In the last trading session, 2.52 million Leslies Inc (NASDAQ:LESL) shares changed hands as the company’s beta touched 0.86. With the company’s per share price at $5.69 changed hands at -$0.05 or -0.87% during last session, the market valuation stood at $1.05B. LESL’s last price was a discount, traded about -200.88% off its 52-week high of $17.12. The share price had its 52-week low at $4.39, which suggests the last value was 22.85% up since then. When we look at Leslies Inc’s average trading volume, we note the 10-day average is 2.71 million shares, with the 3-month average coming to 3.55 million.
Analysts gave the Leslies Inc (LESL) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.45. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 8 recommended LESL as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Leslies Inc’s EPS for the current quarter is expected to be $0.18.
Leslies Inc (NASDAQ:LESL) trade information
Instantly LESL was in red as seen at the end of in last trading. With action 22.37%, the performance over the past five days has been green. The drop to weekly highs of 5.90 on Monday, 11/20/23 subtracted -0.87% to the stock’s daily price. The company’s shares are showing year-to-date downside of -53.40%, with the 5-day performance at 22.37% in the green. However, in the 30-day time frame, Leslies Inc (NASDAQ:LESL) is 4.98% up. Looking at the short shares, we see there were 22.32 million shares sold at short interest cover period of 6.38 days.
The consensus price target for the stock as assigned by Wall Street analysts is $7.72, meaning bulls need an upside of 26.3% 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 -110.9% plunge from its current level, while the stock would need to soar -5.45% for it to hit the projected low.
Leslies Inc (LESL) estimates and forecasts
Data shows that the Leslies 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 -43.83% over the past 6 months, a -68.42% in annual growth rate that is considerably lower than the industry average of -0.50%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Leslies 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 $419.39 million. 8 analysts are of the opinion that Leslies Inc’s revenue for the quarter ending Dec 2023 will be $188.63 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 -11.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 74.66%. The 2023 estimates are for Leslies Inc earnings to decrease by -68.67%, but the outlook for the next 5-year period is at 9.70% per year.
Leslies Inc is expected to release its next quarterly earnings report on November 28.
Leslies Inc (NASDAQ:LESL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.35% of Leslies 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 Leslies 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 Sep 29, 2023 were iShares Core S&P Smallcap ETF and Ariel Fund. With 12.43 million shares estimated at $70.36 million under it, the former controlled 6.76% 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.