Leslie’s, Inc. (NASDAQ:LESL) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Leslie’s, Inc. (NASDAQ:LESL) have been assigned an average rating of “Reduce” from the twelve brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $29.1250.

A number of research firms recently weighed in on LESL. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Leslie’s in a report on Wednesday. Morgan Stanley set a $7.00 price target on shares of Leslie’s in a report on Tuesday, September 30th. Wall Street Zen raised shares of Leslie’s to a “sell” rating in a report on Friday, October 3rd. Zacks Research raised shares of Leslie’s from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. Finally, Mizuho lowered their price target on shares of Leslie’s from $60.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, July 3rd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LESL. Two Sigma Investments LP boosted its stake in Leslie’s by 297.7% during the 4th quarter. Two Sigma Investments LP now owns 474,875 shares of the company’s stock valued at $1,059,000 after acquiring an additional 355,474 shares during the last quarter. Two Sigma Advisers LP bought a new position in Leslie’s during the 4th quarter valued at $39,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Leslie’s by 13.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 461,502 shares of the company’s stock valued at $1,029,000 after acquiring an additional 55,701 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Leslie’s by 106.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,279 shares of the company’s stock valued at $27,000 after acquiring an additional 19,257 shares during the last quarter. Finally, CWM LLC boosted its stake in Leslie’s by 1,149.0% during the 1st quarter. CWM LLC now owns 46,914 shares of the company’s stock valued at $35,000 after acquiring an additional 43,158 shares during the last quarter.

Leslie’s Stock Down 3.8%

Leslie’s stock opened at $4.31 on Friday. Leslie’s has a 52-week low of $4.26 and a 52-week high of $72.60. The firm has a fifty day moving average of $6.08 and a 200-day moving average of $10.10. The firm has a market capitalization of $40.00 million, a P/E ratio of -0.48 and a beta of 1.24.

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.