Leslie’s (NASDAQ:LESL) Price Target Cut to $3.00 by Analysts at Telsey Advisory Group

Leslie’s (NASDAQ:LESL) had its price objective cut by Telsey Advisory Group from $3.75 to $3.00 in a report published on Friday morning,Benzinga reports. They currently have a market perform rating on the stock.

Other analysts have also issued research reports about the company. Robert W. Baird cut their target price on Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. William Blair restated a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. Finally, Mizuho reduced their target price on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Leslie’s presently has a consensus rating of “Hold” and a consensus target price of $3.28.

Leslie’s Stock Performance

Leslie’s stock opened at $1.64 on Friday. Leslie’s has a fifty-two week low of $1.63 and a fifty-two week high of $8.21. The stock has a market cap of $303.74 million, a P/E ratio of -10.93 and a beta of 1.10. The firm’s fifty day moving average price is $2.22 and its 200-day moving average price is $2.66.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). Leslie’s had a negative net margin of 2.13% and a negative return on equity of 6.11%. On average, analysts predict that Leslie’s will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Leslie’s

A number of large investors have recently added to or reduced their stakes in the company. Amundi boosted its holdings in shares of Leslie’s by 166.5% during the fourth quarter. Amundi now owns 104,256 shares of the company’s stock worth $227,000 after purchasing an additional 65,132 shares during the period. PNC Financial Services Group Inc. raised its position in Leslie’s by 92.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 21,588 shares of the company’s stock valued at $48,000 after purchasing an additional 10,396 shares during the last quarter. Prescott Group Capital Management L.L.C. lifted its holdings in Leslie’s by 587.5% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 550,000 shares of the company’s stock worth $1,226,000 after buying an additional 470,000 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Leslie’s in the 4th quarter worth approximately $1,807,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Leslie’s by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,699,861 shares of the company’s stock worth $3,791,000 after buying an additional 54,318 shares during the last quarter.

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.