Leslie’s (NASDAQ:LESL) Receives “Market Perform” Rating from Telsey Advisory Group

Leslie’s (NASDAQ:LESL)‘s stock had its “market perform” rating reaffirmed by research analysts at Telsey Advisory Group in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $3.00 price objective on the stock. Telsey Advisory Group’s price target points to a potential upside of 252.94% from the company’s previous close.

A number of other brokerages have also commented on LESL. Bank of America lowered shares of Leslie’s from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $2.65 to $1.40 in a research note on Tuesday, February 18th. Robert W. Baird set a $3.00 target price on shares of Leslie’s in a research note on Tuesday, February 4th. Mizuho dropped 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. Stifel Nicolaus reduced their price objective on Leslie’s from $1.90 to $1.55 and set a “sell” rating for the company in a research report on Friday, February 7th. Finally, The Goldman Sachs Group dropped their target price 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. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $2.65.

Leslie’s Stock Up 3.1 %

Shares of LESL opened at $0.85 on Tuesday. The firm has a fifty day simple moving average of $1.65 and a two-hundred day simple moving average of $2.33. The stock has a market capitalization of $157.44 million, a P/E ratio of -5.67 and a beta of 1.20. Leslie’s has a twelve month low of $0.76 and a twelve month high of $7.70.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings data 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 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 added to or reduced their stakes in LESL. Integrated Investment Consultants LLC increased its stake in shares of Leslie’s by 36.1% in the third quarter. Integrated Investment Consultants LLC now owns 21,500 shares of the company’s stock worth $68,000 after purchasing an additional 5,700 shares in the last quarter. IHT Wealth Management LLC increased its stake in Leslie’s by 52.6% in the 3rd quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock worth $51,000 after buying an additional 5,776 shares in the last quarter. Northern Trust Corp raised its holdings in Leslie’s by 0.4% during the fourth quarter. Northern Trust Corp now owns 2,092,559 shares of the company’s stock valued at $4,666,000 after acquiring an additional 7,417 shares during the period. Graham Capital Management L.P. raised its holdings in Leslie’s by 4.6% during the fourth quarter. Graham Capital Management L.P. now owns 171,422 shares of the company’s stock valued at $382,000 after acquiring an additional 7,493 shares during the period. Finally, Kerrisdale Advisers LLC lifted its position in shares of Leslie’s by 6.0% in the fourth quarter. Kerrisdale Advisers LLC now owns 160,438 shares of the company’s stock valued at $358,000 after acquiring an additional 9,033 shares in 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.