Leslie’s (NASDAQ:LESL) Stock Rating Reaffirmed by Telsey Advisory Group

Leslie’s (NASDAQ:LESL)‘s stock had its “market perform” rating restated by equities research analysts at Telsey Advisory Group in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $6.00 price objective on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 27.93% from the company’s current price.

Several other analysts also recently commented on the stock. William Blair reissued a “market perform” rating on shares of Leslie’s in a research report on Friday, February 2nd. Mizuho lowered their target price on shares of Leslie’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday. Loop Capital upped their price target on Leslie’s from $6.00 to $8.00 and gave the stock a “hold” rating in a research note on Tuesday, March 5th. Finally, Stifel Nicolaus raised their price objective on Leslie’s from $5.40 to $6.30 and gave the company a “hold” rating in a research note on Friday, February 2nd. Ten research analysts have rated the stock with a hold rating, According to MarketBeat.com, Leslie’s has an average rating of “Hold” and a consensus target price of $6.26.

Leslie’s Price Performance

LESL opened at $4.69 on Thursday. The company has a market capitalization of $865.35 million, a PE ratio of 46.90, a price-to-earnings-growth ratio of 0.73 and a beta of 1.06. The business has a 50-day moving average of $5.81 and a 200-day moving average of $6.13. Leslie’s has a fifty-two week low of $3.79 and a fifty-two week high of $11.68.

Hedge Funds Weigh In On Leslie’s

Large investors have recently bought and sold shares of the stock. Natixis Advisors L.P. increased its holdings in shares of Leslie’s by 49.0% during the 3rd quarter. Natixis Advisors L.P. now owns 942,946 shares of the company’s stock worth $5,337,000 after purchasing an additional 309,911 shares during the period. DAVENPORT & Co LLC increased its position in shares of Leslie’s by 26.6% during the fourth quarter. DAVENPORT & Co LLC now owns 4,018,954 shares of the company’s stock valued at $27,771,000 after purchasing an additional 845,615 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of Leslie’s in the third quarter valued at $534,000. Principal Financial Group Inc. raised its stake in shares of Leslie’s by 16.6% in the third quarter. Principal Financial Group Inc. now owns 990,389 shares of the company’s stock valued at $5,606,000 after purchasing an additional 140,932 shares in the last quarter. Finally, Ariel Investments LLC boosted its stake in Leslie’s by 50.6% during the third quarter. Ariel Investments LLC now owns 24,987,417 shares of the company’s stock worth $141,429,000 after buying an additional 8,398,488 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.