Leslie’s, Inc. (LESL) – What Are Brokerages Thinking About This Stock?

Leslie’s, Inc. (NASDAQ:LESL) has earned a consensus recommendation of “Reduce” from the seven brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $2.85.

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

Leslie’s Price Performance

LESL opened at $0.10 on Wednesday. The company has a 50 day moving average of $0.41 and a two-hundred day moving average of $2.64. Leslie’s has a 52-week low of $0.09 and a 52-week high of $12.53. The company has a market cap of $955,332.00, a P/E ratio of -0.00 and a beta of 1.76.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings results 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.

Hedge Funds Weigh In On Leslie’s

A hedge fund recently raised its stake in Leslie’s stock. Performa Ltd US LLC raised its position in Leslie’s, Inc. (NASDAQ:LESL) by 27.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 148,000 shares of the company’s stock after buying an additional 31,900 shares during the period. Leslie’s makes up about 0.0% of Performa Ltd US LLC’s holdings, making the stock its 18th biggest holding. Performa Ltd US LLC owned approximately 1.59% of Leslie’s worth $166,000 at the end of the most recent quarter.

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 equipment, pumps, filters, heaters, lighting, safety products, parts, accessories and other related supplies for residential and commercial customers.

Through its retail stores and e-commerce platform, Leslie’s serves pool owners, do-it-yourself customers and professional service providers across the United States. Its offerings include both branded products and private-label merchandise, along with water-testing services, product guidance and other support intended to help customers maintain pools and spas.

Founded in 1963, Leslie’s has developed a nationwide omnichannel retail network and also provides repair and replacement parts for pool and spa equipment.