J. Goldman & Co LP Trims Stock Holdings in Leslie's, Inc. (NASDAQ:LESL)

J. Goldman & Co LP trimmed its holdings in shares of Leslie's, Inc. (NASDAQ:LESL - Free Report) by 87.4% during the fourth quarter, according to its most recent 13F 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 approximately 0.09% of Leslie's worth $377,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of LESL. Ariel Investments LLC increased its holdings in Leslie's by 8.5% in the 4th quarter. Ariel Investments LLC now owns 50,527,789 shares of the company's stock worth $112,677,000 after acquiring an additional 3,975,268 shares during the last quarter. Lind Value II ApS bought a new position in Leslie's in the 4th quarter worth about $10,258,000. Geode Capital Management LLC boosted its position in shares of Leslie's by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 4,226,600 shares of the company's stock valued at $9,428,000 after acquiring an additional 91,898 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Leslie's by 340.4% during the 4th quarter. Renaissance Technologies LLC now owns 3,436,095 shares of the company's stock valued at $7,662,000 after acquiring an additional 2,655,795 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Leslie's by 9.0% during 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 during the last quarter.

Leslie's Stock Up 7.3%

Shares of LESL traded up $0.06 during mid-day trading on Friday, hitting $0.91. 2,391,535 shares of the company's stock traded hands, compared to its average volume of 5,403,706. Leslie's, Inc. has a 1 year low of $0.51 and a 1 year high of $6.01. The firm has a market capitalization of $169.35 million, a P/E ratio of -6.09 and a beta of 1.32. The business's 50-day moving average price is $0.70 and its 200-day moving average price is $1.64.

Wall Street Analyst Weigh In

LESL has been the subject of a number of research analyst reports. Stifel Nicolaus upgraded Leslie's from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. The Goldman Sachs Group decreased their price objective on Leslie's from $4.00 to $3.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Robert W. Baird set a $3.00 price objective on Leslie's in a report on Tuesday, February 4th. Loop Capital decreased their price objective on Leslie's from $4.00 to $1.00 and set a "hold" rating on the stock in a report on Friday, May 9th. Finally, Morgan Stanley decreased their price target on Leslie's from $3.00 to $1.50 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. According to MarketBeat, Leslie's currently has a consensus rating of "Hold" and an average 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.