Leslie’s, Inc. (NASDAQ:LESL – Get Free Report) shares traded up 7.2% during mid-day trading on Thursday . The company traded as high as $7.61 and last traded at $7.47. 1,388,885 shares changed hands during trading, a decline of 49% from the average session volume of 2,713,656 shares. The stock had previously closed at $6.97.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. Mizuho assumed coverage on shares of Leslie’s in a research report on Tuesday. They set a “neutral” rating and a $7.00 target price for the company. Piper Sandler dropped their target price on shares of Leslie’s from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, November 29th. Morgan Stanley lowered their price objective on shares of Leslie’s from $8.00 to $5.00 and set an “equal weight” rating for the company in a research report on Monday, December 4th. William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a research report on Friday, February 2nd. Finally, Loop Capital increased their price objective on shares of Leslie’s from $6.00 to $8.00 and gave the company a “hold” rating in a research report on Tuesday, March 5th. Ten analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.37.
Leslie’s Stock Performance
The company has a market capitalization of $1.39 billion, a PE ratio of 73.51, a PEG ratio of 0.98 and a beta of 0.93. The company has a 50 day moving average price of $7.25 and a 200 day moving average price of $6.19.
Leslie’s (NASDAQ:LESL – Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.01. Leslie’s had a negative return on equity of 15.00% and a net margin of 1.25%. The firm had revenue of $173.96 million for the quarter, compared to analysts’ expectations of $169.17 million. On average, equities analysts forecast that Leslie’s, Inc. will post 0.23 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Leslie’s
Several large investors have recently added to or reduced their stakes in LESL. FMR LLC increased its holdings in shares of Leslie’s by 463.1% during the first quarter. FMR LLC now owns 3,080 shares of the company’s stock valued at $34,000 after purchasing an additional 2,533 shares during the period. Spire Wealth Management increased its holdings in shares of Leslie’s by 85.8% during the second quarter. Spire Wealth Management now owns 4,700 shares of the company’s stock valued at $44,000 after purchasing an additional 2,170 shares during the period. Profund Advisors LLC acquired a new position in shares of Leslie’s during the third quarter valued at $58,000. Pathstone Family Office LLC acquired a new position in shares of Leslie’s during the third quarter valued at $69,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Leslie’s by 113.5% during the third quarter. Tower Research Capital LLC TRC now owns 4,697 shares of the company’s stock valued at $69,000 after purchasing an additional 2,497 shares during the period.
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.