BNP Paribas Financial Markets Purchases New Position in Leslie's, Inc. (NASDAQ:LESL)

BNP Paribas Financial Markets acquired a new stake in shares of Leslie's, Inc. (NASDAQ:LESL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,243,901 shares of the company's stock, valued at approximately $2,774,000. BNP Paribas Financial Markets owned about 0.67% of Leslie's as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Algert Global LLC lifted its stake in shares of Leslie's by 80.5% in the fourth quarter. Algert Global LLC now owns 340,920 shares of the company's stock valued at $760,000 after buying an additional 152,080 shares during the period. Ariel Investments LLC boosted its position in Leslie's by 8.5% in the fourth quarter. Ariel Investments LLC now owns 50,527,789 shares of the company's stock valued at $112,677,000 after buying an additional 3,975,268 shares in the last quarter. Freestone Grove Partners LP acquired a new stake in shares of Leslie's in the fourth quarter valued at $77,000. Voleon Capital Management LP acquired a new position in shares of Leslie's during the fourth quarter worth approximately $71,000. Finally, Paloma Partners Management Co lifted its stake in shares of Leslie's by 22.1% during the fourth quarter. Paloma Partners Management Co now owns 220,000 shares of the company's stock valued at $491,000 after acquiring an additional 39,831 shares during the period.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LESL shares. The Goldman Sachs Group decreased their price objective on shares of Leslie's from $4.00 to $3.00 and set a "neutral" rating for the company in a report on Tuesday, February 11th. Robert W. Baird set a $3.00 price objective on Leslie's in a research note on Tuesday, February 4th. Guggenheim reiterated a "neutral" rating on shares of Leslie's in a report on Friday, February 7th. Morgan Stanley lowered their price target on Leslie's from $3.00 to $1.50 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Finally, Telsey Advisory Group dropped their price target on Leslie's from $3.00 to $1.25 and set a "market perform" rating on the stock in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating and eleven have issued a hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $2.27.

Leslie's Stock Down 0.2%

Shares of NASDAQ LESL traded down $0.00 during trading hours on Monday, hitting $0.91. The company had a trading volume of 3,148,121 shares, compared to its average volume of 5,394,685. Leslie's, Inc. has a 1-year low of $0.51 and a 1-year high of $6.01. The firm's 50 day moving average is $0.70 and its 200-day moving average is $1.64. The stock has a market capitalization of $169.01 million, a P/E ratio of -6.08 and a beta of 1.32.

Leslie's 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.