Telsey Advisory Group Reiterates “Market Perform” Rating for Leslie’s (NASDAQ:LESL)

Telsey Advisory Group reaffirmed their market perform rating on shares of Leslie’s (NASDAQ:LESL) in a research note issued to investors on Friday, Benzinga reports. They currently have a $6.00 price objective on the stock.

Several other equities research analysts have also recently weighed in on the stock. William Blair restated a market perform rating on shares of Leslie’s in a research report on Friday, February 2nd. Mizuho initiated coverage on shares of Leslie’s in a research report on Tuesday, March 19th. They issued a neutral rating and a $7.00 price objective for the company. Stifel Nicolaus increased their price objective on Leslie’s from $5.40 to $6.30 and gave the company a hold rating in a research report on Friday, February 2nd. Finally, Loop Capital boosted their target price on Leslie’s from $6.00 to $8.00 and gave the stock a hold rating in a research report on Tuesday, March 5th. Ten research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $6.37.

Leslie’s Stock Up 1.7 %

LESL stock traded up $0.08 during midday trading on Friday, reaching $4.79. 4,524,724 shares of the company’s stock traded hands, compared to its average volume of 3,178,548. The company has a market cap of $883.82 million, a price-to-earnings ratio of 47.90, a PEG ratio of 0.73 and a beta of 1.06. The company has a 50-day simple moving average of $5.99 and a two-hundred day simple moving average of $6.14. Leslie’s has a 1-year low of $3.79 and a 1-year high of $11.68.

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

Institutional Trading of Leslie’s

Hedge funds have recently bought and sold shares of the stock. Ariel Investments LLC raised its holdings in shares of Leslie’s by 50.6% during the third quarter. Ariel Investments LLC now owns 24,987,417 shares of the company’s stock worth $141,429,000 after acquiring an additional 8,398,488 shares during the period. Vanguard Group Inc. raised its stake in shares of Leslie’s by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 19,116,849 shares of the company’s stock valued at $132,097,000 after purchasing an additional 492,416 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Leslie’s by 55.1% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 17,115,836 shares of the company’s stock valued at $96,876,000 after purchasing an additional 6,078,768 shares in the last quarter. Clarkston Capital Partners LLC boosted its position in shares of Leslie’s by 66.7% during the third quarter. Clarkston Capital Partners LLC now owns 15,862,297 shares of the company’s stock worth $89,781,000 after buying an additional 6,346,377 shares during the period. Finally, DAVENPORT & Co LLC grew its holdings in shares of Leslie’s by 12.4% during the first quarter. DAVENPORT & Co LLC now owns 4,519,246 shares of the company’s stock worth $29,375,000 after buying an additional 500,292 shares in the last quarter.

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.