Leslie’s Inc. (NASDAQ: LESL) is -7.89% lower on its value in year-to-date trading and has touched a low of $19.15 and a high of $32.84 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LESL stock was last observed hovering at around $25.71 in the last trading session, with the day’s loss setting it -0.15% off its average median price target of $28.50 for the next 12 months. It is also 36.1% off the consensus price target high of $40.00 offered by 12 analysts, but current levels are -16.18% lower than the price target low of $22.00 for the same period.
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Currently trading at $25.56, the stock is 9.09% and 1.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.79 million and changing -0.58% at the moment leaves the stock 5.28% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $23.43 and a 200-day simple moving average (SMA200) of $24.27.
The stock witnessed a 13.55% in the last 1 month and extending the period to 3 months gives it a -4.09%, and is 18.39% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.01% over the week and 5.65% over the month.
Leslie’s Inc. (LESL) has around 3700 employees, a market worth around $4.70B and $1.13B in sales. Fwd P/E is 39.26. Distance from 52-week low is 33.47% and -22.17% from its 52-week high. The company has generated returns on investments over the last 12 months (39.80%).
Leslie’s Inc. (LESL) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Leslie’s Inc. (LESL) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 2.00, where 5 rate it as a Hold and 1 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Leslie’s Inc. is expected to release its quarterly report on 09/01/2021 and quarterly earnings per share for the current quarter are estimated at -$0.09 with sales reaching $148.66M over the same period.The EPS is expected to grow by 40.50% this year, but quarterly earnings will post 7.10% year-over-year.
Leslie’s Inc. (LESL) Top Institutional Holders
155 institutions hold shares in Leslie’s Inc. (LESL), with 7.19M shares held by insiders accounting for 3.85% while institutional investors hold 94.20% of the company’s shares. Institutions hold 90.58% of the Float.
The top institutional shareholder in the company is Catterton Management Company, L.L.C. with over 65.54 million shares valued at $1.82 billion. The investor’s holdings represent 35.07% of the LESL Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 8.92 million shares valued at $247.56 million to account for 4.77% of the shares outstanding. The other top investors are Third Point, LLC which holds 4.5 million shares representing 2.41% and valued at over $124.88 million, while Capital Research Global Investors holds 2.14% of the shares totaling 4.0 million with a market value of $111.0 million.
Leslie’s Inc. (LESL) Insider Activity
A total of 11 insider transactions have happened at Leslie’s Inc. (LESL) in the last six months, with sales accounting for 8 and purchases happening 3 times. The most recent transaction is an insider sale by Weddell Steven M. SEC filings show that Weddell Steven M sold 540,094 shares of the company’s common stock on Feb 16 at a price of $25.22 per share for a total of $13.62 million. Following the sale, the insider now owns 1.72 million shares.
Leslie’s Inc. disclosed in a document filed with the SEC on Feb 16 that Strain John (Director) sold a total of 16,024 shares of the company’s common stock. The trade occurred on Feb 16 and was made at $25.22 per share for $0.4 million. Following the transaction, the insider now directly holds 51032.0 shares of the LESL stock.
Still, SEC filings show that on Feb 16, Ortega Steven L (Director) disposed off 184,623 shares at an average price of $25.22 for $4.66 million. The insider now directly holds 587,959 shares of Leslie’s Inc. (LESL).