Leslie’s (NASDAQ:LESL) Stock Price Down 3.1%

Leslie’s, Inc. (NASDAQ:LESL)’s share price dropped 3.1% on Friday . The company traded as low as $3.14 and last traded at $3.15. Approximately 343,758 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 4,176,570 shares. The stock had previously closed at $3.25.

Analyst Ratings Changes

Several brokerages have recently issued reports on LESL. Jefferies Financial Group decreased their target price on shares of Leslie’s from $5.00 to $4.00 and set a “hold” rating on the stock in a research report on Wednesday, July 10th. Stifel Nicolaus lowered Leslie’s from a “hold” rating to a “sell” rating and lowered their price objective for the company from $5.25 to $2.50 in a research note on Thursday, July 18th. Loop Capital cut their target price on Leslie’s from $6.00 to $3.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. Bank of America reduced their target price on shares of Leslie’s from $6.40 to $5.15 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 price target on shares of Leslie’s in a report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Leslie’s currently has a consensus rating of “Hold” and an average price target of $3.96.

Leslie’s Stock Performance

The company has a fifty day simple moving average of $3.15 and a two-hundred day simple moving average of $4.73. The firm has a market capitalization of $550.53 million, a PE ratio of 37.25, a PEG ratio of 8.23 and a beta of 1.17.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $569.64 million for the quarter, compared to the consensus estimate of $569.99 million. Leslie’s had a negative return on equity of 6.11% and a net margin of 0.22%. The business’s revenue was down 6.8% compared to the same quarter last year. During the same period last year, the business posted $0.40 EPS. On average, equities analysts anticipate that Leslie’s, Inc. will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Leslie’s

Hedge funds have recently made changes to their positions in the stock. nVerses Capital LLC purchased a new stake in Leslie’s in the second quarter valued at about $26,000. Covestor Ltd raised its stake in Leslie’s by 32,510.0% in the first quarter. Covestor Ltd now owns 6,522 shares of the company’s stock valued at $42,000 after buying an additional 6,502 shares during the last quarter. RPO LLC purchased a new stake in Leslie’s in the fourth quarter valued at about $84,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in Leslie’s in the second quarter valued at about $55,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Leslie’s in the second quarter valued at about $57,000.

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.