Brokerages Set Leslie's, Inc. (NASDAQ:LESL) Price Target at $1.71

Shares of Leslie's, Inc. (NASDAQ:LESL - Get Free Report) have been given a consensus rating of "Reduce" by the ten analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $1.71.

A number of research firms have weighed in on LESL. Mizuho reduced their target price on Leslie's from $3.00 to $1.00 and set a "neutral" rating on the stock in a report on Thursday, July 3rd. Loop Capital dropped their price target on 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 dropped their price target on Leslie's from $3.00 to $1.25 and set a "market perform" rating on the stock in a research report on Friday, May 9th. Finally, Stifel Nicolaus raised Leslie's from a "sell" rating to a "hold" rating in a research report on Friday, April 25th.

Leslie's Stock Up 7.1%

Shares of NASDAQ LESL traded up $0.04 during midday trading on Monday, reaching $0.55. The company had a trading volume of 1,910,862 shares, compared to its average volume of 5,055,412. Leslie's has a one year low of $0.38 and a one year high of $3.63. The firm's fifty day moving average price is $0.60 and its 200-day moving average price is $1.00. The stock has a market cap of $102.81 million, a PE ratio of -2.30 and a beta of 1.28.

Institutional Trading of Leslie's

Several institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp raised its stake in shares of Leslie's by 0.4% during the fourth quarter. Northern Trust Corp now owns 2,092,559 shares of the company's stock valued at $4,666,000 after acquiring an additional 7,417 shares in the last quarter. Graham Capital Management L.P. lifted its stake in shares of Leslie's by 4.6% during the fourth quarter. Graham Capital Management L.P. now owns 171,422 shares of the company's stock worth $382,000 after buying an additional 7,493 shares during the period. Kerrisdale Advisers LLC lifted its stake in shares of Leslie's by 6.0% during the fourth quarter. Kerrisdale Advisers LLC now owns 160,438 shares of the company's stock worth $358,000 after buying an additional 9,033 shares during the period. Deutsche Bank AG lifted its stake in shares of Leslie's by 5.3% during the fourth quarter. Deutsche Bank AG now owns 188,312 shares of the company's stock worth $420,000 after buying an additional 9,459 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Leslie's by 92.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 21,588 shares of the company's stock worth $48,000 after purchasing an additional 10,396 shares during the period.

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.