Leslie’s, Inc. (NASDAQ:LESL) Receives Consensus Rating of “Hold” from Analysts

Leslie’s, Inc. (NASDAQ:LESL) has received an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $3.61.

A number of research firms have commented on LESL. William Blair restated a “market perform” rating on shares of Leslie’s in a research note on Tuesday, November 26th. Robert W. Baird lowered their price objective on Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. Finally, Telsey Advisory Group lowered their price objective on Leslie’s from $4.00 to $3.75 and set a “market perform” rating on the stock in a research note on Tuesday, November 26th.

Leslie’s Stock Performance

LESL opened at $2.44 on Friday. Leslie’s has a 52-week low of $2.20 and a 52-week high of $8.21. The firm has a market capitalization of $451.32 million, a PE ratio of -20.33 and a beta of 1.12. The business’s 50-day simple moving average is $2.75 and its 200 day simple moving average is $3.28.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings data on Monday, November 25th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). Leslie’s had a negative net margin of 1.76% and a negative return on equity of 6.11%. The business had revenue of $397.90 million during the quarter, compared to analyst estimates of $405.19 million. During the same period in the previous year, the business earned $0.14 earnings per share. The business’s quarterly revenue was down 8.0% on a year-over-year basis. On average, research analysts forecast that Leslie’s will post 0.12 earnings per share for the current year.

Hedge Funds Weigh In On Leslie’s

Large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Leslie’s by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 86,970 shares of the company’s stock worth $566,000 after purchasing an additional 6,101 shares during the period. SG Americas Securities LLC raised its stake in shares of Leslie’s by 85.5% during the 2nd quarter. SG Americas Securities LLC now owns 85,464 shares of the company’s stock worth $358,000 after purchasing an additional 39,390 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of Leslie’s by 32.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 578,108 shares of the company’s stock worth $2,422,000 after purchasing an additional 140,797 shares during the period. Raymond James & Associates raised its stake in shares of Leslie’s by 24.3% during the 2nd quarter. Raymond James & Associates now owns 2,096,631 shares of the company’s stock worth $8,785,000 after purchasing an additional 410,128 shares during the period. Finally, Raymond James Trust N.A. raised its stake in shares of Leslie’s by 22.8% during the 2nd quarter. Raymond James Trust N.A. now owns 96,850 shares of the company’s stock worth $406,000 after purchasing an additional 17,981 shares during the period.

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.