Leslie's (NASDAQ:LESL) Given New $0.35 Price Target at Telsey Advisory Group

Key Points

• Telsey Advisory Group has decreased Leslie's price target from $0.75 to $0.35, indicating a potential downside of 3.85% from its current price.
• Leslie's has received mixed reviews from analysts, with a consensus rating of "Hold" and a consensus price target of $1.60.
• The stock has fluctuated significantly, with a fifty-two week low of $0.34 and a high of $3.63, contributing to a current market capitalization of $67.55 million.

Leslie's (NASDAQ:LESL - Get Free Report) had its price target decreased by stock analysts at Telsey Advisory Group from $0.75 to $0.35 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "market perform" rating on the stock. Telsey Advisory Group's target price suggests a potential downside of 3.85% from the company's current price.

Several other research analysts have also weighed in on the stock. Stifel Nicolaus raised shares of Leslie's from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Mizuho dropped their target price on shares of Leslie's from $3.00 to $1.00 and set a "neutral" rating for the company in a report on Thursday, July 3rd. Loop Capital decreased their price target on Leslie's from $4.00 to $1.00 and set a "hold" rating on the stock in a research note on Friday, May 9th. Finally, Wall Street Zen upgraded Leslie's to a "sell" rating in a report on Saturday, July 26th. Two equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $1.60.

Leslie's Stock Performance

Shares of Leslie's stock opened at $0.36 on Thursday. Leslie's has a fifty-two week low of $0.34 and a fifty-two week high of $3.63. The stock has a 50 day moving average of $0.51 and a 200 day moving average of $0.88. The firm has a market capitalization of $67.55 million, a price-to-earnings ratio of -1.52 and a beta of 1.27.

Institutional Trading of Leslie's

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mariner LLC purchased a new stake in Leslie's during the 4th quarter valued at approximately $25,000. Wealth Enhancement Advisory Services LLC lifted its holdings 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 grew its position in Leslie's by 168.6% in the 2nd quarter. Pallas Capital Advisors LLC now owns 63,888 shares of the company's stock valued at $27,000 after buying an additional 40,100 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Leslie's in the 2nd quarter valued at $28,000. Finally, Ground Swell Capital LLC acquired a new position in Leslie's in the 4th quarter valued at $32,000.

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.

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