Leslie’s’ (LESL) “Market Perform” Rating Reiterated at William Blair

Leslie’s (NASDAQ:LESL)‘s stock had its “market perform” rating reaffirmed by equities researchers at William Blair in a research note issued on Tuesday,RTT News reports.

A number of other research firms have also recently issued reports on LESL. Mizuho cut their price target on Leslie’s from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Telsey Advisory Group cut their price target on Leslie’s from $4.00 to $3.75 and set a “market perform” rating on the stock in a report on Tuesday. Finally, Robert W. Baird cut their price target on Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Leslie’s currently has an average rating of “Hold” and a consensus target price of $3.89.

Leslie’s Stock Performance

Leslie’s stock opened at $2.48 on Tuesday. The stock has a market capitalization of $458.58 million, a price-to-earnings ratio of -20.92, a PEG ratio of 2.37 and a beta of 1.19. Leslie’s has a 52-week low of $2.31 and a 52-week high of $8.21. The stock’s 50 day moving average price is $2.85 and its two-hundred day moving average price is $3.48.

Institutional Investors Weigh In On Leslie’s

A number of institutional investors and hedge funds have recently bought and sold shares of LESL. nVerses Capital LLC purchased a new stake in Leslie’s in the 2nd quarter valued at $26,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Leslie’s in the 3rd quarter valued at $32,000. Blue Trust Inc. raised its position in Leslie’s by 1,089.6% in the 3rd quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock valued at $35,000 after buying an additional 10,144 shares during the last quarter. IHT Wealth Management LLC raised its position in Leslie’s by 52.6% in the 3rd quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock valued at $51,000 after buying an additional 5,776 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC purchased a new stake in Leslie’s in the 2nd quarter valued at $55,000.

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.