Telsey Advisory Group Issues Pessimistic Forecast for Leslie’s (NASDAQ:LESL) Stock Price

Leslie’s (NASDAQ:LESL) had its price objective dropped by stock analysts at Telsey Advisory Group from $4.00 to $3.75 in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 51.21% from the stock’s previous close.

Separately, Mizuho dropped their price objective on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Leslie’s has a consensus rating of “Hold” and an average price target of $3.89.

Leslie’s Stock Up 1.2 %

NASDAQ LESL opened at $2.48 on Tuesday. The company has a market cap of $458.58 million, a PE ratio of -20.67, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19. Leslie’s has a 52 week low of $2.31 and a 52 week high of $8.21. The firm’s 50-day simple moving average is $2.85 and its two-hundred day simple moving average is $3.48.

Institutional Investors Weigh In On Leslie’s

Institutional investors and hedge funds have recently modified their holdings of the company. nVerses Capital LLC purchased a new stake in shares of Leslie’s in the second quarter worth about $26,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Leslie’s in the third quarter valued at approximately $32,000. Blue Trust Inc. raised its stake in Leslie’s by 1,089.6% in the third quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock valued at $35,000 after purchasing an additional 10,144 shares in the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in Leslie’s in the second quarter valued at approximately $55,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Leslie’s in the second quarter valued at approximately $57,000.

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.