Mizuho Issues Pessimistic Forecast for Leslie's (NASDAQ:LESL) Stock Price

Leslie's (NASDAQ:LESL - Free Report) had its price objective reduced by Mizuho from $3.00 to $1.00 in a research note released on Thursday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Loop Capital dropped their price target on shares of Leslie's from $4.00 to $1.00 and set a "hold" rating for the company in a research report on Friday, May 9th. Telsey Advisory Group lowered 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. Finally, Stifel Nicolaus raised shares of Leslie's from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $2.07.

Leslie's Stock Down 2.5%

Shares of LESL traded down $0.01 during trading on Thursday, reaching $0.43. 4,753,860 shares of the company traded hands, compared to its average volume of 5,388,646. Leslie's has a twelve month low of $0.40 and a twelve month high of $4.22. The stock has a market cap of $79.36 million, a PE ratio of -1.78 and a beta of 1.28. The stock has a 50-day simple moving average of $0.66 and a 200-day simple moving average of $1.14.

Institutional Investors Weigh In On Leslie's

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Leslie's during the 4th quarter worth approximately $1,807,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Leslie's by 13.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 461,502 shares of the company's stock worth $1,029,000 after buying an additional 55,701 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Leslie's by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 900,877 shares of the company's stock worth $2,009,000 after buying an additional 27,615 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Leslie's by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 4,226,600 shares of the company's stock worth $9,428,000 after buying an additional 91,898 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Leslie's by 297.7% during the 4th quarter. Two Sigma Investments LP now owns 474,875 shares of the company's stock worth $1,059,000 after buying an additional 355,474 shares during 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.