Leslie's, Inc. (NASDAQ:LESL) Given Consensus Rating of "Reduce" by Analysts

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

Several equities research analysts have recently issued reports on the stock. Bank of America cut shares of Leslie's from a "buy" rating to an "underperform" rating and decreased their price objective for the stock from $2.65 to $1.40 in a research report on Tuesday, February 18th. Loop Capital dropped 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. Telsey Advisory Group reduced their price objective on Leslie's from $3.00 to $1.25 and set a "market perform" rating for the company in a research note on Friday, May 9th. Morgan Stanley reduced their price objective on Leslie's from $3.00 to $1.50 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Finally, Guggenheim reissued a "neutral" rating on shares of Leslie's in a report on Friday, February 7th.

Leslie's Stock Up 2.3%

NASDAQ LESL traded up $0.02 during trading on Friday, hitting $0.77. The stock had a trading volume of 2,160,570 shares, compared to its average volume of 5,357,859. The company has a market capitalization of $142.85 million, a PE ratio of -5.14 and a beta of 1.32. The firm has a 50 day moving average price of $0.70 and a 200 day moving average price of $1.50. Leslie's has a twelve month low of $0.51 and a twelve month high of $6.01.

Institutional Trading of Leslie's

Several large investors have recently bought and sold shares of LESL. Mariner LLC acquired a new stake in shares of Leslie's during the fourth quarter valued at $25,000. Ground Swell Capital LLC purchased a new position in shares of Leslie's in the 4th quarter worth about $32,000. Cibc World Markets Corp purchased a new position in shares of Leslie's in the 4th quarter worth about $38,000. Two Sigma Advisers LP purchased a new position in Leslie's in the 4th quarter worth approximately $39,000. Finally, Gitterman Wealth Management LLC purchased a new position in Leslie's in the 4th quarter worth approximately $41,000.

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.