Leslie’s (NASDAQ:LESL) Price Target Lowered to $3.00 at Mizuho

Leslie’s (NASDAQ:LESL) had its price objective lowered by Mizuho from $4.00 to $3.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts also recently commented on LESL. Telsey Advisory Group lowered their price target on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” 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 research note on Tuesday, November 26th. Finally, Robert W. Baird cut their price target on Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $3.49.

Leslie’s Price Performance

Shares of Leslie’s stock opened at $2.18 on Monday. The business has a 50 day moving average price of $2.55 and a 200 day moving average price of $2.89. The company has a market capitalization of $403.23 million, a P/E ratio of -18.17 and a beta of 1.11. Leslie’s has a 1 year low of $2.02 and a 1 year high of $8.21.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings results on Monday, November 25th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). The company had revenue of $397.90 million during 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 was down 8.0% compared to the same quarter last year. During the same period last year, the firm earned $0.14 earnings per share. As a group, research analysts expect that Leslie’s will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Leslie’s

A number of hedge funds have recently made changes to their positions in the stock. RBF Capital LLC purchased a new position in shares of Leslie’s in the 3rd quarter worth $1,587,000. Point72 Asset Management L.P. acquired a new stake in Leslie’s during the third quarter worth about $1,702,000. Private Management Group Inc. raised its holdings in shares of Leslie’s by 93.8% in the 2nd quarter. Private Management Group Inc. now owns 2,516,739 shares of the company’s stock worth $10,545,000 after purchasing an additional 1,218,047 shares during the period. Ariel Investments LLC lifted its stake in shares of Leslie’s by 46.5% in the 2nd quarter. Ariel Investments LLC now owns 36,601,368 shares of the company’s stock valued at $153,360,000 after purchasing an additional 11,618,490 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Leslie’s by 13.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,877,390 shares of the company’s stock worth $9,093,000 after purchasing an additional 345,064 shares during the period.

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.