Leslie’s, Inc. (NASDAQ:LESL) Receives Consensus Rating of “Hold” from Brokerages

Posted by on Jun 6th, 2023

Shares of Leslie’s, Inc. (NASDAQ:LESL – Get Rating) have been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $14.88.

LESL has been the topic of several recent analyst reports. Stifel Nicolaus reduced their price target on Leslie’s from $12.00 to $11.00 in a report on Monday, May 8th. Piper Sandler reduced their target price on Leslie’s from $18.00 to $16.00 in a research note on Wednesday, April 26th. Robert W. Baird dropped their price target on Leslie’s from $16.00 to $12.00 in a research note on Thursday, April 27th. Finally, Loop Capital raised shares of Leslie’s from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Thursday, April 6th.

Leslie’s Price Performance

Shares of Leslie’s stock opened at $10.22 on Tuesday. Leslie’s has a one year low of $9.02 and a one year high of $19.86. The business’s 50 day simple moving average is $10.49 and its two-hundred day simple moving average is $12.23. The stock has a market capitalization of $1.88 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 3.76 and a beta of 0.82.

Leslie’s (NASDAQ:LESL – Get Rating) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The firm had revenue of $212.84 million for the quarter, compared to the consensus estimate of $221.36 million. Leslie’s had a net margin of 7.65% and a negative return on equity of 54.83%. Sell-side analysts expect that Leslie’s will post 0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Leslie’s

Hedge funds and other institutional investors have recently bought and sold shares of the business. Spire Wealth Management increased its position in Leslie’s by 224.4% during the 1st quarter. Spire Wealth Management now owns 2,530 shares of the company’s stock valued at $28,000 after buying an additional 1,750 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Leslie’s by 10,581.8% during the fourth quarter. Allworth Financial LP now owns 2,350 shares of the company’s stock valued at $29,000 after acquiring an additional 2,328 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in Leslie’s in the 1st quarter worth about $34,000. FMR LLC grew its position in Leslie’s by 463.1% during the 1st quarter. FMR LLC now owns 3,080 shares of the company’s stock valued at $34,000 after purchasing an additional 2,533 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Leslie’s by 113.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,697 shares of the company’s stock valued at $69,000 after purchasing an additional 2,497 shares in the last quarter.

Leslie’s Company Profile

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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 offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products, as well as installation and repair services for pool and spa equipment.

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Analyst Recommendations for Leslie's (NASDAQ:LESL)

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