Telsey Advisory Group Reaffirms “Market Perform” Rating for Leslie’s (NASDAQ:LESL)

Telsey Advisory Group restated their market perform rating on shares of Leslie’s (NASDAQ:LESL) in a report released on Thursday morning,Benzinga reports. They currently have a $3.75 price objective on the stock.

Other analysts also recently issued research reports about the stock. Robert W. Baird cut their price target on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, November 26th. William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. Finally, Mizuho lowered their price target on Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $3.49.

Leslie’s Trading Up 4.1 %

Shares of LESL stock opened at $2.05 on Thursday. The stock has a 50 day simple moving average of $2.30 and a 200 day simple moving average of $2.71. Leslie’s has a 1 year low of $1.91 and a 1 year high of $8.21. The stock has a market cap of $379.68 million, a P/E ratio of -17.08 and a beta of 1.11.

Leslie’s (NASDAQ:LESL) last released its earnings results on Monday, November 25th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.09). The company had revenue of $397.90 million for the quarter, compared to analyst estimates of $405.19 million. Leslie’s had a negative return on equity of 6.11% and a negative net margin of 1.76%. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share. Analysts forecast that Leslie’s will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Lind Value II ApS acquired a new stake in shares of Leslie’s in the fourth quarter valued at about $10,258,000. Private Management Group Inc. increased its position in Leslie’s by 121.3% during the 3rd quarter. Private Management Group Inc. now owns 5,569,278 shares of the company’s stock valued at $17,599,000 after purchasing an additional 3,052,539 shares during the period. Weiss Asset Management LP bought a new position in Leslie’s during the 3rd quarter worth approximately $6,470,000. State Street Corp lifted its position in shares of Leslie’s by 7.7% in the 3rd quarter. State Street Corp now owns 8,406,377 shares of the company’s stock worth $26,564,000 after purchasing an additional 601,177 shares during the period. Finally, Perpetual Ltd bought a new stake in shares of Leslie’s in the 3rd quarter valued at $1,787,000.

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.