Leslie’s (NASDAQ:LESL) Trading Up 5.6%

Leslie’s, Inc. (NASDAQ:LESL)’s share price was up 5.6% during mid-day trading on Monday . The stock traded as high as $3.02 and last traded at $3.02. Approximately 1,137,999 shares changed hands during trading, a decline of 73% from the average daily volume of 4,203,674 shares. The stock had previously closed at $2.86.

Analyst Upgrades and Downgrades

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

Leslie’s Trading Up 12.9 %

The business has a 50 day moving average of $2.95 and a 200-day moving average of $4.22. The firm has a market capitalization of $596.72 million, a P/E ratio of 37.88, a PEG ratio of 8.30 and a beta of 1.17.

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

Hedge Funds Weigh In On Leslie’s

Hedge funds have recently made changes to their positions in the business. Capstone Investment Advisors LLC bought a new stake in shares of Leslie’s during the 4th quarter worth approximately $165,000. Brown Brothers Harriman & Co. increased its stake in shares of Leslie’s by 21.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 57,038 shares of the company’s stock worth $394,000 after purchasing an additional 10,000 shares during the last quarter. Blueshift Asset Management LLC increased its stake in shares of Leslie’s by 9.0% during the 4th quarter. Blueshift Asset Management LLC now owns 16,787 shares of the company’s stock worth $116,000 after purchasing an additional 1,385 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Leslie’s by 17.9% during the 4th quarter. Neuberger Berman Group LLC now owns 59,201 shares of the company’s stock worth $409,000 after purchasing an additional 8,980 shares during the last quarter. Finally, Clearfield Capital Management LP acquired a new position in shares of Leslie’s during the 4th quarter worth about $4,928,000.

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.