Leslie’s (NASDAQ:LESL) Shares Gap Down to $4.37

Leslie’s, Inc. (NASDAQ:LESLGet Free Report)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $4.37, but opened at $4.22. Leslie’s shares last traded at $4.24, with a volume of 445,548 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LESL. Loop Capital lifted 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. Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 price target on shares of Leslie’s in a report on Thursday, May 9th. Finally, Mizuho lowered their price target on shares of Leslie’s from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Ten equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.26.

Read Our Latest Stock Report on Leslie’s

Leslie’s Trading Down 4.3 %

The business’s fifty day simple moving average is $4.83 and its 200 day simple moving average is $6.10. The stock has a market cap of $772.21 million, a price-to-earnings ratio of 52.25, a price-to-earnings-growth ratio of 0.65 and a beta of 1.21.

Leslie’s (NASDAQ:LESLGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported ($0.18) EPS for the quarter, hitting analysts’ consensus estimates of ($0.18). Leslie’s had a net margin of 1.06% and a negative return on equity of 12.55%. The firm had revenue of $188.66 million during the quarter, compared to analyst estimates of $202.69 million. As a group, research analysts anticipate that Leslie’s, Inc. will post 0.25 earnings per share for the current year.

Institutional Trading of Leslie’s

Institutional investors have recently bought and sold shares of the business. Covestor Ltd grew its holdings in shares of Leslie’s by 32,510.0% in the 1st quarter. Covestor Ltd now owns 6,522 shares of the company’s stock valued at $42,000 after buying an additional 6,502 shares during the period. Profund Advisors LLC acquired a new position in shares of Leslie’s in the 3rd quarter valued at $58,000. RPO LLC acquired a new position in shares of Leslie’s in the 4th quarter valued at $84,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Leslie’s in the 3rd quarter valued at $74,000. Finally, GAMMA Investing LLC acquired a new position in shares of Leslie’s in the 4th quarter valued at $101,000.

About Leslie’s

(Get Free Report)

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.

See Also

Receive News & Ratings for Leslie's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leslie's and related companies with MarketBeat.com's FREE daily email newsletter.