Telsey Advisory Group Reaffirms Market Perform Rating for Leslie's (NASDAQ:LESL)

Leslie's (NASDAQ:LESL - Get Free Report)'s stock had its "market perform" rating reiterated by stock analysts at Telsey Advisory Group in a report released on Friday, Benzinga reports. They presently have a $6.00 price target on the stock. Telsey Advisory Group's target price indicates a potential upside of 27.39% from the company's current price.

A number of other equities analysts have also weighed in on the stock. Stifel Nicolaus increased their target price on shares of Leslie's from $5.40 to $6.30 and gave the stock a "hold" rating in a research report on Friday, February 2nd. Mizuho began coverage on shares of Leslie's in a research report on Tuesday, March 19th. They issued a "neutral" rating and a $7.00 price objective for the company. Loop Capital raised their price objective on shares of Leslie's from $6.00 to $8.00 and gave the company a "hold" rating in a research report on Tuesday, March 5th. Finally, William Blair restated a "market perform" rating on shares of Leslie's in a research report on Friday, February 2nd. Ten analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $6.37.

Leslie's Price Performance

NASDAQ:LESL traded up $0.35 on Friday, reaching $4.71. 6,197,159 shares of the company's stock were exchanged, compared to its average volume of 3,163,137. The firm has a market cap of $869.04 million, a price-to-earnings ratio of 46.50, a P/E/G ratio of 0.64 and a beta of 1.06. Leslie's has a 52 week low of $3.79 and a 52 week high of $11.68. The stock has a fifty day simple moving average of $6.04 and a 200-day simple moving average of $6.14.

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

Institutional Investors Weigh In On Leslie's

Several hedge funds have recently bought and sold shares of LESL. SG Americas Securities LLC bought a new stake in Leslie's during the third quarter valued at approximately $120,000. State of Alaska Department of Revenue raised its stake in shares of Leslie's by 16.9% during the third quarter. State of Alaska Department of Revenue now owns 114,563 shares of the company's stock worth $648,000 after acquiring an additional 16,583 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Leslie's during the third quarter worth approximately $109,000. Maryland State Retirement & Pension System raised its stake in shares of Leslie's by 16.8% during the third quarter. Maryland State Retirement & Pension System now owns 67,775 shares of the company's stock worth $384,000 after acquiring an additional 9,759 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of Leslie's by 53.5% during the third quarter. Raymond James & Associates now owns 1,973,002 shares of the company's stock worth $11,167,000 after acquiring an additional 687,943 shares in the last quarter.

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.