Wall Street Zen Downgrades Leslie’s (NASDAQ:LESL) to Sell

by · The Markets Daily

Leslie’s (NASDAQ:LESL – Get Free Report) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Sunday.

A number of other research analysts have also issued reports on LESL. Weiss Ratings reiterated a “sell (e+)” rating on shares of Leslie’s in a research report on Friday. Morgan Stanley set a $3.50 price objective on shares of Leslie’s in a report on Wednesday, December 10th. Telsey Advisory Group reiterated a “market perform” rating and issued a $3.00 target price on shares of Leslie’s in a research report on Friday, November 28th. Jefferies Financial Group set a $3.75 price target on shares of Leslie’s and gave the stock a “hold” rating in a research report on Wednesday, December 3rd. Finally, Mizuho set a $5.00 price target on shares of Leslie’s in a research note on Thursday, October 16th. Nine analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $23.81.

View Our Latest Stock Analysis on LESL

Leslie’s Trading Up 3.0%

Shares of LESL stock opened at $1.72 on Friday. Leslie’s has a 12-month low of $1.60 and a 12-month high of $48.60. The business’s 50 day moving average is $2.90 and its two-hundred day moving average is $5.84. The company has a market capitalization of $15.98 million, a P/E ratio of -0.07 and a beta of 1.33.

Institutional Trading of Leslie’s

Several large investors have recently bought and sold shares of LESL. Engineers Gate Manager LP lifted its stake in Leslie’s by 309.7% in the 2nd quarter. Engineers Gate Manager LP now owns 61,474 shares of the company’s stock worth $26,000 after purchasing an additional 46,468 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings in shares of Leslie’s by 168.6% in the second quarter. Pallas Capital Advisors LLC now owns 63,888 shares of the company’s stock valued at $27,000 after purchasing an additional 40,100 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Leslie’s during the second quarter worth approximately $28,000. Catalyst Funds Management Pty Ltd purchased a new position in Leslie’s during the second quarter worth approximately $36,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Leslie’s by 136.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 88,094 shares of the company’s stock worth $37,000 after buying an additional 50,815 shares during the last quarter.

About Leslie’s

(Get Free Report)

Leslie’s, Inc (NASDAQ: LESL) is the largest direct-to-consumer retailer of swimming pool supplies and related equipment in the United States. Through a network of more than 900 company-operated stores and a robust e-commerce platform, the company offers a comprehensive range of pool chemicals, cleaning tools, pumps, filters, heaters and pool accessories. In addition to product retailing, Leslie’s provides in-store and in-home water testing services, equipment installation, repair and ongoing maintenance programs designed to support both residential and commercial pool owners.

Founded in 1963 in North Miami Beach, Florida, Leslie’s has grown from a single neighborhood pool-supply shop into a national specialty retailer.

Read More