Leslie’s’ (LESL) Market Perform Rating Reaffirmed at William Blair

William Blair reiterated their market perform rating on shares of Leslie’s (NASDAQ:LESL) in a research note issued to investors on Tuesday morning,RTT News reports.

LESL has been the subject of a number of other research reports. Mizuho lowered their price objective on Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Robert W. Baird lowered their price objective on Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Telsey Advisory Group lowered their price objective on Leslie’s from $4.00 to $3.75 and set a “market perform” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $3.89.

Leslie’s Stock Performance

LESL stock opened at $2.45 on Tuesday. Leslie’s has a 1 year low of $2.31 and a 1 year high of $8.21. The firm has a market cap of $453.03 million, a P/E ratio of 122.50, a price-to-earnings-growth ratio of 2.16 and a beta of 1.19. The stock has a 50-day simple moving average of $2.86 and a 200-day simple moving average of $3.50.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in shares of Leslie’s in the 2nd quarter worth approximately $26,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Leslie’s in the 3rd quarter worth approximately $32,000. Blue Trust Inc. lifted its holdings in shares of Leslie’s by 1,089.6% in the 3rd quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock worth $35,000 after purchasing an additional 10,144 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in shares of 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 purchasing an additional 5,776 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Leslie’s in the 2nd quarter worth approximately $55,000.

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.