Mizuho Lowers Leslie’s (NASDAQ:LESL) Price Target to $3.00

Leslie’s (NASDAQ:LESL) had its target price dropped by stock analysts at Mizuho from $4.00 to $3.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price objective indicates a potential upside of 30.43% from the stock’s previous close.

LESL has been the topic of several other reports. Robert W. Baird lowered their target price 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. Telsey Advisory Group lowered their price objective on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating on the stock in a research report on Tuesday, November 26th. Finally, William Blair restated a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $3.49.

Leslie’s Price Performance

Shares of Leslie’s stock opened at $2.30 on Monday. The firm’s fifty day simple moving average is $2.59 and its 200-day simple moving average is $2.92. Leslie’s has a 12 month low of $2.02 and a 12 month high of $8.21. The stock has a market capitalization of $425.43 million, a price-to-earnings ratio of -19.17 and a beta of 1.12.

Leslie’s (NASDAQ:LESL) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.02 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 quarter in the prior year, the firm posted $0.14 earnings per share. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. Analysts anticipate that Leslie’s will post 0.08 earnings per share for the current year.

Institutional Trading of Leslie’s

Institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Leslie’s during the 3rd quarter valued at approximately $32,000. Blue Trust Inc. raised its holdings in Leslie’s by 1,089.6% during the third quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock worth $35,000 after purchasing an additional 10,144 shares during the last quarter. IHT Wealth Management LLC raised its holdings in Leslie’s by 52.6% during the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock worth $51,000 after purchasing an additional 5,776 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Leslie’s during the second quarter worth $57,000. Finally, Integrated Investment Consultants LLC boosted its position in shares of Leslie’s by 36.1% in the 3rd quarter. Integrated Investment Consultants LLC now owns 21,500 shares of the company’s stock worth $68,000 after buying an additional 5,700 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.