Leslie’s by 32,510.0% in the 1st quarter. Covestor Ltd now owns 6,522 shares of the company’s stock valued at $42,000 after acquiring an additional 6,502 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Leslie’s in the 2nd quarter valued at $55,000. Los Angeles Capital Management LLC purchased a new stake in shares of Leslie’s in the 2nd quarter valued at $57,000. Finally, RPO LLC purchased a new stake in shares of Leslie’s in the 4th quarter valued at $84,000.

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.