Leslie’s, Inc. (NASDAQ:LESL) Receives Average Recommendation of “Reduce” from Analysts

Leslie’s, Inc. (NASDAQ:LESL) has earned an average rating of “Reduce” from the eleven research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $29.1250.

Several brokerages have commented on LESL. Telsey Advisory Group restated a “market perform” rating and set a $7.00 target price on shares of Leslie’s in a report on Wednesday, September 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Leslie’s in a report on Saturday, September 27th. Wall Street Zen upgraded shares of Leslie’s to a “sell” rating in a report on Friday. Mizuho dropped their target price on shares of Leslie’s from $60.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, July 3rd. Finally, Morgan Stanley set a $7.00 target price on shares of Leslie’s in a report on Tuesday.

Institutional Trading of Leslie’s

Hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Advisers LP acquired a new stake in shares of Leslie’s in the fourth quarter valued at approximately $39,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Leslie’s by 106.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,279 shares of the company’s stock valued at $27,000 after purchasing an additional 19,257 shares during the last quarter. Performa Ltd US LLC raised its holdings in shares of Leslie’s by 785.7% in the first quarter. Performa Ltd US LLC now owns 46,500 shares of the company’s stock valued at $34,000 after purchasing an additional 41,250 shares during the last quarter. CWM LLC raised its holdings in shares of Leslie’s by 1,149.0% in the first quarter. CWM LLC now owns 46,914 shares of the company’s stock valued at $35,000 after purchasing an additional 43,158 shares during the last quarter. Finally, Engineers Gate Manager LP raised its holdings in shares of Leslie’s by 309.7% in the second quarter. Engineers Gate Manager LP now owns 61,474 shares of the company’s stock valued at $26,000 after purchasing an additional 46,468 shares during the last quarter.

Leslie’s Stock Performance

Shares of LESL stock opened at $4.92 on Friday. The company has a market capitalization of $45.66 million, a P/E ratio of -0.55 and a beta of 1.24. The company’s 50 day moving average price is $6.50 and its two-hundred day moving average price is $10.53. Leslie’s has a 52 week low of $4.85 and a 52 week high of $72.60.

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.