Leslie’s (NASDAQ:LESL) Receives Neutral Rating from Guggenheim

Leslie’s (NASDAQ:LESL)‘s stock had its “neutral” rating reiterated by investment analysts at Guggenheim in a note issued to investors on Friday,Benzinga reports.

A number of other analysts also recently issued reports on LESL. William Blair reiterated a “market perform” rating on shares of Leslie’s in a research report on Tuesday, November 26th. Telsey Advisory Group cut 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 note on Friday. Stifel Nicolaus dropped their price objective on shares of Leslie’s from $1.90 to $1.55 and set a “sell” rating for the company in a report on Friday. Mizuho 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 Monday, January 6th. Finally, Robert W. Baird lowered their price target on 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 equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Leslie’s has a consensus rating of “Hold” and an average price target of $3.28.

Leslie’s Price Performance

Shares of LESL stock traded down $0.51 on Friday, hitting $1.74. The stock had a trading volume of 12,706,849 shares, compared to its average volume of 5,363,074. Leslie’s has a 12-month low of $1.69 and a 12-month high of $8.21. The stock has a market cap of $321.34 million, a price-to-earnings ratio of -14.38 and a beta of 1.10. The business has a 50 day moving average of $2.23 and a 200 day moving average of $2.66.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.02). Leslie’s had a negative net margin of 1.76% and a negative return on equity of 6.11%. As a group, research analysts expect that Leslie’s will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Leslie’s

Institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in Leslie’s by 6.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 81,345 shares of the company’s stock valued at $341,000 after acquiring an additional 4,798 shares during the period. Integrated Investment Consultants LLC boosted its stake in shares of Leslie’s by 36.1% in the 3rd quarter. Integrated Investment Consultants LLC now owns 21,500 shares of the company’s stock worth $68,000 after buying an additional 5,700 shares during the last quarter. IHT Wealth Management LLC grew its holdings in shares of Leslie’s by 52.6% in the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock worth $51,000 after acquiring an additional 5,776 shares during the period. Blue Trust Inc. grew its holdings in shares of Leslie’s by 1,089.6% in the third quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock worth $35,000 after acquiring an additional 10,144 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Leslie’s during the third quarter valued at $32,000.

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.