In Thursday’s session, Leslie’s Inc. (NASDAQ:LESL) marked $15.61 per share, up from $15.60 in the previous session. While Leslie’s Inc. has overperformed by 0.06%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LESL fell by -35.89%, with highs and lows ranging from $25.73 to $13.74, whereas the simple moving average fell by -21.09% in the last 200 days.
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On June 23, 2022, Loop Capital Downgraded Leslie’s Inc. (NASDAQ: LESL) to Hold. A report published by Goldman on April 04, 2022, Upgraded its rating to ‘Buy’ for LESL. Telsey Advisory Group also reiterated LESL shares as ‘Outperform’, quoting a target price of $30 on the company’s shares in a report dated December 07, 2021. Stifel initiated its ‘Buy’ rating for LESL, as published in its report on September 09, 2021. Loop Capital’s report from August 20, 2021 suggests a price prediction of $25 for LESL shares, giving the stock a ‘Buy’ rating. BofA Securities also rated the stock as ‘Buy’.
Analysis of Leslie’s Inc. (LESL)
Further, the quarter-over-quarter increase in sales is 18.60%, showing a positive trend in the upcoming months.
Leslie’s Inc.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -45.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.40, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and LESL has an average volume of 2.16M. On a monthly basis, the volatility of the stock is set at 4.46%, whereas on a weekly basis, it is put at 3.43%, with a gain of 2.03% over the past seven days. Furthermore, long-term investors anticipate a median target price of $22.91, showing growth from the present price of $15.61, which can serve as yet another indication of whether LESL is worth investing in or should be passed over.
How Do You Analyze Leslie’s Inc. Shares?
Home Improvement Retail giant Leslie’s Inc. (LESL) is based in the USA and is one of the largest companies in the market. When comparing Leslie’s Inc. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 21.47, there is a growth in quarterly earnings of -17.90%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.20%. This can enable you to see the extent to which executives own the company’s stock.
Are institutional investors increasing their holdings in LESL shares?
The recent increase in stakes in LESL appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in LESL has decreased by -0.50% in the first quarter. The company now owns 13,080,221 shares of the stock, with a value of $198.56 million, following the sale of -65,070 additional shares during the last quarter. GIC Pte Ltd. made another decreased to its shares in LESL during the first quarter, downing its stake by 0.00%. During the last quarter, the company dropped down 0 additional shares for a total stake of worth $166.68 million, bringing number of shares owned by the company to 10,980,229.
During the first quarter, William Blair Investment Manageme subtracted a -261,503 position in LESL. Champlain Investment Partners LLC purchased an additional 67300.0 shares in the last quarter, increasing its holdings by 0.64%, now holding 10.58 million shares worth $160.59 million. At the end of the first quarter, Kayne Anderson Rudnick Investment increased its LESL holdings by 1.00% and now holds 9.75 million LESL shares valued at $147.98 million with the added 96426.0 shares during the period.