J. Goldman & Co LP Reduces Position in Leslie's, Inc. (NASDAQ:LESL)

J. Goldman & Co LP lowered its position in Leslie's, Inc. (NASDAQ:LESL - Free Report) by 87.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 169,006 shares of the company's stock after selling 1,171,845 shares during the period. J. Goldman & Co LP owned 0.09% of Leslie's worth $377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in Leslie's by 125.1% in the third quarter. Barclays PLC now owns 399,169 shares of the company's stock valued at $1,260,000 after acquiring an additional 221,809 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Leslie's by 142.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 586,926 shares of the company's stock worth $1,855,000 after purchasing an additional 344,873 shares during the period. Lind Value II ApS acquired a new position in Leslie's in the fourth quarter valued at about $10,258,000. SG Americas Securities LLC boosted its stake in Leslie's by 271.8% during the fourth quarter. SG Americas Securities LLC now owns 111,763 shares of the company's stock worth $249,000 after buying an additional 81,706 shares during the period. Finally, Allspring Global Investments Holdings LLC increased 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 valued at $6,993,000 after acquiring an additional 258,686 shares during the last quarter.

Leslie's Price Performance

LESL traded up $0.06 during trading on Friday, reaching $0.91. 2,391,535 shares of the stock were exchanged, compared to its average volume of 5,385,591. The company has a market capitalization of $169.35 million, a price-to-earnings ratio of -6.09 and a beta of 1.32. Leslie's, Inc. has a 1 year low of $0.51 and a 1 year high of $6.01. The business's 50 day moving average price is $0.70 and its two-hundred day moving average price is $1.67.

Analyst Ratings Changes

LESL has been the subject of several research reports. Telsey Advisory Group dropped their target price on shares of Leslie's from $3.00 to $1.25 and set a "market perform" rating for the company in a report on Friday, May 9th. Loop Capital dropped their target price on Leslie's from $4.00 to $1.00 and set a "hold" rating for the company in a research report on Friday, May 9th. Bank of America lowered shares of Leslie's from a "buy" rating to an "underperform" rating and lowered their price objective for the company from $2.65 to $1.40 in a research note on Tuesday, February 18th. Guggenheim reaffirmed a "neutral" rating on shares of Leslie's in a research note on Friday, February 7th. Finally, Stifel Nicolaus upgraded shares of Leslie's from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.