Leslie’s, Inc. (NASDAQ:LESL) Receives $4.18 Consensus PT from Brokerages

Shares of Leslie’s, Inc. (NASDAQ:LESL) have received a consensus rating of “Hold” from the ten brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $3.96.

LESL has been the subject of several recent analyst reports. Mizuho decreased their price target on Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Bank of America decreased their price target on Leslie’s from $6.40 to $5.15 and set a “buy” rating for the company in a research note on Thursday, July 18th. Loop Capital cut their price objective on Leslie’s from $6.00 to $3.00 and set a “hold” rating for the company in a report on Friday, July 19th. Jefferies Financial Group cut their price objective on Leslie’s from $5.00 to $4.00 and set a “hold” rating for the company in a report on Wednesday, July 10th. Finally, Stifel Nicolaus lowered Leslie’s from a “hold” rating to a “sell” rating and cut their price objective for the company from $5.25 to $2.50 in a report on Thursday, July 18th.

Institutional Investors Weigh In On Leslie’s

Hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Leslie’s by 12.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,858,936 shares of the company’s stock valued at $12,845,000 after purchasing an additional 201,082 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Leslie’s by 12.4% during the first quarter. DAVENPORT & Co LLC now owns 4,519,246 shares of the company’s stock valued at $29,375,000 after purchasing an additional 500,292 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Leslie’s by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 19,116,849 shares of the company’s stock valued at $132,097,000 after purchasing an additional 492,416 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Leslie’s by 18.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,633,997 shares of the company’s stock valued at $18,201,000 after purchasing an additional 404,635 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Leslie’s during the first quarter valued at $100,000.

Leslie’s Stock Performance

NASDAQ:LESL opened at $3.11 on Monday. Leslie’s has a 1 year low of $2.42 and a 1 year high of $8.21. The stock has a market cap of $574.55 million, a price-to-earnings ratio of 38.88, a PEG ratio of 4.51 and a beta of 1.16. The business has a fifty day moving average of $3.84 and a 200-day moving average of $5.32.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. Leslie’s had a negative return on equity of 12.55% and a net margin of 1.06%. The company had revenue of $569.64 million during the quarter, compared to analysts’ expectations of $569.99 million. During the same quarter in the prior year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. On average, equities research analysts predict that Leslie’s will post 0.07 EPS for the current year.

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.