Guggenheim raised the price target for the Leslie’s Inc. (NASDAQ:LESL) stock from “a Neutral” to “a Buy”. The rating was released on March 09, 2021. The research report from Loop Capital has downgraded the stock from Buy to Hold, with a price target set at $26. The stock was initiated by Loop Capital, who disclosed in a research note on December 04, 2020, to Buy and set the price objective to $26. In their research brief published November 23, 2020, Wolfe Research analysts initiated the Leslie’s Inc. stock to Outperform with a price target of $25.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$0.01 during the last quarter as opposed to a consensus estimate of -$0.09, which indicates the company beat its estimate by $0.08, which implies that the company surprised the market by 88.90%. It appears that the average earnings per share estimate for the current quarter (ending in Jun 2021) is $0.54. This is an average of 11 analysts’ earnings, where the high earnings per share estimate is $0.61 and the low earnings per share estimate is $0.48. According to 10 analyst estimates, an average revenue estimate of $565.32M is projected for the current quarter with a high revenue estimate of $590.6M and a low estimate of $537.6M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Leslie’s Inc. (NASDAQ:LESL) dipped -7.59% to close Wednesday’s market session at $27.74, lower as compared to yesterday’s close. The stock price fluctuated between $27.62 and $30.00 throughout the trading session with the volume trading being 4473021 shares, which represented a significant variation when compared to the three months average volume of 1.45 million shares. The firm’s stock price fluctuated -5.19% within the last five trades and 0.18% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 37.67% in the last 6 months and 15.06% was added to its value over the previous 3 months. LESL stock is trading at a margin of -2.67%, 1.50% and 9.69% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, LESL deals in the Consumer Cyclical domain. The stock is trading -15.53 percent below its 52-week high and 44.86 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 28.12. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Leslie’s Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $5.27 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 34.55. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 4.39 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 3.60 percent of Leslie’s Inc. shares are owned by insiders, and 98.40 percent are held by financial institutions. Ortega Steven L, the Director at Leslie’s Inc. (LESL) has sold 13,212 shares of firm on Jun 03 at a price of $30.08 against the total amount of $0.4 million. In another inside trade, Egeck Michael R., Chief Executive Officer of Leslie’s Inc. (NASDAQ:LESL) sold 56,668 shares of the firm on Jun 03 for a total worth of $1.7 million at a price of $30.08. An inside trade which took place on Jun 02, Chief Executive Officer of Leslie’s Inc. Egeck Michael R. sold 289,586 shares of firm against total price of $8.43 million at the cost of $29.11 per share.