Leslie’s, Inc. (NASDAQ:LESL) Given Average Recommendation of “Hold” by Brokerages

Leslie’s, Inc. (NASDAQ:LESL) has received an average rating of “Hold” from the ten research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $3.96.

Several equities analysts have weighed in on the company. Mizuho reduced their price objective on Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Stifel Nicolaus downgraded Leslie’s from a “hold” rating to a “sell” rating and cut their price target for the stock from $5.25 to $2.50 in a research note on Thursday, July 18th. Bank of America lowered their price objective on Leslie’s from $6.40 to $5.15 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Loop Capital cut their target price on shares of Leslie’s from $6.00 to $3.00 and set a “hold” rating for the company in a research report on Friday, July 19th. Finally, Piper Sandler lowered their price target on shares of Leslie’s from $6.00 to $3.00 and set a “neutral” rating on the stock in a research report on Thursday, July 18th.

Institutional Trading of Leslie’s

Several institutional investors and hedge funds have recently bought and sold shares of the company. Texas Permanent School Fund Corp raised its position in shares of Leslie’s by 1.7% in the first quarter. Texas Permanent School Fund Corp now owns 160,928 shares of the company’s stock worth $1,046,000 after buying an additional 2,710 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Leslie’s during the 1st quarter valued at about $100,000. SG Americas Securities LLC purchased a new position in shares of Leslie’s during the first quarter worth about $299,000. Oppenheimer & Co. Inc. bought a new position in shares of Leslie’s in the first quarter worth approximately $298,000. Finally, Oppenheimer Asset Management Inc. raised its stake in Leslie’s by 49.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 151,712 shares of the company’s stock valued at $986,000 after purchasing an additional 49,893 shares in the last quarter.

Leslie’s Stock Down 4.0 %

Leslie’s stock opened at $2.91 on Wednesday. The firm has a 50 day moving average price of $2.86 and a 200-day moving average price of $3.60. Leslie’s has a twelve month low of $2.42 and a twelve month high of $8.21. The company has a market capitalization of $538.10 million, a P/E ratio of 145.50, a P/E/G ratio of 2.08 and a beta of 1.19.

About Leslie’s

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.