Lind Value II ApS Takes Position in Leslie's, Inc. (NASDAQ:LESL)

Lind Value II ApS acquired a new stake in shares of Leslie's, Inc. (NASDAQ:LESL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,600,216 shares of the company's stock, valued at approximately $10,258,000. Leslie's comprises about 4.6% of Lind Value II ApS's holdings, making the stock its 4th largest holding. Lind Value II ApS owned approximately 2.48% of Leslie's at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in LESL. Ariel Investments LLC lifted its stake in shares of Leslie's by 46.5% during the 2nd quarter. Ariel Investments LLC now owns 36,601,368 shares of the company's stock valued at $153,360,000 after buying an additional 11,618,490 shares in the last quarter. Private Management Group Inc. boosted its position in shares of Leslie's by 121.3% during the 3rd quarter. Private Management Group Inc. now owns 5,569,278 shares of the company's stock valued at $17,599,000 after acquiring an additional 3,052,539 shares during the last quarter. Weiss Asset Management LP purchased a new position in shares of Leslie's in the 3rd quarter worth $6,470,000. Squarepoint Ops LLC raised its position in Leslie's by 1,300.5% during the second quarter. Squarepoint Ops LLC now owns 1,187,916 shares of the company's stock valued at $4,977,000 after purchasing an additional 1,103,096 shares during the period. Finally, Marshall Wace LLP raised its holdings in Leslie's by 477.4% during the 2nd quarter. Marshall Wace LLP now owns 1,110,404 shares of the company's stock valued at $4,653,000 after buying an additional 918,084 shares during the period.

Leslie's Stock Up 0.9 %

Shares of NASDAQ:LESL traded up $0.02 during trading on Wednesday, reaching $2.22. 6,083,634 shares of the company's stock traded hands, compared to its average volume of 4,224,626. The firm has a market cap of $411.16 million, a PE ratio of -18.50 and a beta of 1.11. The company has a 50-day simple moving average of $2.49 and a 200-day simple moving average of $2.82. Leslie's, Inc. has a fifty-two week low of $2.02 and a fifty-two week high of $8.21.

Leslie's (NASDAQ:LESL - Get Free Report) last announced its earnings results on Monday, November 25th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.09). The firm had revenue of $397.90 million for the quarter, compared to analyst estimates of $405.19 million. Leslie's had a negative net margin of 1.76% and a negative return on equity of 6.11%. Leslie's's revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 EPS. On average, equities research analysts forecast that Leslie's, Inc. will post 0.08 EPS for the current year.

Analysts Set New Price Targets

LESL has been the topic of a number of recent analyst reports. William Blair reiterated a "market perform" rating on shares of Leslie's in a research note on Tuesday, November 26th. Mizuho lowered their price target on shares of Leslie's from $4.00 to $3.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Telsey Advisory Group reduced their target price on Leslie's from $4.00 to $3.75 and set a "market perform" rating on the stock in a research report on Tuesday, November 26th. Finally, Robert W. Baird lowered their price objective on shares of Leslie's from $4.00 to $3.50 and set a "neutral" rating for the company in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $3.49.

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.