The Goldman Sachs Group Issues Pessimistic Forecast for Leslie’s (NASDAQ:LESL) Stock Price

Leslie’s (NASDAQ:LESL) had its price objective reduced by The Goldman Sachs Group from $4.00 to $3.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

LESL has been the topic of several other reports. Guggenheim reissued a “neutral” rating on shares of Leslie’s in a research note on Friday, February 7th. Telsey Advisory Group reduced their target price on shares of Leslie’s from $3.75 to $3.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. William Blair reissued a “market perform” rating on shares of Leslie’s in a research note on Tuesday, November 26th. Mizuho reduced their price target on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, Stifel Nicolaus reduced their price target on shares of Leslie’s from $1.90 to $1.55 and set a “sell” rating on the stock in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Leslie’s has a consensus rating of “Hold” and an average target price of $3.24.

Leslie’s Stock Up 9.0 %

Shares of NASDAQ LESL opened at $1.75 on Tuesday. The company’s 50-day simple moving average is $2.19 and its 200-day simple moving average is $2.63. Leslie’s has a 52-week low of $1.56 and a 52-week high of $8.21. The firm has a market cap of $324.12 million, a price-to-earnings ratio of -11.67 and a beta of 1.10.

Leslie’s (NASDAQ:LESL) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). Leslie’s had a negative return on equity of 6.11% and a negative net margin of 2.13%. Equities research analysts anticipate that Leslie’s will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. RBF Capital LLC acquired a new position in shares of Leslie’s in the third quarter valued at approximately $1,587,000. Lind Value II ApS acquired a new position in Leslie’s during the 4th quarter worth approximately $10,258,000. Point72 Asset Management L.P. acquired a new position in Leslie’s during the 3rd quarter worth approximately $1,702,000. JPMorgan Chase & Co. grew its holdings in Leslie’s by 142.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 586,926 shares of the company’s stock worth $1,855,000 after acquiring an additional 344,873 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Leslie’s by 13.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,877,390 shares of the company’s stock worth $9,093,000 after acquiring an additional 345,064 shares in the last quarter.

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.