Leslie's (NASDAQ:LESL) Sees Large Volume Increase (2024)

Leslie's, Inc. (NASDAQ:LESL - Get Free Report) saw strong trading volume on Friday . 1,375,381 shares changed hands during trading, a decline of 67% from the previous session's volume of 4,112,153 shares.The stock last traded at $2.98 and had previously closed at $2.50.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed a "market perform" rating and set a $4.00 target price on shares of Leslie's in a research report on Tuesday. Loop Capital decreased their target price on Leslie's from $6.00 to $3.00 and set a "hold" rating for the company in a research note on Friday, July 19th. Piper Sandler decreased their target price on Leslie's from $6.00 to $3.00 and set a "neutral" rating for the company in a research note on Thursday, July 18th. Jefferies Financial Group decreased their target price on Leslie's from $5.00 to $4.00 and set a "hold" rating for the company in a research note on Wednesday, July 10th. Finally, Bank of America decreased their target price on Leslie's from $6.40 to $5.15 and set a "buy" rating for the company in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Leslie's presently has a consensus rating of "Hold" and a consensus price target of $3.96.

Check Out Our Latest Research Report on LESL

Leslie's Stock Up 20.8 %

The company has a 50-day moving average price of $3.26 and a 200-day moving average price of $4.91. The firm has a market capitalization of $557.92 million, a price-to-earnings ratio of 37.75, a P/E/G ratio of 4.51 and a beta of 1.16.

Leslie's (NASDAQ:LESL - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Leslie's had a negative return on equity of 12.55% and a net margin of 1.06%. The firm had revenue of $569.64 million for the quarter, compared to analysts' expectations of $569.99 million. During the same quarter in the previous year, the company earned $0.40 earnings per share. The firm's quarterly revenue was down 6.8% compared to the same quarter last year. As a group, analysts forecast that Leslie's, Inc. will post 0.07 earnings per share for the current year.

Institutional Investors Weigh In On Leslie's

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blueshift Asset Management LLC raised its holdings in Leslie's by 9.0% during the fourth quarter. Blueshift Asset Management LLC now owns 16,787 shares of the company's stock worth $116,000 after purchasing an additional 1,385 shares in the last quarter. ProShare Advisors LLC raised its holdings in Leslie's by 7.4% during the first quarter. ProShare Advisors LLC now owns 35,967 shares of the company's stock worth $234,000 after purchasing an additional 2,473 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in Leslie's by 1.7% during the first quarter. Texas Permanent School Fund Corp now owns 160,928 shares of the company's stock worth $1,046,000 after purchasing an additional 2,710 shares in the last quarter. Diversified Trust Co raised its holdings in Leslie's by 4.1% during the first quarter. Diversified Trust Co now owns 82,092 shares of the company's stock worth $534,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Leslie's by 6.6% during the fourth quarter. Victory Capital Management Inc. now owns 63,449 shares of the company's stock worth $438,000 after purchasing an additional 3,947 shares in the last quarter.

Leslie's Company Profile

(Get Free Report)

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.

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