Why Buy stock in Leslie’s Inc. (LESL)? – Marketing Sentinel

Why Buy stock in Leslie’s Inc. (LESL)?

Leslie’s Inc. (NASDAQ:LESL) has a beta value of 0 and has seen 1,670,207 shares traded in the last trading session. The company, currently valued at $5.52 Billion, closed the last trade at $29.52 per share which meant it gained $1.1 on the day or 3.87% during that session. The LESL stock price is -11.25% off its 52-week high price of $32.84 and 35.13% above the 52-week low of $19.15. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.2 Million shares traded. The 3-month trading volume is 1.56 Million shares.

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The consensus among analysts is that Leslie’s Inc. (LESL) is an Overweight stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 12 have rated it as a Hold, with 6 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.09.

Leslie’s Inc. (NASDAQ:LESL) trade information

Sporting 3.87% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the LESL stock price touched $30.85- or saw a rise of 4.31%. Year-to-date, Leslie’s Inc. shares have moved 6.38%, while the 5-day performance has seen it change 5.5%. Over the past 30 days, the shares of Leslie’s Inc. (NASDAQ:LESL) have changed 18.7%. Short interest in the company has seen 11.82 Million shares shorted with days to cover at 7.58.

Wall Street analysts have a consensus price target for the stock at $30.77, which means that the shares’ value could jump 4.23% from current levels. The projected low price target is $22 while the price target rests at a high of $40. In that case, then, we find that the current price level is +35.5% off the targeted high while a plunge would see the stock lose -25.47% from current levels.

Leslie’s Inc. (LESL) estimates and forecasts

Earnings growth for 2021 is a modest +42.9% while over the next 5 years, the company’s earnings are expected to increase by 20.1%.

Leslie’s Inc. (NASDAQ:LESL)’s Major holders

Insiders own 4.02% of the company shares, while shares held by institutions stand at 92.65% with a share float percentage of 96.54%. Investors are also buoyed by the number of investors in a company, with Leslie’s Inc. having a total of 170 institutions that hold shares in the company. The top two institutional holders are Catterton Management Company, L.L.C. with over 65.54 Million shares worth more than $1.82 Billion. As of December 30, 2020, Catterton Management Company, L.L.C. held 35.07% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 8.92 Million shares as of December 30, 2020. The firm’s total holdings are worth over $247.56 Million and represent 4.77% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Blackrock Funds-Mid-Cap Growth Equity Portfolio and Smallcap World Fund. As of December 30, 2020, the former fund manager holds about 2.55% shares in the company for having 4764628 shares of worth $132.22 Million while later fund manager owns 4.54 Million shares of worth $126.08 Million as of December 30, 2020, which makes it owner of about 2.43% of company’s outstanding stock.

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