Telsey Advisory Group Cuts Leslie’s (NASDAQ:LESL) Price Target to $3.75

Leslie’s (NASDAQ:LESL) had its target price decreased by Telsey Advisory Group from $4.00 to $3.75 in a research note published on Tuesday morning, Marketbeat.com reports. Telsey Advisory Group currently has a market perform rating on the stock.

Separately, Mizuho lowered their target price on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Leslie’s presently has an average rating of “Hold” and a consensus target price of $3.89.

Leslie’s Stock Up 1.2 %

LESL stock opened at $2.48 on Tuesday. The company has a market capitalization of $458.58 million, a price-to-earnings ratio of -20.67, a P/E/G ratio of 2.37 and a beta of 1.19. The firm has a 50 day moving average of $2.85 and a two-hundred day moving average of $3.47. Leslie’s has a 12 month low of $2.31 and a 12 month high of $8.21.

Institutional Trading of Leslie’s

Several hedge funds have recently added to or reduced their stakes in the business. Private Management Group Inc. increased its position in Leslie’s by 93.8% in the 2nd quarter. Private Management Group Inc. now owns 2,516,739 shares of the company’s stock worth $10,545,000 after buying an additional 1,218,047 shares during the period. Ariel Investments LLC increased its position in Leslie’s by 46.5% during the second quarter. Ariel Investments LLC now owns 36,601,368 shares of the company’s stock worth $153,360,000 after acquiring an additional 11,618,490 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Leslie’s by 13.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,877,390 shares of the company’s stock valued at $9,093,000 after purchasing an additional 345,064 shares during the last quarter. Raymond James & Associates boosted its holdings in Leslie’s by 24.3% in the 2nd quarter. Raymond James & Associates now owns 2,096,631 shares of the company’s stock valued at $8,785,000 after purchasing an additional 410,128 shares during the period. Finally, WINTON GROUP Ltd grew its position in Leslie’s by 861.9% in the 2nd quarter. WINTON GROUP Ltd now owns 217,842 shares of the company’s stock worth $913,000 after purchasing an additional 195,194 shares during the last quarter.

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.