Leslie’s, Inc. (NASDAQ:LESL) Given Consensus Recommendation of “Reduce” by Brokerages

Leslie’s, Inc. (NASDAQ:LESLGet Free Report) has been assigned an average rating of “Reduce” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two 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 brokerages that have covered the stock in the last year is $2.85.

LESL has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Leslie’s from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Leslie’s in a research report on Thursday, June 18th. Mizuho dropped their target price on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Friday, May 8th. Finally, Wolfe Research restated an “outperform” rating and issued a $3.00 target price (up from $2.00) on shares of Leslie’s in a report on Thursday, May 14th.

Read Our Latest Analysis on Leslie’s

Institutional Investors Weigh In On Leslie’s

Several institutional investors and hedge funds have recently made changes to their positions in the business. Prescott Group Capital Management L.L.C. acquired a new stake in Leslie’s during the fourth quarter worth approximately $433,000. SG Americas Securities LLC acquired a new position in Leslie’s in the fourth quarter valued at approximately $29,000. Goldman Sachs Group Inc. lifted its position in shares of Leslie’s by 16.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 102,428 shares of the company’s stock valued at $169,000 after acquiring an additional 14,840 shares during the period. Cerity Partners LLC grew its holdings in Leslie’s by 269.7% in the second quarter. Cerity Partners LLC now owns 276,532 shares of the company’s stock worth $116,000 after purchasing an additional 201,731 shares during the period. Finally, Qube Research & Technologies Ltd bought a new stake in Leslie’s in the second quarter valued at $50,000.

Leslie’s Price Performance

Shares of LESL opened at $0.87 on Friday. Leslie’s has a 1 year low of $0.80 and a 1 year high of $12.53. The company has a market capitalization of $8.12 million, a price-to-earnings ratio of -0.03 and a beta of 1.65. The business has a 50-day moving average of $5.64 and a 200-day moving average of $2.94.

Leslie’s (NASDAQ:LESLGet Free Report) last announced its earnings results on Wednesday, May 13th. The company reported ($5.36) EPS for the quarter, missing the consensus estimate of ($4.41) by ($0.95). The company had revenue of $184.74 million during the quarter, compared to analyst estimates of $162.48 million. As a group, sell-side analysts anticipate that Leslie’s will post -2.77 EPS for the current year.

Leslie’s Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Leslie's (NASDAQ:LESL)

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