Leslie’s (NASDAQ:LESL) Stock Price Down 4.3% – Here’s Why

Shares of Leslie’s, Inc. (NASDAQ:LESL) were down 4.3% during mid-day trading on Tuesday . The company traded as low as $2.90 and last traded at $2.91. Approximately 114,725 shares traded hands during trading, a decline of 97% from the average daily volume of 4,222,189 shares. The stock had previously closed at $3.04.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LESL shares. Mizuho lowered their target price on Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 target price on shares of Leslie’s in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $3.96.

Leslie’s Stock Performance

The company has a market cap of $528.84 million, a P/E ratio of 143.00, a PEG ratio of 2.10 and a beta of 1.19. The company has a fifty day moving average price of $2.85 and a two-hundred day moving average price of $3.56.

Institutional Investors Weigh In On Leslie’s

Several hedge funds have recently bought and sold shares of LESL. Envestnet Portfolio Solutions Inc. acquired a new stake in Leslie’s during the first quarter worth approximately $100,000. SG Americas Securities LLC acquired a new stake in shares of Leslie’s in the first quarter valued at approximately $299,000. Sei Investments Co. raised its position in shares of Leslie’s by 1.5% in the first quarter. Sei Investments Co. now owns 378,492 shares of the company’s stock valued at $2,460,000 after buying an additional 5,728 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Leslie’s by 7.4% in the first quarter. ProShare Advisors LLC now owns 35,967 shares of the company’s stock valued at $234,000 after buying an additional 2,473 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Leslie’s by 24.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 63,237 shares of the company’s stock valued at $411,000 after buying an additional 12,519 shares in 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.