Leslie's (NASDAQ:LESL) Given New $1.25 Price Target at Telsey Advisory Group

Leslie's (NASDAQ:LESL - Get Free Report) had its target price lowered by stock analysts at Telsey Advisory Group from $3.00 to $1.25 in a research report issued on Friday,Benzinga reports. The firm presently has a "market perform" rating on the stock. Telsey Advisory Group's price target would indicate a potential upside of 40.64% from the company's previous close.

Several other research analysts have also recently issued reports on LESL. The Goldman Sachs Group dropped their target price on Leslie's from $4.00 to $3.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 11th. Bank of America lowered Leslie's from a "buy" rating to an "underperform" rating and cut their price target for the company from $2.65 to $1.40 in a research note on Tuesday, February 18th. Morgan Stanley reduced their target price on Leslie's from $3.00 to $1.50 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Stifel Nicolaus upgraded shares of Leslie's from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Finally, Robert W. Baird set a $3.00 price target on Leslie's in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $2.27.

Leslie's Trading Up 11.8%

Shares of NASDAQ:LESL traded up $0.09 during trading on Friday, reaching $0.89. 2,758,118 shares of the company traded hands, compared to its average volume of 5,406,689. The firm has a market capitalization of $164.63 million, a price-to-earnings ratio of -5.93 and a beta of 1.32. Leslie's has a 52-week low of $0.51 and a 52-week high of $6.02. The business's fifty day moving average is $0.71 and its 200-day moving average is $1.69.

Institutional Investors Weigh In On Leslie's

Large investors have recently added to or reduced their stakes in the company. Clarkston Capital Partners LLC lifted its position in shares of Leslie's by 0.6% in the 1st quarter. Clarkston Capital Partners LLC now owns 23,191,550 shares of the company's stock worth $17,057,000 after buying an additional 138,650 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Leslie's in the first quarter valued at $222,000. Neuberger Berman Group LLC lifted its stake in Leslie's by 29.1% during the first quarter. Neuberger Berman Group LLC now owns 73,520 shares of the company's stock valued at $54,000 after purchasing an additional 16,561 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Leslie's by 17,757.4% during the 1st quarter. Russell Investments Group Ltd. now owns 81,251 shares of the company's stock worth $60,000 after acquiring an additional 80,796 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Leslie's in the first quarter worth approximately $320,000.

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.