Telsey Advisory Group Has Lowered Expectations for Leslie's (NASDAQ:LESL) Stock Price

Leslie's (NASDAQ:LESL - Get Free Report) had its target price reduced by investment analysts at Telsey Advisory Group from $3.00 to $1.25 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "market perform" rating on the stock. Telsey Advisory Group's target price indicates a potential upside of 70.60% from the stock's current price.

Several other equities analysts have also recently weighed in on LESL. Bank of America cut shares of Leslie's from a "buy" rating to an "underperform" rating and decreased their price target for the stock from $2.65 to $1.40 in a research note on Tuesday, February 18th. Morgan Stanley decreased their price target on shares of Leslie's from $3.00 to $1.50 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group decreased their price target on shares of Leslie's from $4.00 to $3.00 and set a "neutral" rating for the company in a research note on Tuesday, February 11th. Stifel Nicolaus raised shares of Leslie's from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Leslie's in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating and eleven have given a hold rating to the company's stock. Based on data from MarketBeat, Leslie's has an average rating of "Hold" and a consensus target price of $2.27.

Leslie's Price Performance

Shares of LESL traded up $0.03 during mid-day trading on Friday, hitting $0.73. 1,692,270 shares of the company's stock were exchanged, compared to its average volume of 5,433,096. The company has a market cap of $135.72 million, a PE ratio of -4.88 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 company has a 50-day simple moving average of $0.72 and a 200 day simple moving average of $1.71.

Leslie's (NASDAQ:LESL - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). Leslie's had a negative return on equity of 6.11% and a negative net margin of 2.13%.

Institutional Investors Weigh In On Leslie's

Several large investors have recently made changes to their positions in LESL. Lind Value II ApS acquired a new stake in Leslie's during the 4th quarter valued at $10,258,000. Ariel Investments LLC lifted its holdings in Leslie's by 8.5% during the 4th quarter. Ariel Investments LLC now owns 50,527,789 shares of the company's stock valued at $112,677,000 after purchasing an additional 3,975,268 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Leslie's by 340.4% during the 4th quarter. Renaissance Technologies LLC now owns 3,436,095 shares of the company's stock valued at $7,662,000 after purchasing an additional 2,655,795 shares during the last quarter. CenterBook Partners LP acquired a new stake in Leslie's during the 4th quarter valued at $5,838,000. Finally, BNP Paribas Financial Markets acquired a new stake in Leslie's during the 4th quarter valued at $2,774,000.

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.