Leslie’s (NASDAQ:LESL) Trading Down 4.3% – Should You Sell?

Leslie’s, Inc. (NASDAQ:LESL)’s share price was down 4.3% on Tuesday . The stock traded as low as $2.90 and last traded at $2.91. Approximately 114,725 shares changed hands during trading, a decline of 97% from the average daily volume of 4,222,189 shares. The stock had previously closed at $3.04.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LESL shares. Telsey Advisory Group restated a “market perform” rating and set a $4.00 price objective on shares of Leslie’s in a research note on Tuesday, August 27th. Mizuho lowered their price objective on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $3.96.

Leslie’s Stock Performance

The stock has a market cap of $510.35 million, a P/E ratio of 138.00, a P/E/G ratio of 2.00 and a beta of 1.19. The stock’s fifty day simple moving average is $2.85 and its 200-day simple moving average is $3.54.

Institutional Trading of Leslie’s

A number of institutional investors and hedge funds have recently made changes to their positions in LESL. Sei Investments Co. lifted its holdings in shares of Leslie’s by 1.5% during the 1st quarter. Sei Investments Co. now owns 378,492 shares of the company’s stock worth $2,460,000 after acquiring an additional 5,728 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Leslie’s by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 35,967 shares of the company’s stock worth $234,000 after acquiring an additional 2,473 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Leslie’s by 24.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 63,237 shares of the company’s stock worth $411,000 after acquiring an additional 12,519 shares during the period. Blair William & Co. IL lifted its holdings in shares of Leslie’s by 8.8% during the 1st quarter. Blair William & Co. IL now owns 105,112 shares of the company’s stock worth $683,000 after acquiring an additional 8,518 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of Leslie’s by 32,510.0% during the 1st quarter. Covestor Ltd now owns 6,522 shares of the company’s stock worth $42,000 after acquiring an additional 6,502 shares during the period.

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.