Leslie’s, Inc. (NASDAQ:LESL) Given Average Recommendation of “Reduce” by Brokerages

Shares of Leslie’s, Inc. (NASDAQ:LESL) have been assigned a consensus recommendation of “Reduce” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $2.85.

LESL has been the topic of several research reports. Wall Street Zen downgraded shares of Leslie’s from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Weiss Ratings cut shares of Leslie’s from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, September 2nd.

Hedge Funds Weigh In On Leslie’s

An institutional investor recently bought a new stake in Leslie’s stock. Sei Investments Co. acquired a new stake in shares of Leslie’s, Inc. (NASDAQ:LESL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 54,851 shares of the company’s stock, valued at approximately $61,000. Sei Investments Co. owned about 0.59% of Leslie’s as of its most recent SEC filing.

Leslie’s Trading Down 9.1%

LESL stock opened at $0.42 on Friday. The company has a market capitalization of $3.89 million, a P/E ratio of -0.02 and a beta of 1.69. Leslie’s has a twelve month low of $0.41 and a twelve month high of $12.53. The business has a 50 day simple moving average of $1.14 and a 200-day simple moving average of $2.76.

Leslie’s (NASDAQ:LESL) last announced its earnings results on Wednesday, August 12th. The company reported $3.96 EPS for the quarter, missing analysts’ consensus estimates of $4.86 by ($0.90). The firm had revenue of $458.49 million for the quarter, compared to analyst estimates of $503.22 million.

About Leslie’s

Leslie’s, Inc (NASDAQ: LESL) is the largest direct-to-consumer retailer of swimming pool supplies and related equipment in the United States. Through a network of more than 900 company-operated stores and a robust e-commerce platform, the company offers a comprehensive range of pool chemicals, cleaning tools, pumps, filters, heaters and pool accessories. In addition to product retailing, Leslie’s provides in-store and in-home water testing services, equipment installation, repair and ongoing maintenance programs designed to support both residential and commercial pool owners.

Founded in 1963 in North Miami Beach, Florida, Leslie’s has grown from a single neighborhood pool-supply shop into a national specialty retailer.