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Leslie's (NASDAQ:LESL) Shares Gap Down to $4.37

Leslie's logo with Consumer Staples background

Leslie's, Inc. (NASDAQ:LESL - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $4.37, but opened at $4.22. Leslie's shares last traded at $4.24, with a volume of 445,548 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LESL. Mizuho lowered their target price on shares of Leslie's from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, May 9th. Loop Capital upped their price objective on shares of Leslie's from $6.00 to $8.00 and gave the stock a "hold" rating in a research report on Tuesday, March 5th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $6.00 price objective on shares of Leslie's in a research report on Thursday, May 9th. Ten investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $6.26.

Check Out Our Latest Stock Analysis on Leslie's

Leslie's Price Performance

The firm's 50 day moving average is $4.83 and its 200 day moving average is $6.09. The company has a market cap of $768.52 million, a PE ratio of 52.00, a PEG ratio of 0.65 and a beta of 1.21.

Leslie's (NASDAQ:LESL - Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.18). The business had revenue of $188.66 million during the quarter, compared to analyst estimates of $202.69 million. Leslie's had a net margin of 1.06% and a negative return on equity of 12.55%. As a group, analysts anticipate that Leslie's, Inc. will post 0.25 EPS for the current year.


Institutional Investors Weigh In On Leslie's

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LESL. Charles Schwab Investment Management Inc. increased its position in Leslie's by 25.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,657,854 shares of the company's stock valued at $9,383,000 after purchasing an additional 332,440 shares during the period. HighTower Advisors LLC raised its position in shares of Leslie's by 76.3% during the 3rd quarter. HighTower Advisors LLC now owns 137,786 shares of the company's stock valued at $778,000 after purchasing an additional 59,616 shares during the period. Deutsche Bank AG lifted its position in shares of Leslie's by 18.9% in the third quarter. Deutsche Bank AG now owns 87,881 shares of the company's stock valued at $497,000 after acquiring an additional 13,940 shares in the last quarter. Rhumbline Advisers boosted its stake in Leslie's by 9.2% in the 3rd quarter. Rhumbline Advisers now owns 538,254 shares of the company's stock worth $3,046,000 after purchasing an additional 45,238 shares during the period. Finally, Rafferty Asset Management LLC increased its holdings in shares of Leslie's by 47.4% in the third quarter. Rafferty Asset Management LLC now owns 79,503 shares of the company's stock worth $450,000 after purchasing an additional 25,574 shares during the last quarter.

About Leslie's

(Get Free Report)

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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