Telsey Advisory Group Comments on Leslie’s, Inc.’s Q3 2024 Earnings (NASDAQ:LESL)

Leslie’s, Inc. (NASDAQ:LESL) – Investment analysts at Telsey Advisory Group lowered their Q3 2024 earnings per share (EPS) estimates for shares of Leslie’s in a research report issued to clients and investors on Thursday, July 18th. Telsey Advisory Group analyst D. Telsey now anticipates that the company will post earnings per share of $0.32 for the quarter, down from their previous estimate of $0.42. Telsey Advisory Group currently has a “Market Perform” rating and a $4.00 price target on the stock. The consensus estimate for Leslie’s’ current full-year earnings is $0.14 per share.

Several other equities research analysts also recently issued reports on the company. Mizuho dropped their price objective on Leslie’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. Stifel Nicolaus lowered Leslie’s from a “hold” rating to a “sell” rating and reduced their price objective for the company from $5.25 to $2.50 in a research report on Thursday, July 18th. Piper Sandler cut their target price on Leslie’s from $6.00 to $3.00 and set a “neutral” rating on the stock in a research note on Thursday, July 18th. 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. Finally, Bank of America dropped their price objective on Leslie’s from $6.40 to $5.15 and set a “buy” rating on the stock in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Leslie’s has an average rating of “Hold” and an average target price of $4.18.

Leslie’s Stock Down 3.4 %

LESL stock opened at $2.84 on Monday. Leslie’s has a 52-week low of $2.42 and a 52-week high of $8.21. The stock’s 50 day moving average is $4.44 and its two-hundred day moving average is $5.67. The company has a market capitalization of $524.66 million, a PE ratio of 35.50, a P/E/G ratio of 2.25 and a beta of 1.16.

Leslie’s (NASDAQ:LESL) last announced its earnings results on Wednesday, May 8th. The company reported ($0.18) EPS for the quarter, meeting the consensus estimate of ($0.18). The business had revenue of $188.66 million for the quarter, compared to the consensus estimate of $202.69 million. Leslie’s had a negative return on equity of 12.55% and a net margin of 1.06%.

Institutional Investors Weigh In On Leslie’s

A number of institutional investors and hedge funds have recently modified their holdings of LESL. Covestor Ltd grew its holdings in shares of Leslie’s by 32,510.0% during the first quarter. Covestor Ltd now owns 6,522 shares of the company’s stock valued at $42,000 after buying an additional 6,502 shares in the last quarter. RPO LLC purchased a new position in Leslie’s in the fourth quarter valued at about $84,000. Envestnet Portfolio Solutions Inc. purchased a new position in Leslie’s in the first quarter valued at about $100,000. GAMMA Investing LLC purchased a new position in Leslie’s in the fourth quarter valued at about $101,000. Finally, Blueshift Asset Management LLC grew its stake in Leslie’s by 9.0% in the fourth quarter. Blueshift Asset Management LLC now owns 16,787 shares of the company’s stock valued at $116,000 after purchasing an additional 1,385 shares in 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.