Leslie’s, Inc. (NASDAQ:LESL) Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in shares of Leslie’s, Inc. (NASDAQ:LESL) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,500 shares of the company’s stock after selling 39,500 shares during the period. Swiss National Bank owned about 0.19% of Leslie’s worth $2,380,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors L.P. grew its holdings in Leslie’s by 49.0% during the 3rd quarter. Natixis Advisors L.P. now owns 942,946 shares of the company’s stock worth $5,337,000 after acquiring an additional 309,911 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in Leslie’s by 26.6% during the 4th quarter. DAVENPORT & Co LLC now owns 4,018,954 shares of the company’s stock worth $27,771,000 after acquiring an additional 845,615 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Leslie’s in the 3rd quarter valued at about $534,000. Principal Financial Group Inc. boosted its holdings in shares of Leslie’s by 16.6% in the 3rd quarter. Principal Financial Group Inc. now owns 990,389 shares of the company’s stock valued at $5,606,000 after buying an additional 140,932 shares during the period. Finally, Ariel Investments LLC boosted its holdings in shares of Leslie’s by 50.6% in the 3rd quarter. Ariel Investments LLC now owns 24,987,417 shares of the company’s stock valued at $141,429,000 after buying an additional 8,398,488 shares during the period.

Wall Street Analysts Forecast Growth

LESL has been the subject of several research reports. William Blair reaffirmed a “market perform” rating on shares of Leslie’s in a report on Friday, February 2nd. Stifel Nicolaus boosted their price target on shares of Leslie’s from $5.40 to $6.30 and gave the stock a “hold” rating in a research report on Friday, February 2nd. Loop Capital lifted their price objective on shares of Leslie’s from $6.00 to $8.00 and gave the stock a “hold” rating in a research note on Tuesday, March 5th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 price objective on shares of Leslie’s in a research note on Thursday, May 9th. Finally, Mizuho lowered their price objective on shares of Leslie’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Ten research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Leslie’s has an average rating of “Hold” and an average target price of $6.26.

Leslie’s Price Performance

Leslie’s stock opened at $5.02 on Friday. The firm’s 50 day simple moving average is $5.28 and its 200-day simple moving average is $6.13. The company has a market cap of $927.39 million, a P/E ratio of 62.75, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. Leslie’s, Inc. has a fifty-two week low of $3.79 and a fifty-two week high of $11.15.

Leslie’s 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.