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

Leslie’s, Inc. (NASDAQ:LESL) has earned a consensus rating of “Hold” from the ten brokerages that are presently covering the company, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $6.37.

Several research firms recently weighed in on LESL. Loop Capital raised their target price on shares of Leslie’s from $6.00 to $8.00 and gave the company a “hold” rating in a research note on Tuesday, March 5th. Stifel Nicolaus raised their target price on shares of Leslie’s from $5.40 to $6.30 and gave the company a “hold” rating in a research note on Friday, February 2nd. Mizuho began coverage on shares of Leslie’s in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $7.00 target price for the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $6.00 price target on shares of Leslie’s in a report on Friday, February 2nd. Finally, William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a report on Friday, February 2nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LESL. Profund Advisors LLC bought a new position in Leslie’s in the third quarter valued at about $58,000. Pathstone Family Office LLC bought a new position in Leslie’s in the third quarter valued at about $69,000. Envestnet Portfolio Solutions Inc. bought a new position in Leslie’s in the third quarter valued at about $74,000. RPO LLC bought a new position in Leslie’s in the fourth quarter valued at about $84,000. Finally, Blueshift Asset Management LLC bought a new position in Leslie’s in the third quarter valued at about $87,000.

Leslie’s Stock Performance

NASDAQ LESL opened at $4.13 on Friday. The business has a 50 day simple moving average of $6.14 and a 200 day simple moving average of $6.17. Leslie’s has a 52-week low of $3.79 and a 52-week high of $11.68. The stock has a market cap of $762.04 million, a price-to-earnings ratio of 41.30, a PEG ratio of 0.64 and a beta of 0.90.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings results on Thursday, February 1st. The company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.01. The company had revenue of $173.96 million during the quarter, compared to analysts’ expectations of $169.17 million. Leslie’s had a net margin of 1.25% and a negative return on equity of 15.00%. On average, analysts predict that Leslie’s will post 0.23 EPS for the current year.

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.