Leslie's, Inc. (NASDAQ:LESL) Shares Sold by Millennium Management LLC

Millennium Management LLC trimmed its holdings in shares of Leslie's, Inc. (NASDAQ:LESL - Free Report) by 20.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,278,208 shares of the company's stock after selling 571,435 shares during the period. Millennium Management LLC owned about 1.23% of Leslie's worth $5,080,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of LESL. SG Americas Securities LLC grew its stake in Leslie's by 271.8% in the 4th quarter. SG Americas Securities LLC now owns 111,763 shares of the company's stock worth $249,000 after acquiring an additional 81,706 shares during the period. Allspring Global Investments Holdings LLC grew its stake 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 worth $6,993,000 after acquiring an additional 258,686 shares during the period. Principal Financial Group Inc. grew its stake in Leslie's by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 900,877 shares of the company's stock worth $2,009,000 after acquiring an additional 27,615 shares during the period. Charles Schwab Investment Management Inc. grew its stake 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 worth $3,791,000 after acquiring an additional 54,318 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Leslie's in the 4th quarter worth approximately $1,807,000.

Leslie's Trading Down 0.6%

LESL stock traded down $0.00 during trading on Monday, reaching $0.75. The stock had a trading volume of 1,711,391 shares, compared to its average volume of 5,343,273. Leslie's, Inc. has a 1-year low of $0.51 and a 1-year high of $6.01. The company has a market capitalization of $138.86 million, a P/E ratio of -4.99 and a beta of 1.32. The firm has a fifty day moving average price of $0.70 and a 200 day moving average price of $1.48.

Analysts Set New Price Targets

Several analysts have commented on LESL shares. The Goldman Sachs Group lowered their target price on shares of Leslie's from $4.00 to $3.00 and set a "neutral" rating for the company in a research note on Tuesday, February 11th. Morgan Stanley lowered their price objective on shares of Leslie's from $3.00 to $1.50 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Telsey Advisory Group lowered their price objective on shares of Leslie's from $3.00 to $1.25 and set a "market perform" rating for the company in a research note on Friday, May 9th. Guggenheim reissued a "neutral" rating on shares of Leslie's in a research note on Friday, February 7th. Finally, Loop Capital lowered their price objective on shares of Leslie's from $4.00 to $1.00 and set a "hold" rating for the company in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $2.27.

About Leslie's

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.