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

Telsey Advisory Group reiterated their market perform rating on shares of Leslie’s (NASDAQ:LESL) in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a $4.00 target price on the stock.

Several other equities analysts have also recently issued reports on the stock. Mizuho reduced their price target on shares of Leslie’s from $6.00 to $4.00 and set a neutral rating on the stock in a research report on Tuesday, August 6th. Bank of America cut their price objective on shares of Leslie’s from $6.40 to $5.15 and set a buy rating on the stock in a report on Thursday, July 18th. Stifel Nicolaus cut shares of Leslie’s from a hold rating to a sell rating and cut their price objective for the stock from $5.25 to $2.50 in a report on Thursday, July 18th. Piper Sandler cut their price objective on shares of Leslie’s from $6.00 to $3.00 and set a neutral rating on the stock in a report on Thursday, July 18th. Finally, Loop Capital cut their price objective on shares of Leslie’s from $6.00 to $3.00 and set a hold rating on the stock in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Leslie’s presently has an average rating of Hold and a consensus target price of $3.96.

Leslie’s Price Performance

Shares of NASDAQ LESL opened at $2.79 on Tuesday. Leslie’s has a 1 year low of $2.42 and a 1 year high of $8.21. The company’s 50-day moving average is $3.36 and its 200 day moving average is $4.98. The stock has a market capitalization of $515.43 million, a P/E ratio of 34.88, a P/E/G ratio of 4.51 and a beta of 1.16.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Leslie’s had a net margin of 1.06% and a negative return on equity of 12.55%. The company had revenue of $569.64 million for the quarter, compared to analysts’ expectations of $569.99 million. During the same quarter in the previous year, the company earned $0.40 earnings per share. Leslie’s’s quarterly revenue was down 6.8% on a year-over-year basis. Research analysts anticipate that Leslie’s will post 0.07 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LESL. Handelsbanken Fonder AB lifted its position in Leslie’s by 59.4% during the fourth quarter. Handelsbanken Fonder AB now owns 40,800 shares of the company’s stock valued at $282,000 after purchasing an additional 15,200 shares during the period. New York State Common Retirement Fund lifted its position in Leslie’s by 57.1% during the fourth quarter. New York State Common Retirement Fund now owns 238,407 shares of the company’s stock valued at $1,647,000 after purchasing an additional 86,634 shares during the period. Victory Capital Management Inc. lifted its position in Leslie’s by 6.6% during the fourth quarter. Victory Capital Management Inc. now owns 63,449 shares of the company’s stock valued at $438,000 after purchasing an additional 3,947 shares during the period. Natixis Advisors L.P. lifted its position in Leslie’s by 136.6% during the fourth quarter. Natixis Advisors L.P. now owns 2,230,959 shares of the company’s stock valued at $15,415,000 after purchasing an additional 1,288,013 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Leslie’s by 12.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,858,936 shares of the company’s stock valued at $12,845,000 after purchasing an additional 201,082 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.