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

Leslie’s (NASDAQ:LESL)‘s stock had its “market perform” rating reissued by stock analysts at Telsey Advisory Group in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $3.00 target price on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 252.20% from the stock’s previous close.

A number of other brokerages have also issued reports on LESL. Stifel Nicolaus cut their price objective on shares of Leslie’s from $1.90 to $1.55 and set a “sell” rating for the company in a report on Friday, February 7th. The Goldman Sachs Group cut their price objective on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Mizuho cut their price objective on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Morgan Stanley cut their price objective on shares of Leslie’s from $3.00 to $1.50 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, Robert W. Baird set a $3.00 target price on shares of Leslie’s in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat.com, Leslie’s has a consensus rating of “Hold” and a consensus target price of $2.65.

Leslie’s Trading Up 1.1 %

Leslie’s stock opened at $0.85 on Tuesday. The firm has a 50 day moving average of $1.60 and a 200 day moving average of $2.31. The firm has a market capitalization of $157.78 million, a price-to-earnings ratio of -5.68 and a beta of 1.20. Leslie’s has a 12-month low of $0.76 and a 12-month high of $7.70.

Leslie’s (NASDAQ:LESL) last released its earnings results on Thursday, February 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). Leslie’s had a negative return on equity of 6.11% and a negative net margin of 2.13%.

Institutional Trading of Leslie’s

Several institutional investors and hedge funds have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Leslie’s by 13.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 461,502 shares of the company’s stock valued at $1,029,000 after acquiring an additional 55,701 shares in the last quarter. Two Sigma Advisers LP purchased a new position in Leslie’s in the fourth quarter valued at about $39,000. Two Sigma Investments LP grew its stake in Leslie’s by 297.7% in the fourth quarter. Two Sigma Investments LP now owns 474,875 shares of the company’s stock valued at $1,059,000 after purchasing an additional 355,474 shares during the last quarter. Shay Capital LLC purchased a new position in Leslie’s in the fourth quarter valued at about $1,454,000. Finally, ProShare Advisors LLC grew its stake in Leslie’s by 44.4% in the fourth quarter. ProShare Advisors LLC now owns 54,268 shares of the company’s stock valued at $121,000 after purchasing an additional 16,674 shares during the last quarter.

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.