Leslie’s, Inc. (NASDAQ:LESL – Get Free Report) reached a new 52-week low during trading on Friday after Telsey Advisory Group lowered their price target on the stock from $11.00 to $8.50. Telsey Advisory Group currently has a market perform rating on the stock. Leslie’s traded as low as $5.71 and last traded at $6.31, with a volume of 8322926 shares trading hands. The stock had previously closed at $9.52.
Other analysts also recently issued reports about the company. Stifel Nicolaus cut their target price on Leslie’s from $12.00 to $11.00 in a research note on Monday, May 8th. Morgan Stanley cut their price objective on Leslie’s from $13.00 to $8.00 in a research report on Friday. William Blair downgraded Leslie’s from an “outperform” rating to a “market perform” rating in a research report on Friday. Loop Capital raised Leslie’s from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Thursday, April 6th. Finally, Piper Sandler downgraded Leslie’s from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $16.00 to $7.00 in a research report on Friday. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.21.
Hedge Funds Weigh In On Leslie’s
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Spire Wealth Management boosted its stake in shares of Leslie’s by 224.4% in 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 during the period. Allworth Financial LP raised its position in shares of Leslie’s by 10,581.8% during the 4th quarter. Allworth Financial LP now owns 2,350 shares of the company’s stock worth $29,000 after acquiring an additional 2,328 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Leslie’s during the 1st quarter worth about $34,000. FMR LLC raised its position in shares of Leslie’s by 463.1% during the 1st quarter. FMR LLC now owns 3,080 shares of the company’s stock worth $34,000 after acquiring an additional 2,533 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Leslie’s by 113.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,697 shares of the company’s stock worth $69,000 after acquiring an additional 2,497 shares in the last quarter.
Leslie’s Stock Performance
The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 3.63 and a beta of 0.80. The firm has a 50-day moving average price of $10.00 and a two-hundred day moving average price of $11.55.
Leslie’s (NASDAQ:LESL – Get Free Report) last issued its earnings results on Wednesday, May 3rd. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.02). Leslie’s had a negative return on equity of 54.83% and a net margin of 7.65%. The business had revenue of $212.84 million for the quarter, compared to analyst estimates of $221.36 million. Research analysts anticipate that Leslie’s, Inc. will post 0.72 earnings per share for the current year.
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 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.