Now Is A Good Time To Buy Leslies Inc (NASDAQ: LESL)

During the last session, Leslies Inc (NASDAQ:LESL)’s traded shares were 2.61 million, with the beta value of the company hitting 0.91. At the end of the trading day, the stock’s price was $5.66, reflecting an intraday loss of -1.74% or -$0.1. The 52-week high for the LESL share is $11.68, that puts it down -106.36 from that peak though still a striking 22.44% gain since the share price plummeted to a 52-week low of $4.39. The company’s market capitalization is $1.04B, and the average intraday trading volume over the past 10 days was 2.91 million shares, and the average trade volume was 2.77 million shares over the past three months.

Leslies Inc (NASDAQ:LESL) trade information

Leslies Inc (LESL) registered a -1.74% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.74% in intraday trading to $5.66, hitting a weekly high. The stock’s 5-day price performance is -12.25%, and it has moved by -28.26% in 30 days. Based on these gigs, the overall price performance for the year is -48.59%. The short interest in Leslies Inc (NASDAQ:LESL) is 20.08 million shares and it means that shorts have 7.95 day(s) to cover.

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Leslies Inc (LESL) estimates and forecasts

Statistics show that Leslies Inc has underperformed its competitors in share price, compared to the industry in which it operates. Leslies Inc (LESL) shares have gone up 4.81% during the last six months, with a year-to-date growth rate less than the industry average at 3.57% against 5.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -28.60% this quarter and then jump 4.90% in the quarter after that. In the rating firms’ projections, revenue will decrease -0.80% compared to the previous financial year.

Revenue for the current quarter is expected to be $201.52 million as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to $620.08 million by the end of Jun 2024.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 9.95%. While earnings are projected to return 1.57% in 2024, the next five years will return 9.70% per annum.

LESL Dividends

Leslies Inc is due to release its next quarterly earnings between May 01 and May 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Leslies Inc (NASDAQ:LESL)’s Major holders

Leslies Inc insiders own 4.85% of total outstanding shares while institutional holders control 115.07%, with the float percentage being 120.94%. Blackrock Inc. is the largest shareholder of the company, while 301 institutions own stock in it. As of Jun 29, 2023, the company held over 24.8 million shares (or 13.48% of all shares), a total value of $232.84 million in shares.

The next largest institutional holding, with 17.98 million shares, is of Vanguard Group Inc’s that is approximately 9.77% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $168.8 million.

Also, the Mutual Funds coming in first place with the largest holdings of Leslies Inc (LESL) shares are iShares Core S&P Smallcap ETF and Ariel Fund. Data provided on Sep 29, 2023 indicates that iShares Core S&P Smallcap ETF owns about 12.43 million shares. This amounts to just over 6.76 percent of the company’s overall shares, with a $70.36 million market value. The same data shows that the other fund manager holds slightly less at 6.79 million, or about 3.69% of the stock, which is worth about $63.73 million.