Shares of Leslie’s (NASDAQ:LESL) fell 4.8%

Leslie’s, Inc. stock price (NASDAQ:LESL – Get Free Report ) fell 4.8% on Thursday. The company traded as high as $2.96 and last traded at $2.97. About 482,893 shares were traded during the trading session, down 88% from the average daily volume of 4,081,029 shares. Shares previously closed at $3.12.

Analysts set new price targets

Several research analysts have commented on the shares. Mizuho cut their price target on shares of Leslie from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Stifel Nicolaus downgraded Leslie from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $5.25 to $2.50 in a research report on Thursday, July 18. Telsey Advisory Group cut their price target on Leslie’s from $6.00 to $4.00 and set a “market perform” rating for the company in a research report on Thursday, July 18th. Jefferies Financial Group reduced their price target on Leslie’s from $5.00 to $4.00 and set a “hold” rating on the stock in a report on Wednesday, July 10th. Finally, Piper Sandler decreased their price target on Leslie’s from $6.00 to $3.00 and set a “neutral” rating for the company in a research report on Thursday, July 18th. One 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’s stock. Leslie’s currently has a consensus rating of “Hold” and a consensus price target of $3.96, according to MarketBeat.

See the latest stock analysis on Leslie’s

Leslie’s price performance

The company has a 50-day simple moving average of $3.45 and a 200-day simple moving average of $5.11. The stock has a market cap of $570.86 million, a P/E ratio of 38.75, a price-to-earnings-growth ratio of 4.51 and a beta of 1.16.

Leslie’s (NASDAQ:LESL – Get Your Free Report ) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $569.64 million for the quarter, compared to analysts’ expectations of $569.99 million. Leslie’s had a negative return on equity of 12.55% and a net margin of 1.06%. Leslie’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period last year, the firm posted EPS of $0.40. As a group, research analysts expect Leslie’s, Inc. to post 0.07 earnings per share for the current year.

Institutional investors are stepping in on Leslie

Hedge funds have recently made changes to their business positions. nVerses Capital LLC acquired a new position in Leslie’s in the second quarter worth $26,000. Covestor Ltd boosted its holdings in shares of Leslie’s by 32,510.0% in the first quarter. Covestor Ltd now owns 6,522 shares of the company’s stock worth $42,000 after purchasing an additional 6,502 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Leslie’s in the second quarter valued at about $55,000. Los Angeles Capital Management LLC bought a new stake in shares of Leslie’s in the second quarter valued at approximately $57,000. Finally, RPO LLC acquired a new stake in Leslie’s during the 4th quarter valued at about $84,000.

About Leslie’s

(Get a free report)

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. They also offer various pool and spa maintenance items such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational and fitness related products.

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