Leslie’s’ (LESL) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Leslie’s (NASDAQ:LESL) in a report issued on Tuesday morning,Benzinga reports. Telsey Advisory Group currently has a $3.00 price objective on the stock.

LESL has been the subject of several other research reports. William Blair reissued a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. Mizuho reduced their price objective 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. Bank of America cut Leslie’s from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $2.65 to $1.40 in a research note on Tuesday, February 18th. The Goldman Sachs Group reduced their price target on Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Finally, Robert W. Baird set a $3.00 price objective on Leslie’s in a research report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat, Leslie’s currently has an average rating of “Hold” and a consensus price target of $2.65.

Leslie’s Trading Down 6.3 %

LESL stock opened at $0.80 on Tuesday. The business’s fifty day moving average price is $1.57 and its 200 day moving average price is $2.30. Leslie’s has a 12-month low of $0.76 and a 12-month high of $7.70. The company has a market capitalization of $147.89 million, a PE ratio of -5.32 and a beta of 1.20.

Leslie’s (NASDAQ:LESL) last issued its quarterly 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 2.13%.

Institutional Investors Weigh In On Leslie’s

A number of institutional investors and hedge funds have recently bought and sold shares of LESL. Mariner LLC purchased a new position in Leslie’s during the 4th quarter worth approximately $25,000. Ground Swell Capital LLC purchased a new position in shares of Leslie’s during the fourth quarter worth approximately $32,000. Cibc World Markets Corp acquired a new position in shares of Leslie’s in the 4th quarter valued at $38,000. Two Sigma Advisers LP purchased a new stake in Leslie’s in the 4th quarter valued at $39,000. Finally, Gitterman Wealth Management LLC acquired a new stake in Leslie’s during the 4th quarter worth $41,000.

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.