Shares of Leslie's, Inc. (NASDAQ:LESL) have received an average recommendation of "Buy" from the fourteen analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $32.42.
Several analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Leslie's in a research report on Thursday, August 5th. They set a "buy" rating and a $39.00 price target on the stock. Wolfe Research reiterated a "buy" rating and set a $35.00 price target on shares of Leslie's in a research report on Thursday, August 5th. Stifel Nicolaus assumed coverage on shares of Leslie's in a research report on Thursday, September 9th. They set a "buy" rating and a $28.00 price target on the stock. Bank of America upgraded shares of Leslie's from a "neutral" rating to a "buy" rating and set a $36.00 price target on the stock in a research report on Friday, August 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Leslie's from a "buy" rating to a "hold" rating in a research report on Thursday, August 12th.
In related news, insider Steven M. Weddell sold 25,976 shares of Leslie's stock in a transaction on Tuesday, June 29th. The shares were sold at an average price of $26.81, for a total transaction of $696,416.56. Following the completion of the transaction, the insider now owns 1,386,377 shares of the company's stock, valued at $37,168,767.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Paula Baker sold 2,832 shares of Leslie's stock in a transaction on Tuesday, June 29th. The stock was sold at an average price of $26.81, for a total transaction of $75,925.92. Following the transaction, the executive now directly owns 151,171 shares of the company's stock, valued at approximately $4,052,894.51. The disclosure for this sale can be found here. In the last quarter, insiders have sold 857,357 shares of company stock worth $22,985,741.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sandy Spring Bank bought a new stake in Leslie's in the second quarter valued at $27,000. American International Group Inc. increased its stake in Leslie's by 48.0% in the first quarter. American International Group Inc. now owns 1,194 shares of the company's stock valued at $29,000 after purchasing an additional 387 shares in the last quarter. Advisory Services Network LLC bought a new stake in Leslie's in the second quarter valued at $49,000. Macquarie Group Ltd. bought a new stake in Leslie's in the second quarter valued at $104,000. Finally, Panagora Asset Management Inc. bought a new stake in Leslie's in the first quarter valued at $121,000. 90.13% of the stock is owned by institutional investors and hedge funds.
Leslie's stock opened at $22.54 on Friday. Leslie's has a 52 week low of $19.15 and a 52 week high of $32.84. The business's 50-day simple moving average is $24.12 and its 200-day simple moving average is $25.58. The firm has a market capitalization of $4.28 billion and a PE ratio of 33.15.
Leslie's (NASDAQ:LESL) last announced its earnings results on Wednesday, August 4th. The company reported $0.64 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.56 by $0.08. The business had revenue of $596.50 million for the quarter, compared to the consensus estimate of $571.81 million. The firm's revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share. On average, analysts predict that Leslie's will post 0.74 earnings per share for the current year.
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, which primarily consist of maintenance items, such as chemicals, equipment and parts, and cleaning and maintenance equipment, as well as safety, recreational, and fitness-related products.
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