Ameriprise Financial Inc. Trims Stock Holdings in Leslie's, Inc. (NASDAQ:LESL)

Ameriprise Financial Inc. cut its position in Leslie's, Inc. (NASDAQ:LESL - Free Report) by 81.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 423,082 shares of the company's stock after selling 1,864,914 shares during the period. Ameriprise Financial Inc. owned 0.23% of Leslie's worth $943,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LESL. SG Americas Securities LLC grew its stake in shares of Leslie's by 271.8% in the 4th quarter. SG Americas Securities LLC now owns 111,763 shares of the company's stock valued at $249,000 after buying an additional 81,706 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Leslie's by 9.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,136,076 shares of the company's stock valued at $6,993,000 after acquiring an additional 258,686 shares in the last quarter. Principal Financial Group Inc. lifted its position in Leslie's by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 900,877 shares of the company's stock valued at $2,009,000 after acquiring an additional 27,615 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Leslie's by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,699,861 shares of the company's stock valued at $3,791,000 after acquiring an additional 54,318 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Leslie's in the 4th quarter valued at about $1,807,000.

Leslie's Trading Down 8.5%

Shares of NASDAQ:LESL traded down $0.07 during mid-day trading on Thursday, reaching $0.73. The company had a trading volume of 1,841,769 shares, compared to its average volume of 5,332,351. The firm has a market cap of $134.93 million, a price-to-earnings ratio of -4.85 and a beta of 1.42. The company's 50-day moving average price is $0.70 and its 200-day moving average price is $1.45. Leslie's, Inc. has a one year low of $0.51 and a one year high of $5.54.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LESL shares. Stifel Nicolaus raised shares of Leslie's from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Morgan Stanley dropped their target price on shares of Leslie's from $3.00 to $1.50 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Bank of America cut shares of Leslie's from a "buy" rating to an "underperform" rating and dropped their target price for the stock from $2.65 to $1.40 in a research report on Tuesday, February 18th. Guggenheim reissued a "neutral" rating on shares of Leslie's in a research report on Friday, February 7th. Finally, Loop Capital dropped their target price on shares of Leslie's from $4.00 to $1.00 and set a "hold" rating on the stock in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the stock. Based on data from MarketBeat.com, Leslie's has an average rating of "Hold" and an average target price of $2.27.

Leslie's Company 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.