Leslie’s (NASDAQ:LESL) Receives Neutral Rating from Guggenheim

Leslie’s (NASDAQ:LESL)‘s stock had its “neutral” rating reaffirmed by equities researchers at Guggenheim in a research note issued to investors on Friday,Benzinga reports.

Other equities research analysts also recently issued research reports about the company. Telsey Advisory Group dropped their target price on Leslie’s from $3.75 to $3.00 and set a “market perform” rating for the company in a research report on Friday. Stifel Nicolaus cut their price objective on shares of Leslie’s from $1.90 to $1.55 and set a “sell” rating on the stock in a report on Friday. William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. Mizuho cut their price target on Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, Robert W. Baird decreased their target price on Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.28.

Leslie’s Price Performance

Shares of LESL stock traded down $0.51 during trading hours on Friday, hitting $1.74. 12,706,849 shares of the company’s stock were exchanged, compared to its average volume of 5,363,074. The stock’s 50-day moving average is $2.23 and its 200-day moving average is $2.66. Leslie’s has a 52 week low of $1.69 and a 52 week high of $8.21. The stock has a market cap of $321.34 million, a price-to-earnings ratio of -14.38 and a beta of 1.10.

Leslie’s (NASDAQ:LESL) last announced its earnings results on Thursday, February 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). Leslie’s had a negative return on equity of 6.11% and a negative net margin of 1.76%. Equities research analysts forecast that Leslie’s will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Leslie’s

Institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC bought a new position in shares of Leslie’s in the second quarter worth about $212,000. The Manufacturers Life Insurance Company boosted its position in Leslie’s by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 81,345 shares of the company’s stock valued at $341,000 after buying an additional 4,798 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Leslie’s during the second quarter worth $244,000. Perpetual Ltd bought a new position in shares of Leslie’s in the 3rd quarter valued at $1,787,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Leslie’s during the 3rd quarter valued at $321,000.

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.