Leslie’s, Inc. (NASDAQ:LESL) Stock Has Consensus Price Target of $2.85

Leslie’s, Inc. (NASDAQ:LESL) has been assigned a consensus rating of “Reduce” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $2.85.

Several research analysts have weighed in on LESL shares. Weiss Ratings lowered shares of Leslie’s from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, September 2nd. Wall Street Zen downgraded shares of Leslie’s from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd.

Hedge Funds Weigh In On Leslie’s

A hedge fund recently raised its position in Leslie’s stock. Performa Ltd US LLC raised its position in Leslie’s, Inc. (NASDAQ:LESL) by 27.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 148,000 shares of the company’s stock after acquiring an additional 31,900 shares during the period. Leslie’s comprises approximately 0.0% of Performa Ltd US LLC’s holdings, making the stock its 18th largest holding. Performa Ltd US LLC owned 1.59% of Leslie’s worth $166,000 at the end of the most recent reporting period.

Leslie’s Stock Performance

LESL stock opened at $0.10 on Friday. The firm has a 50 day simple moving average of $0.26 and a 200-day simple moving average of $2.06. The company has a market capitalization of $955,332.00, a P/E ratio of -0.00 and a beta of 1.76. Leslie’s has a twelve month low of $0.09 and a twelve month high of $12.53.

Leslie’s (NASDAQ:LESL) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $3.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.86 by ($0.90). The company had revenue of $458.49 million for the quarter, compared to analysts’ expectations of $503.22 million.

About Leslie’s

Leslie’s, Inc is a specialty retailer focused on swimming pool and spa care. The company sells pool chemicals, cleaning and maintenance supplies, equipment, replacement parts, safety products, outdoor living products and related merchandise to residential and commercial customers.

Leslie’s operates through a network of retail stores and an e-commerce platform, offering products from major manufacturers as well as proprietary brands. Its services include water testing, equipment installation, repair and maintenance support, helping customers maintain pools and spas throughout their useful life.

Founded in 1963, Leslie’s serves customers primarily in the United States.