Leslie’s (NASDAQ:LESL) Shares Down 10.8%

Leslie’s, Inc. (NASDAQ:LESLGet Rating) fell 10.8% during trading on Thursday . The stock traded as low as $13.95 and last traded at $14.02. 64,494 shares were traded during mid-day trading, a decline of 97% from the average session volume of 1,871,722 shares. The stock had previously closed at $15.72.

LESL has been the subject of several recent research reports. Stifel Nicolaus dropped their target price on shares of Leslie’s from $29.00 to $25.00 in a report on Tuesday. The Goldman Sachs Group raised shares of Leslie’s from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $27.00 in a research report on Monday, April 4th. Robert W. Baird cut their price target on shares of Leslie’s from $28.00 to $25.00 in a report on Friday, May 6th. Finally, Telsey Advisory Group lowered their target price on shares of Leslie’s from $30.00 to $28.00 and set an “outperform” rating for the company in a research note on Tuesday, June 7th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $30.30.

The company’s fifty day moving average price is $19.27 and its two-hundred day moving average price is $20.47. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 1.38 and a beta of 0.55.

Leslie’s (NASDAQ:LESLGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $228.07 million during the quarter, compared to analysts’ expectations of $211.32 million. Leslie’s had a net margin of 9.97% and a negative return on equity of 48.04%. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.02) earnings per share. Equities analysts predict that Leslie’s, Inc. will post 1.03 EPS for the current year.

In related news, insider Moyo Labode sold 4,696 shares of the firm’s stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $17.48, for a total transaction of $82,086.08. Following the transaction, the insider now directly owns 11,554 shares of the company’s stock, valued at $201,963.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.60% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Holdings Inc. boosted its stake in shares of Leslie’s by 4.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 16,548 shares of the company’s stock valued at $369,000 after purchasing an additional 674 shares in the last quarter. Voya Financial Advisors Inc. boosted its position in Leslie’s by 6.6% during the 3rd quarter. Voya Financial Advisors Inc. now owns 11,495 shares of the company’s stock worth $232,000 after buying an additional 713 shares during the period. HighTower Advisors LLC boosted its position in Leslie’s by 2.1% during the 3rd quarter. HighTower Advisors LLC now owns 43,736 shares of the company’s stock worth $899,000 after buying an additional 891 shares during the period. Metropolitan Life Insurance Co NY raised its holdings in Leslie’s by 13.7% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 7,897 shares of the company’s stock worth $162,000 after purchasing an additional 954 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in Leslie’s by 4.2% during the 1st quarter. Private Advisor Group LLC now owns 24,103 shares of the company’s stock worth $467,000 after purchasing an additional 971 shares during the last quarter.

Leslie’s Company Profile (NASDAQ:LESL)

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 offers pool chemicals consisting of chlorine, sanitizers, water balancers, specialty chemicals, and algae control; pool covers, including winter, solar and safety covers, leaf nets, cover reels, and cover alternatives; pool equipment, which comprise pool cleaners, pool pumps, pool filters, pool heating, and lighting; and pools, such as above ground pools, soft side pools, above ground pools liners and equipment, ladders and rails, and diving boards.

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