Leslie’s, Inc. (NASDAQ:LESL) Stock Has Average Price Target of $2.85 According to Brokerages

Leslie’s, Inc. (NASDAQ:LESL) has received a consensus rating of “Reduce” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $2.85.

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

Leslie’s Stock Performance

Shares of NASDAQ LESL opened at $0.10 on Wednesday. Leslie’s has a one year low of $0.09 and a one year high of $12.53. The firm has a market capitalization of $955,332.00, a P/E ratio of -0.00 and a beta of 1.76. The company’s fifty day moving average is $0.53 and its two-hundred day moving average is $2.68.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $3.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.86 by ($0.90). The firm had revenue of $458.49 million for the quarter, compared to analyst estimates of $503.22 million.

Institutional Investors Weigh In On Leslie’s

A hedge fund recently bought a new position in Leslie’s stock. Sei Investments Co. bought a new position in shares of Leslie’s, Inc. (NASDAQ:LESL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 54,851 shares of the company’s stock, valued at approximately $61,000. Sei Investments Co. owned approximately 0.59% of Leslie’s as of its most recent filing with the Securities and Exchange Commission (SEC).

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.