Equities researchers at Telsey Advisory Group have revised their earnings per share estimates for Leslie’s, Inc. (NASDAQ:LESL) for the fourth quarter of 2025. In a research note released on November 28, analyst D. Telsey now predicts the company will earn $1.17 per share, a notable increase from the previous forecast of $1.10. Telsey Advisory Group maintains a “Market Perform” rating for Leslie’s, with a price target set at $3.00.
Leslie’s has recently attracted attention from various research firms. On October 8, Weiss Ratings reaffirmed a “sell (d-)” rating on the company’s shares. Meanwhile, Zacks Research upgraded Leslie’s from a “strong sell” to a “hold” rating on October 2. Other voices in the market include Wall Street Zen, which issued a “sell” rating on October 3, and Mizuho, setting a target price of $5.00 on October 16. Morgan Stanley also weighed in, establishing a price target of $7.00 on September 30.
Market Performance and Analyst Sentiment
Currently, the stock has a consensus rating of “Reduce” with a price target averaging $26.75, according to data from MarketBeat. Eight analysts have given Leslie’s a hold rating, while two have advised a sell.
On Monday, shares of Leslie’s opened at $3.58, reflecting a 21.4% increase. The stock has a 50-day moving average of $3.97 and a 200-day moving average of $7.70. Leslie’s market capitalization stands at approximately $33.22 million, with a negative price-to-earnings (PE) ratio of -0.40 and a beta of 1.32. Over the past year, the stock has fluctuated between a low of $2.72 and a high of $54.30.
Institutional Investment Activity
Recent trading activity indicates a shift among institutional investors. Ariel Investments LLC increased its stake in Leslie’s by 4.7% during the second quarter, now owning 60,903,406 shares valued at approximately $25.57 million after acquiring an additional 2,725,991 shares. Other notable transactions include Clarkston Capital Partners LLC, which raised its position by 0.6% during the first quarter, and Jane Street Group LLC, which grew its shares by an impressive 61.3% in the second quarter, now holding 3,570,476 shares valued at around $1.50 million.
Additionally, Jacobs Levy Equity Management Inc. entered the market with a new stake worth approximately $1.54 million, while King Street Capital Management L.P. also acquired shares valued at about $630,000 during the second quarter.
Operating as a direct-to-consumer brand, Leslie’s, Inc. specializes in pool and spa care products in the United States. The company markets a comprehensive range of supplies, including chemicals, equipment, maintenance tools, and safety products, catering to both recreational and fitness needs.
