Analysts Set Leslie's, Inc. (NASDAQ:LESL) PT at $2.65

Leslie's, Inc. (NASDAQ:LESL - Get Free Report) has earned an average rating of "Reduce" from the twelve brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $2.27.

A number of research firms have weighed in on LESL. Robert W. Baird set a $3.00 target price on Leslie's in a report on Tuesday, February 4th. Morgan Stanley decreased their price target on shares of Leslie's from $3.00 to $1.50 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Loop Capital decreased their price target on shares of Leslie's from $4.00 to $1.00 and set a "hold" rating on the stock in a report on Friday. Telsey Advisory Group cut 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. Finally, Guggenheim reissued a "neutral" rating on shares of Leslie's in a report on Friday, February 7th.

Institutional Trading of Leslie's

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in Leslie's in the fourth quarter valued at approximately $1,807,000. Lind Value II ApS bought a new stake in Leslie's in the fourth quarter valued at approximately $10,258,000. Principal Financial Group Inc. lifted its position in Leslie's by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 900,877 shares of the company's stock valued at $2,009,000 after purchasing an additional 27,615 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Leslie's by 142.5% in the third quarter. JPMorgan Chase & Co. now owns 586,926 shares of the company's stock valued at $1,855,000 after purchasing an additional 344,873 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Leslie's by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 4,226,600 shares of the company's stock valued at $9,428,000 after purchasing an additional 91,898 shares during the last quarter.

Leslie's Price Performance

LESL stock traded up $0.06 during mid-day trading on Wednesday, reaching $0.79. 723,022 shares of the company traded hands, compared to its average volume of 5,415,029. The company has a market capitalization of $146.89 million, a P/E ratio of -5.27 and a beta of 1.32. Leslie's has a 52-week low of $0.51 and a 52-week high of $6.02. The company has a fifty day moving average price of $0.72 and a 200-day moving average price of $1.71.

Leslie's (NASDAQ:LESL - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.02). Leslie's had a negative net margin of 2.13% and a negative return on equity of 6.11%.

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.