Leslie’s (NASDAQ:LESL) PT Lowered to $5.15 at Bank of America

Leslie’s (NASDAQ:LESL) had its price target lowered by Bank of America from $6.40 to $5.15 in a research note released on Thursday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also issued reports about the stock. Telsey Advisory Group decreased their price target on shares of Leslie’s from $6.00 to $4.00 and set a market perform rating for the company in a research note on Thursday. Stifel Nicolaus lowered shares of Leslie’s from a hold rating to a sell rating and lowered their target price for the company from $5.25 to $2.50 in a report on Thursday. Mizuho cut their price target 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. Piper Sandler lowered their price objective on Leslie’s from $6.00 to $3.00 and set a neutral rating for the company in a research note on Thursday. Finally, Jefferies Financial Group cut their target price 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $4.18.

Leslie’s Stock Performance

Leslie’s stock opened at $2.68 on Thursday. Leslie’s has a fifty-two week low of $2.42 and a fifty-two week high of $8.21. The stock has a market cap of $495.11 million, a price-to-earnings ratio of 33.50, a PEG ratio of 0.41 and a beta of 1.16. The stock’s 50 day simple moving average is $4.55 and its two-hundred day simple moving average is $5.73.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.18) earnings per share for the quarter, meeting the consensus estimate of ($0.18). The company had revenue of $188.66 million for the quarter, compared to analyst estimates of $202.69 million. Leslie’s had a negative return on equity of 12.55% and a net margin of 1.06%. On average, analysts predict that Leslie’s will post 0.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Natixis Advisors L.P. increased its holdings in Leslie’s by 136.6% in the 4th quarter. Natixis Advisors L.P. now owns 2,230,959 shares of the company’s stock worth $15,415,000 after buying an additional 1,288,013 shares in the last quarter. DAVENPORT & Co LLC raised its position in Leslie’s by 26.6% in the 4th quarter. DAVENPORT & Co LLC now owns 4,018,954 shares of the company’s stock worth $27,771,000 after buying an additional 845,615 shares during the last quarter. Clearfield Capital Management LP purchased a new position in Leslie’s in the 4th quarter worth about $4,928,000. Vanguard Group Inc. raised its position in Leslie’s by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 18,624,433 shares of the company’s stock worth $105,414,000 after buying an additional 647,841 shares during the last quarter. Finally, Raymond James & Associates raised its position in Leslie’s by 24.3% in the 2nd quarter. Raymond James & Associates now owns 2,096,631 shares of the company’s stock worth $8,785,000 after buying an additional 410,128 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.