Mizuho Cuts Leslie’s (NASDAQ:LESL) Price Target to $4.00

Leslie’s (NASDAQ:LESL) had its price objective decreased by Mizuho from $6.00 to $4.00 in a report published on Tuesday morning, Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other analysts have also recently commented on LESL. Jefferies Financial Group dropped their price objective on Leslie’s from $5.00 to $4.00 and set a hold rating for the company in a research report on Wednesday, July 10th. Loop Capital reduced their price objective on shares of Leslie’s from $6.00 to $3.00 and set a hold rating on the stock in a research note on Friday, July 19th. Telsey Advisory Group lowered their target price 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, July 18th. Piper Sandler reduced their price target 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. Finally, Bank of America dropped their target price on Leslie’s from $6.40 to $5.15 and set a buy rating for the company in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Leslie’s currently has a consensus rating of Hold and an average target price of $3.96.

Leslie’s Stock Performance

NASDAQ LESL traded down $0.03 during trading hours on Tuesday, reaching $3.13. The company’s stock had a trading volume of 925,018 shares, compared to its average volume of 4,099,028. The stock has a market cap of $578.25 million, a PE ratio of 39.50, a PEG ratio of 4.51 and a beta of 1.16. The company’s 50-day moving average is $3.89 and its two-hundred day moving average is $5.37. Leslie’s has a fifty-two week low of $2.42 and a fifty-two week high of $8.21.

Leslie’s (NASDAQ:LESL) last posted its earnings results on Wednesday, May 8th. The company reported ($0.18) earnings per share (EPS) 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 analyst estimates of $202.69 million. Equities analysts expect that Leslie’s will post 0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Leslie’s

A number of large investors have recently modified their holdings of the stock. Natixis Advisors L.P. increased its position in shares of Leslie’s by 136.6% during the fourth quarter. Natixis Advisors L.P. now owns 2,230,959 shares of the company’s stock worth $15,415,000 after acquiring an additional 1,288,013 shares during the last quarter. Private Management Group Inc. grew its stake in Leslie’s by 93.8% during the 2nd quarter. Private Management Group Inc. now owns 2,516,739 shares of the company’s stock valued at $10,545,000 after purchasing an additional 1,218,047 shares in the last quarter. Clearfield Capital Management LP purchased a new stake in Leslie’s during the 4th quarter worth approximately $4,928,000. DAVENPORT & Co LLC raised its position in shares of Leslie’s by 12.4% in the 1st quarter. DAVENPORT & Co LLC now owns 4,519,246 shares of the company’s stock valued at $29,375,000 after purchasing an additional 500,292 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Leslie’s by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 19,116,849 shares of the company’s stock valued at $132,097,000 after buying an additional 492,416 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.