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

Leslie's, Inc. (NASDAQ:LESL - Get Free Report) has been given a consensus recommendation of "Reduce" by the twelve brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and eleven have issued a hold recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $2.27.

LESL has been the subject of several recent analyst reports. Telsey Advisory Group reduced their price objective on shares of 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. Loop Capital cut their price target 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. Stifel Nicolaus upgraded shares of Leslie's from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Finally, Morgan Stanley lowered their price objective on 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.

Institutional Investors Weigh In On Leslie's

Large investors have recently added to or reduced their stakes in the company. Ariel Investments LLC grew its position in Leslie's by 15.1% during 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. Lind Value II ApS lifted its holdings in Leslie's by 97.7% in the 1st 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 period. Renaissance Technologies LLC lifted its stake in Leslie's by 340.4% in the fourth quarter. Renaissance Technologies LLC now owns 3,436,095 shares of the company's stock worth $7,662,000 after acquiring an additional 2,655,795 shares during the period. CenterBook Partners LP purchased a new stake in shares of Leslie's in the 4th quarter worth about $5,838,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Leslie's in the first quarter worth about $1,543,000.

Leslie's Stock Down 8.7%

NASDAQ LESL traded down $0.04 during trading hours on Thursday, hitting $0.45. The company had a trading volume of 27,497,749 shares, compared to its average volume of 5,324,953. Leslie's has a 52 week low of $0.45 and a 52 week high of $4.28. The firm has a 50 day simple moving average of $0.68 and a 200 day simple moving average of $1.24.

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.