Leslie’s, Inc. (NASDAQ:LESL) Receives $2.85 Average PT from Analysts

Shares of Leslie’s, Inc. (NASDAQ:LESL) have earned an average recommendation of “Reduce” from the seven research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $2.85.

A number of research firms recently issued reports on LESL. Wall Street Zen raised Leslie’s from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Leslie’s in a report on Thursday, June 18th. Wolfe Research reissued an “outperform” rating and set a $3.00 price objective (up from $2.00) on shares of Leslie’s in a research report on Thursday, May 14th. Finally, Mizuho cut their price objective on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Friday, May 8th.

Leslie’s Stock Up 11.8%

LESL opened at $1.52 on Friday. The stock has a market cap of $14.23 million, a P/E ratio of -0.05 and a beta of 1.74. Leslie’s has a 12 month low of $0.80 and a 12 month high of $12.53. The company has a fifty day simple moving average of $5.40 and a 200 day simple moving average of $2.92.

Leslie’s (NASDAQ:LESL) last posted its earnings results on Wednesday, May 13th. The company reported ($5.36) earnings per share for the quarter, missing the consensus estimate of ($4.41) by ($0.95). The business had revenue of $184.74 million during the quarter, compared to analysts’ expectations of $162.48 million. On average, equities research analysts expect that Leslie’s will post -2.77 earnings per share for the current fiscal year.

Institutional Trading of Leslie’s

A number of institutional investors have recently modified their holdings of the company. Sei Investments Co. acquired a new position in shares of Leslie’s during the first quarter worth about $61,000. Performa Ltd US LLC lifted its stake in Leslie’s by 27.5% in the 1st quarter. Performa Ltd US LLC now owns 148,000 shares of the company’s stock valued at $166,000 after acquiring an additional 31,900 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Leslie’s during the 4th quarter worth approximately $34,000. Barclays PLC bought a new position in shares of Leslie’s during the 4th quarter worth approximately $35,000. Finally, Clearfield Capital Management LP grew its stake in shares of Leslie’s by 520.5% during the 4th quarter. Clearfield Capital Management LP now owns 191,575 shares of the company’s stock worth $316,000 after acquiring an additional 160,703 shares in the last quarter.

Leslie’s Company Profile

Leslie’s, Inc (NASDAQ: LESL) is the largest direct-to-consumer retailer of swimming pool supplies and related equipment in the United States. Through a network of more than 900 company-operated stores and a robust e-commerce platform, the company offers a comprehensive range of pool chemicals, cleaning tools, pumps, filters, heaters and pool accessories. In addition to product retailing, Leslie’s provides in-store and in-home water testing services, equipment installation, repair and ongoing maintenance programs designed to support both residential and commercial pool owners.

Founded in 1963 in North Miami Beach, Florida, Leslie’s has grown from a single neighborhood pool-supply shop into a national specialty retailer.