Leslie’s, Inc. (NASDAQ:LESL) Receives $2.85 Average Price Target from Brokerages

Shares of Leslie’s, Inc. (NASDAQ:LESL) have been given an average recommendation of “Reduce” by the seven analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $2.85.

Several brokerages have weighed in on LESL. Morgan Stanley set a $1.00 target price on Leslie’s and gave the stock an “underweight” rating in a report on Wednesday, February 18th. Wall Street Zen upgraded Leslie’s from a “sell” rating to a “hold” rating in a report on Sunday. Mizuho lowered their target price on Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Friday, May 8th. Wolfe Research reiterated an “outperform” rating and issued a $3.00 target price (up from $2.00) on shares of Leslie’s in a report on Thursday, May 14th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Leslie’s in a report on Wednesday, March 25th.

Leslie’s Trading Up 8.9%

Shares of LESL stock opened at $7.68 on Thursday. Leslie’s has a twelve month low of $0.87 and a twelve month high of $13.57. The stock has a market capitalization of $71.88 million, a price-to-earnings ratio of -0.26 and a beta of 1.95. The stock has a fifty day simple moving average of $3.26 and a two-hundred day simple moving average of $2.15.

Leslie’s (NASDAQ:LESL) last issued its earnings results on Wednesday, May 13th. The company reported ($5.36) earnings per share for the quarter, missing the consensus estimate of ($4.41) by ($0.95). The business had revenue of $184.74 million during the quarter, compared to analyst estimates of $162.48 million. Research analysts predict that Leslie’s will post -2.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Sei Investments Co. bought a new position in shares of Leslie’s in the 1st quarter worth $61,000. Performa Ltd US LLC raised its position in shares of Leslie’s by 27.5% in the 1st quarter. Performa Ltd US LLC now owns 148,000 shares of the company’s stock worth $166,000 after acquiring an additional 31,900 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Leslie’s in the 4th quarter worth $34,000. Barclays PLC bought a new position in shares of Leslie’s in the 4th quarter worth $35,000. Finally, Clearfield Capital Management LP raised its position in shares of Leslie’s by 520.5% in the 4th quarter. Clearfield Capital Management LP now owns 191,575 shares of the company’s stock worth $316,000 after acquiring an additional 160,703 shares in the last quarter.

About Leslie’s

Leslie’s, Inc (NASDAQ: LESL) is the largest direct-to-consumer retailer of swimming pool supplies and related equipment in the United States. Through a network of more than 900 company-operated stores and a robust e-commerce platform, the company offers a comprehensive range of pool chemicals, cleaning tools, pumps, filters, heaters and pool accessories. In addition to product retailing, Leslie’s provides in-store and in-home water testing services, equipment installation, repair and ongoing maintenance programs designed to support both residential and commercial pool owners.

Founded in 1963 in North Miami Beach, Florida, Leslie’s has grown from a single neighborhood pool-supply shop into a national specialty retailer.