Brokerages Set Leslie's, Inc. (NASDAQ:LESL) Target Price at $1.60

Key Points

• Leslie's, Inc. (NASDAQ:LESL) has received an average recommendation of "Reduce" from analysts, with a target price set at $1.60.
• Institutional investors have increased their holdings in Leslie's, with notable stakes such as a 340.4% increase from Renaissance Technologies LLC in the last quarter.
• Shares of Leslie's recently traded down 0.9%, currently priced at $0.35, significantly lower than its 52-week high of $3.63.

Leslie's, Inc. (NASDAQ:LESL - Get Free Report) has received an average rating of "Reduce" from the ten analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $1.60.

Several analysts recently weighed in on the company. Wall Street Zen raised Leslie's to a "sell" rating in a report on Saturday, July 26th. Telsey Advisory Group lowered their price target on Leslie's from $0.75 to $0.35 and set a "market perform" rating for the company in a report on Thursday, August 7th. Stifel Nicolaus raised Leslie's from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Loop Capital decreased their price objective on shares of Leslie's from $4.00 to $1.00 and set a "hold" rating for the company in a report on Friday, May 9th. Finally, Mizuho lowered their target price on shares of Leslie's from $3.00 to $1.00 and set a "neutral" rating for the company in a research note on Thursday, July 3rd.

Leslie's Stock Down 7.8%

Shares of LESL traded down $0.0269 during midday trading on Friday, hitting $0.3160. The company had a trading volume of 758,328 shares, compared to its average volume of 5,008,554. The stock has a market cap of $58.65 million, a price-to-earnings ratio of -0.70 and a beta of 1.27. The company's 50 day moving average price is $0.44 and its 200 day moving average price is $0.76. Leslie's has a 52 week low of $0.2680 and a 52 week high of $3.63.

Institutional Trading of Leslie's

Hedge funds have recently made changes to their positions in the stock. Mariner LLC bought a new position in shares of Leslie's during the fourth quarter worth about $25,000. Engineers Gate Manager LP grew its position in Leslie's by 309.7% in the second quarter. Engineers Gate Manager LP now owns 61,474 shares of the company's stock worth $26,000 after buying an additional 46,468 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Leslie's by 106.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,279 shares of the company's stock worth $27,000 after purchasing an additional 19,257 shares during the period. Pallas Capital Advisors LLC boosted its holdings in shares of Leslie's by 168.6% in the second quarter. Pallas Capital Advisors LLC now owns 63,888 shares of the company's stock worth $27,000 after buying an additional 40,100 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Leslie's in the second quarter worth approximately $28,000.

Leslie's Company Profile

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.