Leslie's, Inc. (NASDAQ:LESL) Position Trimmed by Point72 Asset Management L.P.

Point72 Asset Management L.P. trimmed its stake in shares of Leslie's, Inc. (NASDAQ:LESL - Free Report) by 85.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,500 shares of the company's stock after selling 459,161 shares during the quarter. Point72 Asset Management L.P.'s holdings in Leslie's were worth $177,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Leslie's during the fourth quarter valued at about $1,807,000. Principal Financial Group Inc. raised its position in shares of Leslie's by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 900,877 shares of the company's stock worth $2,009,000 after buying an additional 27,615 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Leslie's by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 4,226,600 shares of the company's stock worth $9,428,000 after acquiring an additional 91,898 shares during the period. Prescott Group Capital Management L.L.C. boosted its holdings in shares of Leslie's by 587.5% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 550,000 shares of the company's stock valued at $1,226,000 after acquiring an additional 470,000 shares in the last quarter. Finally, Amundi increased its stake in shares of Leslie's by 166.5% during the fourth quarter. Amundi now owns 104,256 shares of the company's stock valued at $227,000 after acquiring an additional 65,132 shares during the period.

Wall Street Analysts Forecast Growth

LESL has been the subject of a number of research analyst reports. Robert W. Baird set a $3.00 target price on Leslie's in a research report on Tuesday, February 4th. Bank of America lowered 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. Guggenheim reaffirmed a "neutral" rating on shares of Leslie's in a report on Friday, February 7th. Stifel Nicolaus upgraded shares of Leslie's from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Finally, Loop Capital reduced 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 report on Friday, May 9th. One analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company's stock. According to MarketBeat, Leslie's presently has a consensus rating of "Hold" and a consensus target price of $2.27.

Leslie's Stock Performance

LESL traded up $0.02 during trading on Friday, reaching $0.77. The company had a trading volume of 614,496 shares, compared to its average volume of 5,354,964. Leslie's, Inc. has a 12-month low of $0.51 and a 12-month high of $6.01. The firm's 50-day simple moving average is $0.71 and its 200 day simple moving average is $1.53. The company has a market cap of $142.59 million, a price-to-earnings ratio of -5.11 and a beta of 1.32.

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.