Leslie's, Inc. (NASDAQ:LESL) Given Average Recommendation of "Reduce" by Brokerages

Shares of Leslie's, Inc. (NASDAQ:LESL - Get Free Report) have received a consensus recommendation of "Reduce" from the twelve ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and eleven have assigned a hold recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $2.27.

A number of brokerages have issued reports on LESL. Guggenheim restated a "neutral" rating on shares of Leslie's in a research report on Friday, February 7th. Loop Capital decreased 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. The Goldman Sachs Group decreased their target price on shares of Leslie's from $4.00 to $3.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 11th. Morgan Stanley decreased their target price on shares of Leslie's from $3.00 to $1.50 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Finally, Robert W. Baird set a $3.00 price target on shares of Leslie's in a research report on Tuesday, February 4th.

Leslie's Price Performance

Shares of NASDAQ:LESL remained flat at $0.80 on Friday. 1,544,903 shares of the company's stock were exchanged, compared to its average volume of 5,336,307. The company's fifty day moving average price is $0.70 and its two-hundred day moving average price is $1.47. Leslie's has a 1 year low of $0.51 and a 1 year high of $5.79. The firm has a market cap of $147.45 million, a P/E ratio of -5.30 and a beta of 1.42.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Ariel Investments LLC increased its stake in Leslie's by 15.1% in the first quarter. Ariel Investments LLC now owns 58,177,415 shares of the company's stock valued at $42,789,000 after acquiring an additional 7,649,626 shares during the last quarter. Clarkston Capital Partners LLC grew its stake in shares of Leslie's by 0.6% during the first quarter. Clarkston Capital Partners LLC now owns 23,191,550 shares of the company's stock worth $17,057,000 after buying an additional 138,650 shares during the last quarter. Lind Value II ApS grew its stake in shares of Leslie's by 97.7% during the first quarter. Lind Value II ApS now owns 9,092,401 shares of the company's stock worth $6,687,000 after buying an additional 4,492,185 shares during the last quarter. Private Management Group Inc. increased its position in shares of Leslie's by 14.2% during the first quarter. Private Management Group Inc. now owns 5,702,823 shares of the company's stock worth $4,194,000 after acquiring an additional 709,664 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Leslie's by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 4,226,600 shares of the company's stock worth $9,428,000 after acquiring an additional 91,898 shares in the last quarter.

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.