Brokerages Set Leslie’s, Inc. (NASDAQ:LESL) PT at $2.65

Leslie’s, Inc. (NASDAQ:LESL) has earned a consensus rating of “Reduce” from the twelve analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $2.27.

A number of equities research analysts have weighed in on the company. Morgan Stanley decreased their target price on Leslie’s from $3.00 to $1.50 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Telsey Advisory Group decreased their price objective on Leslie’s from $3.00 to $1.25 and set a “market perform” rating for the company in a report on Friday, May 9th. Stifel Nicolaus raised shares of Leslie’s from a “sell” rating to a “hold” rating in a research note on Friday, April 25th. Loop Capital cut their target price on shares of Leslie’s from $4.00 to $1.00 and set a “hold” rating on the stock in a research report on Friday, May 9th. Finally, The Goldman Sachs Group reduced their price target on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th.

Leslie’s Price Performance

Shares of LESL stock opened at $0.80 on Wednesday. The company has a market capitalization of $147.26 million, a P/E ratio of -5.30 and a beta of 1.32. The company’s 50-day simple moving average is $0.71 and its two-hundred day simple moving average is $1.69. Leslie’s has a one year low of $0.51 and a one year high of $6.02.

Institutional Trading of Leslie’s

Several large investors have recently bought and sold shares of the stock. Neuberger Berman Group LLC raised its holdings in shares of Leslie’s by 29.1% in the first quarter. Neuberger Berman Group LLC now owns 73,520 shares of the company’s stock worth $54,000 after buying an additional 16,561 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Leslie’s by 17,757.4% in the 1st quarter. Russell Investments Group Ltd. now owns 81,251 shares of the company’s stock valued at $60,000 after acquiring an additional 80,796 shares during the period. Nuveen LLC purchased a new position in Leslie’s in the 1st quarter worth $320,000. Primecap Management Co. CA lifted its position in Leslie’s by 4.0% during the 1st quarter. Primecap Management Co. CA now owns 1,311,130 shares of the company’s stock worth $964,000 after acquiring an additional 50,230 shares during the period. Finally, Performa Ltd US LLC lifted its position in Leslie’s by 785.7% during the 1st quarter. Performa Ltd US LLC now owns 46,500 shares of the company’s stock worth $34,000 after acquiring an additional 41,250 shares during the period.

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.