The stock of Leslie’s Inc. (NASDAQ:LESL) decreased by -$0.02 on Tuesday to at $6.68, down -0.22 percent. The last five days have seen an average of 2,022,497 shares of common stock traded. 16 times new highs were reached in the current year, with a fall of -$5.50. The average number of shares traded over the last 20 days was 3,293,484, while the average volume over the last 50 days totaled 5,679,178.
LESL stock appreciated 4.95% since last month. On 08/25/23, the company’s shares reached a one-month low of $6.17. The stock touched a high of $17.12 on 02/02/23, after rallying from a low of $5.28 in 52 weeks. The price of LESL stock has declined by -45.25% or -$5.50 this year, reaching a new high 16 times. Still, the stock price is down -60.96% from the 52-week high.
Insider Transactions
LESL stock investors should be aware that Leslie’s Inc. (LESL) stock had its last reported insider trading activity 22 days ago on Aug 07. On Aug 07, Chief Executive Officer Egeck Michael R. acquired 50,000 shares at $6.93 each. This transaction resulted in the insider spending $346,410. On Aug 07, Weddell Steven M added 25,000 shares at a price of US$6.92. After the transaction, the insider now owns 1,436,377 shares. Former 10% Owner Bubbles Investor Aggregator, L had earlier sold 9,343,499 shares on Dec 12 for $12.02 a share. The transaction was completed for $112,308,858.
Valuation Metrics
Leslie’s Inc. (LESL) has a trailing price-to-earnings (P/E) ratio of 18.07. Beta for the stock is 0.67. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.81.
Financial Health
For the three months ended June 29, Leslie’s Inc.’s quick ratio was 0.30, while its current ratio was 1.70, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 40.50% percent. Leslie’s Inc.’s EBITDA margin for the year ended June 29 was 17.25%, whereas its operating margin stood at 9.80% for the same period. Based on annual data, it had gross profit of $673.74 million and revenue of $1.56 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LESL’s return on assets (ROA) during the last 12 months has been 6.10%. There was a 32.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -32.00%.
Earnings Surprise
According to Leslie’s Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $610.6 million, while revenues fell by -10.32% to $212.17 million. It was predicted that Leslie’s Inc.’s quarterly earnings would be $0.41, but it ended up being $0.44, beating the consensus by -6.80%. EBITDA was $124.49 million for the quarter. At the end of Leslie’s Inc.’s most recent quarter ended June 29, its liabilities totaled 1.32 billion, while its total debt was $1.07 billion. Equity owned by shareholders amounts to $184.0 million.
Technical Picture
Here’s a quick look at Leslie’s Inc.’s (LESL) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 51.58%, suggesting the stock is Neutral, with a 46.45% historical volatility rate.
The stochastic %K and %D were 34.77% and 21.09% respectively, while the average true range (ATR) was 0.31. Based on the 14-day stochastic reading of 46.55%, the RSI (14) reading is 46.56%. On the 9-day MACD Oscillator, the stock is at 0.04, and the 14-day reading is at -0.15.
Analyst Ratings
Leslie’s Inc. (NASDAQ: LESL) was downgraded by Loop Capital to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Leslie’s Inc. (LESL) an Hold rating. LESL is a stock that is recommended for selling by 0 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is LESL’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.00 and $12.00, with a median target price of $7.25. In analyzing these forecasts, the average price target given by analysts for Leslie’s Inc. (LESL) is $7.85.
