In the last trading session, 4.32 million Leslie’s Inc. (NASDAQ:LESL) shares changed hands as the company’s beta touched 0.73. With the company’s per share price at $5.15 changed hands at -$0.43 or -7.71% during last session, the market valuation stood at $947.60M. LESL’s last price was a discount, traded about -232.43% off its 52-week high of $17.12. The share price had its 52-week low at $5.28, which suggests the last value was -2.52% down since then. When we look at Leslie’s Inc.’s average trading volume, we note the 10-day average is 4.61 million shares, with the 3-month average coming to 5.39 million.
Leslie’s Inc. (NASDAQ:LESL) trade information
Instantly LESL was in red as seen at the end of in last trading. With action -9.33%, the performance over the past five days has been red. The drop to weekly highs of 5.70 on Monday, 09/18/23 subtracted -7.71% to the stock’s daily price. The company’s shares are showing year-to-date downside of -57.82%, with the 5-day performance at -9.33% in the red. However, in the 30-day time frame, Leslie’s Inc. (NASDAQ:LESL) is -23.48% down. Looking at the short shares, we see there were 18.62 million shares sold at short interest cover period of 5.55 days.
The consensus price target for the stock as assigned by Wall Street analysts is $7.85, meaning bulls need an upside of 34.39% from its current market value. According to analyst projections, LESL’s forecast low is $6.00 with $12.00 as the target high. To hit the forecast high, the stock’s price needs a -133.01% plunge from its current level, while the stock would need to soar -16.5% for it to hit the projected low.
Leslie’s Inc. (LESL) estimates and forecasts
Data shows that the Leslie’s Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -54.02% over the past 6 months, a -68.42% in annual growth rate that is considerably lower than the industry average of 0.10%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Leslie’s Inc. will fall -48.60%, while the growth in revenue is estimated to hit -14.30% for the next quarter. Year-over-year growth is forecast to reach -7.90% down from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of $420.15 million. 8 analysts are of the opinion that Leslie’s Inc.’s revenue for the quarter ending Dec 2023 will be $190.45 million. The company’s revenue for the corresponding quarters a year ago was $475.59 million. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -11.70%.
The 2023 estimates are for Leslie’s Inc. earnings to increase by 28.20%, but the outlook for the next 5-year period is at 9.70% per year.
Leslie’s Inc. is expected to release its next quarterly earnings report between November 28 and December 04.
Leslie’s Inc. (NASDAQ:LESL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.35% of Leslie’s Inc. shares while 117.15% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 122.48%. There are 117.15% institutions holding the Leslie’s Inc. stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 13.48% of the shares, roughly 24.8 million LESL shares worth $232.84 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 9.77% or 17.98 million shares worth $168.8 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Aug 30, 2023 were iShares Core S&P Smallcap ETF and Ariel Fund. With 10.5 million shares estimated at $65.73 million under it, the former controlled 5.71% of total outstanding shares. On the other hand, Ariel Fund held about 3.69% of the shares, roughly 6.79 million shares worth around $63.73 million.