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

Leslie’s, Inc. (NASDAQ:LESL) has earned an average recommendation of “Reduce” from the twelve ratings firms that are currently covering the firm, MarketBeat Ratings 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 target price among brokers that have covered the stock in the last year is $27.25.

A number of equities analysts recently issued reports on LESL shares. Zacks Research raised Leslie’s from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. Wall Street Zen raised Leslie’s to a “sell” rating in a research note on Friday, October 3rd. Mizuho set a $5.00 price target on Leslie’s in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Leslie’s in a research note on Wednesday, October 8th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 price target on shares of Leslie’s in a research note on Wednesday, September 17th.

Leslie’s Price Performance

Shares of LESL stock opened at $3.96 on Wednesday. Leslie’s has a 12-month low of $3.50 and a 12-month high of $72.60. The firm has a market capitalization of $36.75 million, a price-to-earnings ratio of -0.44 and a beta of 1.24. The business has a 50 day simple moving average of $5.63 and a 200 day simple moving average of $9.36.

Hedge Funds Weigh In On Leslie’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Scopia Capital Management LP bought a new position in Leslie’s during the 2nd quarter valued at $41,000. Man Group plc boosted its stake in shares of Leslie’s by 87.1% during the 2nd quarter. Man Group plc now owns 1,016,078 shares of the company’s stock worth $427,000 after acquiring an additional 473,148 shares in the last quarter. Engineers Gate Manager LP boosted its stake in shares of Leslie’s by 309.7% during the 2nd quarter. Engineers Gate Manager LP now owns 61,474 shares of the company’s stock worth $26,000 after acquiring an additional 46,468 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Leslie’s by 2,643.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 407,913 shares of the company’s stock worth $171,000 after acquiring an additional 393,043 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Leslie’s by 61.3% during the 2nd quarter. Jane Street Group LLC now owns 3,570,476 shares of the company’s stock worth $1,499,000 after acquiring an additional 1,356,700 shares in 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.