Leslie’s (NASDAQ:LESL) Sets New 1-Year Low at $3.77

Shares of Leslie’s, Inc. (NASDAQ:LESL) reached a new 52-week low during trading on Tuesday . The company traded as low as $3.77 and last traded at $3.78, with a volume of 1983409 shares trading hands. The stock had previously closed at $3.95.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LESL shares. Telsey Advisory Group restated a “market perform” rating and issued a $6.00 price objective on shares of Leslie’s in a research report on Thursday, May 9th. Mizuho lowered their target price on shares of Leslie’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Finally, Loop Capital lifted their price target on shares of Leslie’s from $6.00 to $8.00 and gave the stock a “hold” rating in a research note on Tuesday, March 5th. Ten equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.26.

Leslie’s Price Performance

The firm’s 50 day moving average is $4.80 and its 200 day moving average is $6.05. The company has a market capitalization of $694.62 million, a PE ratio of 49.38, a P/E/G ratio of 0.62 and a beta of 1.16.

Leslie’s (NASDAQ:LESL) last issued its earnings results on Wednesday, May 8th. The company reported ($0.18) EPS for the quarter, hitting the consensus estimate of ($0.18). Leslie’s had a net margin of 1.06% and a negative return on equity of 12.55%. The company had revenue of $188.66 million for the quarter, compared to the consensus estimate of $202.69 million. As a group, analysts predict that Leslie’s, Inc. will post 0.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Covestor Ltd boosted its holdings in Leslie’s by 32,510.0% in the first quarter. Covestor Ltd now owns 6,522 shares of the company’s stock valued at $42,000 after acquiring an additional 6,502 shares in the last quarter. Profund Advisors LLC bought a new stake in Leslie’s in the third quarter valued at $58,000. Envestnet Portfolio Solutions Inc. bought a new stake in Leslie’s in the third quarter valued at $74,000. RPO LLC bought a new stake in Leslie’s in the fourth quarter valued at $84,000. Finally, GAMMA Investing LLC bought a new stake in shares of Leslie’s during the 4th quarter valued at $101,000.

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. 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.