In the last trading session, 5.06 million shares of the Leslies Inc (NASDAQ:LESL) were traded, and its beta was 1.19. Most recently the company’s share price was $2.80, and it changed around $0.09 or 3.32% from the last close, which brings the market valuation of the company to $517.75M. LESL currently trades at a discount to its 52-week high of $8.21, offering almost -193.21% off that amount. The share price’s 52-week low was $2.42, which indicates that the current value has risen by an impressive 13.57% since then. We note from Leslies Inc’s average daily trading volume that its 10-day average is 5.12 million shares, with the 3-month average coming to 5.51 million.
Leslies Inc stock received a consensus recommendation rating of Underweight, based on a mean score of 2.83. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended LESL as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight. Leslies Inc is expected to report earnings per share of 0.11 for the current quarter.
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Leslies Inc (NASDAQ:LESL) trade information
Instantly LESL has showed a green trend with a performance of 3.32% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.28 on recent trading dayincreased the stock’s daily price by 14.63%. The company’s shares are currently down -59.48% year-to-date, but still down -2.10% over the last five days. On the other hand, Leslies Inc (NASDAQ:LESL) is -13.85% down in the 30-day period. We can see from the shorts that 23.79 million shares have been sold at a short interest cover period of 5.02 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 30.0% from its current value. Analyst projections state that LESL is forecast to be at a low of $3 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 fallen -48.62 percent over the past six months and at a -71.43% annual growth rate that is well below the industry average of 1.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -21.40% in revenue this quarter, and will report an increase of 5.00% in the next quarter. The year-over-year growth rate is expected to be -7.90%, down from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 404.09M in revenue for the current quarter. 9 analysts expect Leslies Inc to make 178.41M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 432.37M and 169.61M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -6.50%. Forecasts for the next quarter put sales growth at 5.20%.
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 -71.25% in 2024, but the outlook is positive 8.74% per year for the next five years.
LESL Dividends
Leslies Inc’s next quarterly earnings report is expected to be released in November.
Leslies Inc (NASDAQ:LESL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.97% of Leslies Inc shares, and 120.26% of them are in the hands of institutional investors. The stock currently has a share float of 126.55%. Leslies Inc stock is held by 302.0 institutions, with ARIEL INVESTMENTS, LLC being the largest institutional investor. By 2024-06-30, it held 19.8247% of the shares, which is about 36.6 million shares worth $153.36 million.
BLACKROCK INC., with 15.4529% or 28.53 million shares worth $119.54 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
