Is Leslies Inc (NASDAQ: LESL) a Risk-Worthy Bet for Bold Investors?

In the latest trading session, 0.48 million Leslies Inc (NASDAQ:LESL) shares changed hands as the company’s beta touched 0.90. With the company’s most recent per share price at $7.93 changing hands around $0.23 or 2.92% at last look, the market valuation stands at $1.46B. LESL’s current price is a discount, trading about -80.2% off its 52-week high of $14.29. The share price had its 52-week low at $4.39, which suggests the last value was 44.64% up since then. When we look at Leslies Inc’s average trading volume, we note the 10-day average is 4.18 million shares, with the 3-month average coming to 0.91.

Leslies Inc (NASDAQ:LESL) trade information

Instantly LESL is in green as seen in intraday trades today. With action 20.81%, the performance over the past five days has been green. The jump to weekly highs of 7.98 added 2.92% to the stock’s daily price. The company’s shares are showing year-to-date upside of 14.69%, with the 5-day performance at 20.81% in the green. However, in the 30-day time frame, Leslies Inc (NASDAQ:LESL) is 21.55% up. Looking at the short shares, we see there were 22.52 million shares sold at short interest cover period of 9.82 days.

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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 13.38% over the past 6 months, a 3.57% in annual growth rate that is considerably lower than the industry average of 4.20%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Leslies Inc will fall -28.60%, while the growth in revenue is estimated to hit 4.90% for the next quarter. Year-over-year growth is forecast to reach -0.80% 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 $202.09 million. 10 analysts are of the opinion that Leslies Inc’s revenue for the quarter ending Jun 2024 will be $620.49 million.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 9.95%. The 2024 estimates are for Leslies Inc earnings to increase by 1.79%, but the outlook for the next 5-year period is at 9.70% per year.

LESL Dividends

Leslies Inc is expected to release its next quarterly earnings report between May 01 and May 06.

Leslies Inc (NASDAQ:LESL)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 4.74% of Leslies Inc shares while 112.06% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 117.64%. There are 112.06% institutions holding the Leslies Inc stock share, with Blackrock Inc. the top institutional holder. As of Sep 29, 2023, the company held 15.12% of the shares, roughly 27.89 million LESL shares worth $223.99 million.

Ariel Investments, LLC holds the second largest percentage of outstanding shares, with 13.54% or 24.99 million shares worth $200.65 million as of Sep 29, 2023.

Among Mutual Funds, the top two as of Dec 30, 2023 were iShares Core S&P Smallcap ETF and Ariel Fund. With 12.32 million shares estimated at $98.96 million under it, the former controlled 6.68% of total outstanding shares. On the other hand, Ariel Fund held about 6.21% of the shares, roughly 11.47 million shares worth around $92.07 million.

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