Leslie’s (NASDAQ:LESL) Price Target Cut to $1.00 by Analysts at Loop Capital

Leslie’s (NASDAQ:LESL) had its price target decreased by Loop Capital from $4.00 to $1.00 in a research report report published on Friday morning,Benzinga reports. Loop Capital currently has a hold rating on the stock.

Other equities research analysts have also issued reports about the company. Telsey Advisory Group decreased their price objective on Leslie’s from $3.00 to $1.25 and set a “market perform” rating for the company in a research report on Friday. Guggenheim restated a “neutral” rating on shares of Leslie’s in a report on Friday, February 7th. Stifel Nicolaus raised shares of Leslie’s from a “sell” rating to a “hold” rating in a research report on Friday, April 25th. Morgan Stanley cut their target price on shares of Leslie’s from $3.00 to $1.50 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Finally, Robert W. Baird set a $3.00 price target on shares of Leslie’s in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $2.27.

Leslie’s Stock Performance

Shares of NASDAQ:LESL opened at $0.73 on Friday. The firm has a 50 day simple moving average of $0.72 and a 200 day simple moving average of $1.73. Leslie’s has a 52 week low of $0.51 and a 52 week high of $6.02. The company has a market cap of $135.72 million, a PE ratio of -4.88 and a beta of 1.32.

Leslie’s (NASDAQ:LESL) last released its 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%.

Hedge Funds Weigh In On Leslie’s

Several institutional investors have recently bought and sold shares of the stock. Ariel Investments LLC increased its holdings in shares of Leslie’s by 8.5% during the 4th quarter. Ariel Investments LLC now owns 50,527,789 shares of the company’s stock valued at $112,677,000 after acquiring an additional 3,975,268 shares during the last quarter. Lind Value II ApS grew its holdings in Leslie’s by 97.7% during the first quarter. Lind Value II ApS now owns 9,092,401 shares of the company’s stock valued at $6,687,000 after purchasing an additional 4,492,185 shares during the last quarter. Private Management Group Inc. raised its position in shares of Leslie’s by 14.2% in the first quarter. Private Management Group Inc. now owns 5,702,823 shares of the company’s stock valued at $4,194,000 after purchasing an additional 709,664 shares during the period. Geode Capital Management LLC lifted its stake in shares of Leslie’s by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 4,226,600 shares of the company’s stock worth $9,428,000 after buying an additional 91,898 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Leslie’s by 340.4% during the 4th quarter. Renaissance Technologies LLC now owns 3,436,095 shares of the company’s stock worth $7,662,000 after buying an additional 2,655,795 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.