Leslie’s, Inc. (NASDAQ:LESL) Receives Consensus Recommendation of “Reduce” from Brokerages

Leslie’s, Inc. (NASDAQ:LESL) has received an average recommendation of “Reduce” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $2.27.

A number of equities analysts have weighed in on the company. Bank of America lowered Leslie’s from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $2.65 to $1.40 in a research report on Tuesday, February 18th. Guggenheim reissued a “neutral” rating on shares of Leslie’s in a report on Friday, February 7th. Telsey Advisory Group lowered their price objective on shares of Leslie’s from $3.00 to $1.25 and set a “market perform” rating on the stock in a research report on Friday, May 9th. The Goldman Sachs Group cut their target price on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Finally, Loop Capital lowered their price target on Leslie’s from $4.00 to $1.00 and set a “hold” rating on the stock in a report on Friday, May 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Leslie’s during the 4th quarter valued at about $1,807,000. Lind Value II ApS bought a new position in shares of Leslie’s during the fourth quarter valued at approximately $10,258,000. Principal Financial Group Inc. raised its holdings in shares of Leslie’s by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 900,877 shares of the company’s stock worth $2,009,000 after buying an additional 27,615 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Leslie’s by 142.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 586,926 shares of the company’s stock worth $1,855,000 after acquiring an additional 344,873 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Leslie’s by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 4,226,600 shares of the company’s stock valued at $9,428,000 after acquiring an additional 91,898 shares during the period.

Leslie’s Stock Up 0.1%

NASDAQ:LESL opened at $0.80 on Wednesday. The stock has a market cap of $147.26 million, a price-to-earnings ratio of -5.30 and a beta of 1.32. The company’s 50 day moving average price is $0.71 and its 200-day moving average price is $1.69. Leslie’s has a 52 week low of $0.51 and a 52 week high of $6.02.

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.