Leslie's, Inc. (NASDAQ:LESL) Shares Bought by Lind Value II ApS

Lind Value II ApS boosted its holdings in Leslie's, Inc. (NASDAQ:LESL - Free Report) by 97.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,092,401 shares of the company's stock after acquiring an additional 4,492,185 shares during the quarter. Leslie's accounts for about 3.0% of Lind Value II ApS's investment portfolio, making the stock its 6th biggest position. Lind Value II ApS owned about 4.91% of Leslie's worth $6,687,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. 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. Geode Capital Management LLC lifted its position in shares of Leslie's by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 4,226,600 shares of the company's stock worth $9,428,000 after purchasing an additional 91,898 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Leslie's by 340.4% during the fourth quarter. Renaissance Technologies LLC now owns 3,436,095 shares of the company's stock worth $7,662,000 after purchasing an additional 2,655,795 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Leslie's by 9.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,136,076 shares of the company's stock worth $6,993,000 after purchasing an additional 258,686 shares in the last quarter. Finally, CenterBook Partners LP acquired a new position in shares of Leslie's during the fourth quarter worth approximately $5,838,000.

Wall Street Analyst Weigh In

LESL has been the topic of several analyst reports. Bank of America lowered shares of Leslie's from a "buy" rating to an "underperform" rating and cut their price objective for the company from $2.65 to $1.40 in a report on Tuesday, February 18th. Telsey Advisory Group cut their price objective on shares of Leslie's from $3.00 to $1.25 and set a "market perform" rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group cut their price objective on shares of Leslie's from $4.00 to $3.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Morgan Stanley cut their price objective on shares of Leslie's from $3.00 to $1.50 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Finally, Robert W. Baird set a $3.00 price objective on shares of Leslie's in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $2.27.

Leslie's Trading Up 4.8%

Shares of LESL traded up $0.04 during midday trading on Tuesday, reaching $0.79. The stock had a trading volume of 1,584,574 shares, compared to its average volume of 5,328,508. The firm has a 50 day simple moving average of $0.70 and a 200-day simple moving average of $1.48. Leslie's, Inc. has a one year low of $0.51 and a one year high of $6.01. The firm has a market cap of $145.59 million, a PE ratio of -5.23 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.