Leslie’s, Inc. (NASDAQ:LESL) Receives $2.85 Average Target Price from Brokerages

Shares of Leslie’s, Inc. (NASDAQ:LESL) have received an average recommendation of “Reduce” from the seven ratings firms that are covering the company, Marketbeat reports. Two research 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 12-month target price among brokers that have issued a report on the stock in the last year is $2.85.

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

Institutional Investors Weigh In On Leslie’s

A hedge fund recently raised its position in Leslie’s stock. Performa Ltd US LLC lifted its stake in shares of Leslie’s, Inc. (NASDAQ:LESL) by 27.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,000 shares of the company’s stock after acquiring an additional 31,900 shares during the period. Leslie’s accounts for about 0.0% of Performa Ltd US LLC’s investment portfolio, making the stock its 18th largest position. Performa Ltd US LLC owned 1.59% of Leslie’s worth $166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Leslie’s Stock Performance

Shares of LESL opened at $0.42 on Friday. The company’s 50-day simple moving average is $0.93 and its 200-day simple moving average is $2.77. Leslie’s has a 1 year low of $0.40 and a 1 year high of $12.53. The stock has a market capitalization of $3.92 million, a PE ratio of -0.02 and a beta of 1.69.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $3.96 earnings per share for the quarter, missing analysts’ consensus estimates 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.

Leslie’s Company Profile

Leslie’s, Inc is a specialty retailer and service provider focused on swimming pool and spa care. The company sells a broad selection of pool and spa chemicals, cleaning supplies, equipment, replacement parts, safety products, outdoor living items and related accessories.

Leslie’s also provides services intended to help customers maintain and operate residential and commercial pools, including water testing, equipment installation, repair and maintenance support. Its customers include homeowners, pool professionals and commercial pool operators.

Founded in 1963, Leslie’s serves customers throughout the United States through its retail locations, e-commerce platform and professional sales channels.