Piper Sandler Trims Leslie’s (NASDAQ:LESL) Target Price to $3.00

Leslie’s (NASDAQ:LESL) had its target price reduced by Piper Sandler from $6.00 to $3.00 in a research note issued to investors on Thursday, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

LESL has been the topic of a number of other research reports. Telsey Advisory Group reduced their price objective on Leslie’s from $6.00 to $4.00 and set a market perform rating on the stock in a research note on Thursday. Mizuho reduced their price objective on Leslie’s from $7.00 to $6.00 and set a neutral rating on the stock in a research note on Thursday, May 9th. Jefferies Financial Group reduced their price objective on Leslie’s from $5.00 to $4.00 and set a hold rating on the stock in a research note on Wednesday, July 10th. Finally, Stifel Nicolaus cut Leslie’s from a hold rating to a sell rating and reduced their price objective for the stock from $5.25 to $2.50 in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $4.18.

Leslie’s Trading Down 5.1 %

Shares of Leslie’s stock opened at $2.69 on Thursday. Leslie’s has a twelve month low of $2.42 and a twelve month high of $8.21. The stock has a market capitalization of $496.03 million, a P/E ratio of 33.56, a PEG ratio of 0.44 and a beta of 1.16. The business’s fifty day moving average price is $4.55 and its 200 day moving average price is $5.73.

Leslie’s (NASDAQ:LESL) last issued its earnings results on Wednesday, May 8th. The company reported ($0.18) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.18). Leslie’s had a negative return on equity of 12.55% and a net margin of 1.06%. The firm had revenue of $188.66 million for the quarter, compared to analysts’ expectations of $202.69 million. As a group, sell-side analysts predict that Leslie’s will post 0.24 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Raymond James & Associates lifted its stake in shares of Leslie’s by 24.3% in the second quarter. Raymond James & Associates now owns 2,096,631 shares of the company’s stock worth $8,785,000 after acquiring an additional 410,128 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in Leslie’s by 32.2% in the second quarter. Wedge Capital Management L L P NC now owns 578,108 shares of the company’s stock valued at $2,422,000 after buying an additional 140,797 shares during the last quarter. SG Americas Securities LLC increased its holdings in Leslie’s by 85.5% in the second quarter. SG Americas Securities LLC now owns 85,464 shares of the company’s stock valued at $358,000 after buying an additional 39,390 shares during the last quarter. Comerica Bank increased its holdings in Leslie’s by 3.3% in the first quarter. Comerica Bank now owns 287,063 shares of the company’s stock valued at $1,866,000 after buying an additional 9,172 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Leslie’s by 2.2% in the first quarter. Janus Henderson Group PLC now owns 7,320,338 shares of the company’s stock valued at $47,581,000 after buying an additional 156,938 shares during 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.