While Leslies Inc has underperformed by -5.48%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LESL fell by -38.56%, with highs and lows ranging from $12.24 to $4.39, whereas the simple moving average jumped by 8.88% in the last 200 days.
On November 29, 2023, Telsey Advisory Group Reiterated Leslies Inc (NASDAQ: LESL) to Market Perform. A report published by Goldman on November 29, 2023, Downgraded its rating to ‘Neutral’ for LESL. Loop Capital also Downgraded LESL shares as ‘Hold’, setting a target price of $6 on the company’s shares in a report dated July 18, 2023. Jefferies July 17, 2023d the rating to Hold on July 17, 2023, and set its price target from $15 to $7. William Blair July 14, 2023d its ‘Outperform’ rating to ‘Mkt Perform’ for LESL, as published in its report on July 14, 2023. Piper Sandler’s report from July 14, 2023 suggests a price prediction of $7 for LESL shares, giving the stock a ‘Neutral’ rating. Guggenheim also rated the stock as ‘Neutral’.
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Analysis of Leslies Inc (LESL)
Further, the quarter-over-quarter decrease in sales is -10.84%, showing a negative trend in the upcoming months.
Leslies 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. Taking into account the quick ratio of the company, currently set at 0.28, 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 2.90M. On a monthly basis, the volatility of the stock is set at 5.09%, whereas on a weekly basis, it is put at 4.49%, with a loss of -2.76% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.78, showing decline from the present price of $7.41, which can serve as yet another indication of whether LESL is worth investing in or should be passed over.
How Do You Analyze Leslies Inc Shares?
Specialty Retail giant Leslies Inc (LESL) is based in the USA and is one of the largest companies in the market. When comparing Leslies 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 77.43, there is a growth in quarterly earnings of -30.08%.
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 4.68%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 114.30% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LESL shares are owned by institutional investors to the tune of 114.30% at present.
