Leslie’s (NASDAQ:LESL) Price Target Lowered to $6.00 at Mizuho

Leslie’s (NASDAQ:LESL) had its price target reduced by analysts at Mizuho from $7.00 to $6.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price target would suggest a potential upside of 27.93% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Loop Capital raised their price objective on shares of Leslie’s from $6.00 to $8.00 and gave the stock a “hold” rating in a report on Tuesday, March 5th. Stifel Nicolaus increased their price objective on Leslie’s from $5.40 to $6.30 and gave the company a “hold” rating in a report on Friday, February 2nd. Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 price objective on shares of Leslie’s in a report on Friday, May 3rd. Finally, William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a report on Friday, February 2nd. Ten research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.26.

Leslie’s Trading Down 4.5 %

LESL stock opened at $4.69 on Thursday. Leslie’s has a 1-year low of $3.79 and a 1-year high of $11.68. The stock has a market cap of $865.35 million, a P/E ratio of 46.90, a P/E/G ratio of 0.73 and a beta of 1.06. The stock’s fifty day simple moving average is $5.81 and its two-hundred day simple moving average is $6.13.

Institutional Trading of Leslie’s

A number of hedge funds and other institutional investors have recently bought and sold shares of LESL. Ariel Investments LLC grew its position in shares of Leslie’s by 50.6% during the 3rd quarter. Ariel Investments LLC now owns 24,987,417 shares of the company’s stock valued at $141,429,000 after purchasing an additional 8,398,488 shares in the last quarter. Clarkston Capital Partners LLC grew its position in Leslie’s by 66.7% during the third quarter. Clarkston Capital Partners LLC now owns 15,862,297 shares of the company’s stock worth $89,781,000 after buying an additional 6,346,377 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Leslie’s by 55.1% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 17,115,836 shares of the company’s stock worth $96,876,000 after acquiring an additional 6,078,768 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Leslie’s in the 3rd quarter valued at about $7,423,000. Finally, Natixis Advisors L.P. boosted its position in shares of Leslie’s by 136.6% during the 4th quarter. Natixis Advisors L.P. now owns 2,230,959 shares of the company’s stock valued at $15,415,000 after acquiring an additional 1,288,013 shares during 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.