Leslie’s’ (LESL) “Neutral” Rating Reaffirmed at Guggenheim

Guggenheim restated their neutral rating on shares of Leslie’s (NASDAQ:LESL) in a report published on Friday,Benzinga reports.

LESL has been the topic of several other research reports. Mizuho dropped their target price on Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. Stifel Nicolaus reduced their target price on shares of Leslie’s from $1.90 to $1.55 and set a “sell” rating for the company in a report on Friday. Telsey Advisory Group decreased their price target on shares of Leslie’s from $3.75 to $3.00 and set a “market perform” rating for the company in a research report on Friday. Finally, Robert W. Baird cut their price objective on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.28.

Leslie’s Trading Down 26.8 %

NASDAQ:LESL opened at $1.64 on Friday. Leslie’s has a twelve month low of $1.63 and a twelve month high of $8.21. The stock has a fifty day simple moving average of $2.22 and a 200-day simple moving average of $2.66.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). Leslie’s had a negative net margin of 2.13% and a negative return on equity of 6.11%. Research analysts forecast that Leslie’s will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Leslie’s

Several hedge funds have recently made changes to their positions in the company. Amundi increased its stake in shares of Leslie’s by 166.5% in the fourth quarter. Amundi now owns 104,256 shares of the company’s stock worth $227,000 after acquiring an additional 65,132 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Leslie’s by 92.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 21,588 shares of the company’s stock worth $48,000 after acquiring an additional 10,396 shares during the period. Prescott Group Capital Management L.L.C. boosted its stake in shares of Leslie’s by 587.5% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 550,000 shares of the company’s stock worth $1,226,000 after acquiring an additional 470,000 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Leslie’s during the 4th quarter valued at about $1,807,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Leslie’s by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,699,861 shares of the company’s stock valued at $3,791,000 after purchasing an additional 54,318 shares in the last quarter.

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.