In the last trading session, 3.05 million shares of the Leslies Inc (NASDAQ:LESL) were traded, and its beta was 0.91. Most recently the company’s share price was $6.50, and it changed around -$0.36 or -5.25% from the last close, which brings the market valuation of the company to $1.20B. LESL currently trades at a discount to its 52-week high of $11.68, offering almost -79.69% off that amount. The share price’s 52-week low was $4.39, which indicates that the current value has risen by an impressive 32.46% since then. We note from Leslies Inc’s average daily trading volume that its 10-day average is 2.92 million shares, with the 3-month average coming to 2.73 million.
Leslies Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.69. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 10 recommended LESL as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Leslies Inc is expected to report earnings per share of -$0.18 for the current quarter.
Leslies Inc (NASDAQ:LESL) trade information
Instantly LESL has showed a red trend with a performance of -5.25% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -5.93% year-to-date, but still down -13.68% over the last five days. On the other hand, Leslies Inc (NASDAQ:LESL) is -16.02% down in the 30-day period. We can see from the shorts that 20.08 million shares have been sold at a short interest cover period of 7.95 day(s).
The consensus price target as assigned by Wall Street analysts is $26.5, which translates to bulls needing to increase their stock price by 75.47% from its current value. Analyst projections state that LESL is forecast to be at a low of $8.5 and a high of $36.
Leslies Inc (LESL) estimates and forecasts
Leslies Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 23.57 percent over the past six months and at a 3.57% annual growth rate that is well below the industry average of 6.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -28.60% in revenue this quarter, and will report an increase of 4.90% in the next quarter. The year-over-year growth rate is expected to be -0.80%, down from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of $201.52 million in revenue for the current quarter. 12 analysts expect Leslies Inc to make $620.08 million in revenue for the quarter ending Jun 2024.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 9.95%. Leslies Inc earnings are expected to increase by 1.57% in 2024, but the outlook is positive 9.70% per year for the next five years.
LESL Dividends
Leslies Inc’s next quarterly earnings report is expected to be released around May 01 and May 06.
Leslies Inc (NASDAQ:LESL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.85% of Leslies Inc shares, and 115.07% of them are in the hands of institutional investors. The stock currently has a share float of 120.94%. Leslies Inc stock is held by 301 institutions, with Blackrock Inc. being the largest institutional investor. By Jun 29, 2023, it held 13.48% of the shares, which is about 24.8 million shares worth $232.84 million.
Vanguard Group Inc, with 9.77% or 17.98 million shares worth $168.8 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Ariel Fund were the top two Mutual Funds as of Sep 29, 2023. The former held 12.43 million shares worth $70.36 million, making up 6.76% of all outstanding shares. On the other hand, Ariel Fund held roughly 6.79 million shares worth around $63.73 million, which represents about 3.69% of the total shares outstanding.
