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

Shares of Leslie’s, Inc. (NASDAQ:LESL) have earned a consensus rating of “Buy” from the thirteen research firms that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $30.91.

A number of equities analysts recently commented on LESL shares. Telsey Advisory Group lifted their price objective on Leslie’s from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 12th. Piper Sandler lifted their target price on Leslie’s from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, May 6th. Robert W. Baird lifted their target price on Leslie’s from $33.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, May 6th. The Goldman Sachs Group lifted their target price on Leslie’s from $22.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Jefferies Financial Group lifted their target price on Leslie’s from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, February 5th.

In other news, insider Steven M. Weddell sold 103,543 shares of Leslie’s stock in a transaction on Thursday, April 22nd. The stock was sold at an average price of $25.82, for a total value of $2,673,480.26. Also, major shareholder Investor Aggregator L. Bubbles sold 17,893,490 shares of the business’s stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $25.22, for a total value of $451,273,817.80. The disclosure for this sale can be found here.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LESL. BlackRock Inc. acquired a new position in Leslie’s during the 4th quarter worth $247,559,000. William Blair Investment Management LLC acquired a new position in Leslie’s during the 1st quarter worth $141,619,000. Oak Ridge Investments LLC acquired a new position in Leslie’s during the 1st quarter worth $71,401,000. JPMorgan Chase & Co. acquired a new position in Leslie’s during the 4th quarter worth $80,252,000. Finally, Champlain Investment Partners LLC acquired a new position in Leslie’s during the 1st quarter worth $66,926,000.

Shares of Leslie’s stock opened at $27.43 on Monday. Leslie’s has a one year low of $19.15 and a one year high of $32.84. The stock has a market capitalization of $5.15 billion and a P/E ratio of 65.31. The stock’s 50 day moving average is $26.19.

About Leslie’s

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, which primarily consist of maintenance items, such as chemicals, equipment and parts, and cleaning and maintenance equipment, as well as safety, recreational, and fitness-related products.

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Analyst Recommendations for Leslie`s (NASDAQ:LESL)

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