Shares of Leslie’s, Inc. (NASDAQ:LESL – Get Free Report) have been given an average recommendation of “Reduce” by the seven brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $2.85.
A number of research firms have recently weighed in on LESL. Weiss Ratings reissued a “sell (e+)” rating on shares of Leslie’s in a research note on Wednesday, March 25th. Morgan Stanley set a $1.00 price target on Leslie’s and gave the company an “underweight” rating in a report on Wednesday, February 18th. Mizuho decreased their target price on Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Friday, May 8th. Wolfe Research restated an “outperform” rating and set a $3.00 target price (up from $2.00) on shares of Leslie’s in a report on Thursday, May 14th. Finally, Zacks Research raised shares of Leslie’s from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th.
View Our Latest Analysis on Leslie’s
Leslie’s Price Performance
Leslie’s (NASDAQ:LESL – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($5.36) earnings per share for the quarter, missing the consensus estimate of ($4.41) by ($0.95). The business had revenue of $184.74 million during the quarter, compared to analyst estimates of $162.48 million. As a group, research analysts expect that Leslie’s will post -2.73 earnings per share for the current year.
Institutional Trading of Leslie’s
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Engineers Gate Manager LP increased its stake in shares of Leslie’s by 309.7% during the second quarter. Engineers Gate Manager LP now owns 61,474 shares of the company’s stock valued at $26,000 after buying an additional 46,468 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Leslie’s during the 4th quarter worth approximately $29,000. Quadrature Capital Ltd purchased a new position in shares of Leslie’s during the 4th quarter valued at approximately $34,000. Barclays PLC acquired a new position in Leslie’s in the 4th quarter valued at $35,000. Finally, Scopia Capital Management LP acquired a new stake in shares of Leslie’s in the 2nd quarter worth $41,000.
Leslie’s Company Profile
Leslie’s, Inc (NASDAQ: LESL) is the largest direct-to-consumer retailer of swimming pool supplies and related equipment in the United States. Through a network of more than 900 company-operated stores and a robust e-commerce platform, the company offers a comprehensive range of pool chemicals, cleaning tools, pumps, filters, heaters and pool accessories. In addition to product retailing, Leslie’s provides in-store and in-home water testing services, equipment installation, repair and ongoing maintenance programs designed to support both residential and commercial pool owners.
Founded in 1963 in North Miami Beach, Florida, Leslie’s has grown from a single neighborhood pool-supply shop into a national specialty retailer.
Featured Articles
- Five stocks we like better than Leslie’s
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
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.
