Amundi Raises Stake in Leslie’s, Inc. (NASDAQ:LESL)

Amundi raised its stake in Leslie’s, Inc. (NASDAQ:LESL) by 166.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,256 shares of the company’s stock after buying an additional 65,132 shares during the quarter. Amundi owned approximately 0.06% of Leslie’s worth $227,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LESL. PNC Financial Services Group Inc. grew its holdings in shares of Leslie’s by 92.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 21,588 shares of the company’s stock worth $48,000 after purchasing an additional 10,396 shares during the period. IHT Wealth Management LLC grew its holdings in shares of Leslie’s by 52.6% during the 3rd quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock worth $51,000 after purchasing an additional 5,776 shares during the period. Integrated Investment Consultants LLC grew its holdings in shares of Leslie’s by 36.1% during the 3rd quarter. Integrated Investment Consultants LLC now owns 21,500 shares of the company’s stock worth $68,000 after purchasing an additional 5,700 shares during the period. FMR LLC grew its holdings in shares of Leslie’s by 334.4% during the 3rd quarter. FMR LLC now owns 26,714 shares of the company’s stock worth $84,000 after purchasing an additional 20,564 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Leslie’s during the 3rd quarter worth $98,000.

Leslie’s Price Performance

LESL stock opened at $0.78 on Friday. The firm has a market capitalization of $145.18 million, a P/E ratio of -5.23 and a beta of 1.20. The business’s 50-day moving average is $1.54 and its two-hundred day moving average is $2.28. Leslie’s, Inc. has a 1 year low of $0.75 and a 1 year high of $7.59.

Leslie’s (NASDAQ:LESL) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). Leslie’s had a negative net margin of 2.13% and a negative return on equity of 6.11%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LESL. The Goldman Sachs Group lowered their price target on Leslie’s from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Guggenheim reiterated a “neutral” rating on shares of Leslie’s in a report on Friday, February 7th. Bank of America cut Leslie’s from a “buy” rating to an “underperform” rating and lowered their target price for the company from $2.65 to $1.40 in a report on Tuesday, February 18th. Telsey Advisory Group restated a “market perform” rating and set a $3.00 target price on shares of Leslie’s in a report on Tuesday. Finally, William Blair restated a “market perform” rating on shares of Leslie’s in a report on Tuesday, November 26th. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $2.65.

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.