In yesterday’s Wall Street session, Leslie’s Inc. (NASDAQ:LESL) shares traded at $5.58, up 1.64% from the previous session.
As of this writing, 12 analysts cover Leslie’s Inc. (NASDAQ:LESL). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $6.00, we find $7.25. Given the previous closing price of $5.49, this indicates a potential upside of 32.06 percent. LESL stock price is now -17.83% away from the 50-day moving average and -47.24% away from the 200-day moving average. The market capitalization of the company currently stands at $1.06B.
There are 9 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $7.85 as their price target over the next twelve months.
With the price target reduced from $16 to $6, Loop Capital Downgraded its rating from Buy to Hold for Leslie’s Inc. (NASDAQ: LESL).
In other news, Egeck Michael R., Chief Executive Officer bought 50,000 shares of the company’s stock on Aug 07. The stock was bought for $346,410 at an average price of $6.93. Upon completion of the transaction, the Chief Executive Officer now directly owns 2,391,814 shares in the company, valued at $13.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 07, Weddell Steven M bought 25,000 shares of the business’s stock. A total of $173,078 was incurred on buying the stock at an average price of $6.92. This leaves the insider owning 1,436,377 shares of the company worth $8.01 million. Insiders disposed of 9,545,189 shares of company stock worth roughly $53.26 million over the past 1 year. A total of 1.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LESL stock. A new stake in Leslie’s Inc. shares was purchased by WELLINGTON MANAGEMENT GROUP LLP during the first quarter worth $10,348,000. GRANITE INVESTMENT PARTNERS, LLC invested $6,683,000 in shares of LESL during the first quarter. In the first quarter, CHARTWELL INVESTMENT PARTNERS, LLC acquired a new stake in Leslie’s Inc. valued at approximately $3,043,000. MARSHALL WACE, LLP acquired a new stake in LESL for approximately $2,080,000. POLEN CAPITAL MANAGEMENT LLC purchased a new stake in LESL valued at around $1,463,000 in the second quarter. In total, there are 348 active investors with 117.15% ownership of the company’s stock.
Thursday morning saw Leslie’s Inc. (NASDAQ: LESL) opened at $5.50. During the past 12 months, Leslie’s Inc. has had a low of $5.28 and a high of $17.12. According to the stock market information, the enterprise value for the company is $2.06B, which is based on a 15.08 price-to-earnings ratio, a 1.55 price-to-earnings-growth ratio, and a beta of 0.74. The fifty day moving average price for LESL is $6.71 and a two-hundred day moving average price translates $10.53 for the stock.
The latest earnings results from Leslie’s Inc. (NASDAQ: LESL) was released for Jun, 2023. The net profit margin was 4.60% and return on equity was -32.00% for LESL. The company reported revenue of $610.89 million for the quarter, compared to $673.63 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.31 percent.
Leslie’s Inc.(LESL) Company Profile
Leslie’s, Inc. operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products, as well as installation and repair services for pool and spa equipment. The company also sells its products through e-commerce websites and third-party marketplaces. It serves the residential, professional, and commercial consumers. Leslie’s, Inc. was founded in 1963 and is based in Phoenix, Arizona.
