Robert W. Baird Lowers Leslie’s (NASDAQ:LESL) Price Target to $3.50

Leslie’s (NASDAQ:LESL) had its price target decreased by Robert W. Baird from $4.00 to $3.50 in a report published on Tuesday,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Several other equities research analysts have also issued reports on the stock. Telsey Advisory Group decreased their price target on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating for the company in a research note on Tuesday. Mizuho cut their price objective on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $3.77.

Leslie’s Stock Down 7.3 %

Shares of LESL stock opened at $2.30 on Tuesday. The company has a 50 day moving average of $2.84 and a 200-day moving average of $3.47. Leslie’s has a 12-month low of $2.25 and a 12-month high of $8.21. The firm has a market cap of $425.29 million, a P/E ratio of -19.17, a PEG ratio of 1.68 and a beta of 1.19.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. nVerses Capital LLC bought a new position in Leslie’s in the 2nd quarter valued at $26,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Leslie’s during the 3rd quarter valued at $32,000. Blue Trust Inc. raised its position in shares of Leslie’s by 1,089.6% during the 3rd quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock valued at $35,000 after buying an additional 10,144 shares in the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Leslie’s during the 2nd quarter valued at $55,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Leslie’s during the 2nd quarter valued at $57,000.

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.