Telsey Advisory Group Lowers Leslie’s (NASDAQ:LESL) Price Target to $4.00

Leslie’s (NASDAQ:LESL) had its target price reduced by Telsey Advisory Group from $6.00 to $4.00 in a report issued on Thursday morning, Marketbeat.com reports. They currently have a market perform rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. Jefferies Financial Group dropped their price target on Leslie’s from $5.00 to $4.00 and set a hold rating for the company in a report on Wednesday, July 10th. Mizuho lowered their target price on Leslie’s from $7.00 to $6.00 and set a neutral rating for the company in a research note on Thursday, May 9th. Finally, Stifel Nicolaus downgraded shares of Leslie’s from a hold rating to a sell rating and reduced their price target for the stock from $5.25 to $2.50 in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Leslie’s presently has an average rating of Hold and an average target price of $4.18.

Leslie’s Trading Down 5.3 %

LESL stock opened at $2.68 on Thursday. Leslie’s has a 1-year low of $2.42 and a 1-year high of $8.21. The business’s 50 day moving average is $4.55 and its 200-day moving average is $5.73. The firm has a market cap of $495.11 million, a P/E ratio of 33.50, a P/E/G ratio of 0.41 and a beta of 1.16.

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

Hedge Funds Weigh In On Leslie’s

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates raised its stake in shares of Leslie’s by 24.3% in the 2nd quarter. Raymond James & Associates now owns 2,096,631 shares of the company’s stock valued at $8,785,000 after purchasing an additional 410,128 shares during the period. Wedge Capital Management L L P NC raised its position in Leslie’s by 32.2% in the 2nd 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 lifted its stake in Leslie’s by 85.5% in the 2nd quarter. SG Americas Securities LLC now owns 85,464 shares of the company’s stock valued at $358,000 after acquiring an additional 39,390 shares in the last quarter. Comerica Bank lifted its stake in Leslie’s by 3.3% in the 1st quarter. Comerica Bank now owns 287,063 shares of the company’s stock valued at $1,866,000 after acquiring an additional 9,172 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in Leslie’s by 2.2% during the 1st quarter. Janus Henderson Group PLC now owns 7,320,338 shares of the company’s stock worth $47,581,000 after acquiring an additional 156,938 shares during the last quarter.

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.