Leslie's (NASDAQ:LESL) Hits New 12-Month Low at $4.36

Leslie's, Inc. (NASDAQ:LESL - Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as $4.36 and last traded at $4.42, with a volume of 166097 shares. The stock had previously closed at $4.59.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LESL shares. Loop Capital lifted their target price on Leslie's from $6.00 to $8.00 and gave the stock a "hold" rating in a research note on Tuesday, March 5th. Stifel Nicolaus lifted their target price on Leslie's from $5.40 to $6.30 and gave the stock a "hold" rating in a research note on Friday, February 2nd. William Blair reiterated a "market perform" rating on shares of Leslie's in a research note on Friday, February 2nd. Telsey Advisory Group reiterated a "market perform" rating and set a $6.00 target price on shares of Leslie's in a research note on Friday, February 2nd. Finally, Mizuho began coverage on Leslie's in a research note on Tuesday, March 19th. They set a "neutral" rating and a $7.00 target price on the stock. Ten research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Leslie's presently has a consensus rating of "Hold" and a consensus target price of $6.37.

Leslie's Stock Performance

The stock has a 50 day moving average of $7.00 and a 200-day moving average of $6.24. The firm has a market capitalization of $846.90 million, a P/E ratio of 45.20, a PEG ratio of 0.70 and a beta of 0.90.

Leslie's (NASDAQ:LESL - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.01. Leslie's had a negative return on equity of 15.00% and a net margin of 1.25%. The firm had revenue of $173.96 million for the quarter, compared to analysts' expectations of $169.17 million. As a group, sell-side analysts expect that Leslie's, Inc. will post 0.23 EPS for the current year.

Institutional Investors Weigh In On Leslie's

Several hedge funds and other institutional investors have recently modified their holdings of LESL. FMR LLC increased its position in shares of Leslie's by 463.1% in the first quarter. FMR LLC now owns 3,080 shares of the company's stock worth $34,000 after purchasing an additional 2,533 shares during the last quarter. Profund Advisors LLC bought a new position in shares of Leslie's in the third quarter worth approximately $58,000. Pathstone Family Office LLC bought a new position in shares of Leslie's in the third quarter worth approximately $69,000. Tower Research Capital LLC TRC increased its position in shares of Leslie's by 113.5% in the third quarter. Tower Research Capital LLC TRC now owns 4,697 shares of the company's stock worth $69,000 after purchasing an additional 2,497 shares during the last quarter. Finally, UBS Group AG increased its position in shares of Leslie's by 20.8% in the second quarter. UBS Group AG now owns 4,763 shares of the company's stock worth $72,000 after purchasing an additional 820 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.