With 15.34 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.19 million shares. During the session, the Specialty Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $5.70 whereas the lowest price it dropped to was $5.42. The 52-week range on LESL shows that it touched its highest point at $17.12 and its lowest point at $5.28 during that stretch. It currently has a 1-year price target of $7.85. Beta for the stock currently stands at 0.73.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LESL was down-trending over the past week, with a drop of -1.93%, but this was down by -20.51% over a month. Three-month performance dropped to -45.56% while six-month performance fell -52.14%. The stock lost -59.51% in the past year, while it has lost -54.30% so far this year. A look at the trailing 12-month EPS for LESL yields 0.37 with Next year EPS estimates of 0.51. For the next quarter, that number is 0.18. This implies an EPS growth rate of 28.20% for this year and 73.22% for next year.
Float and Shares Shorts:
At present, 183.93 million LESL shares are outstanding with a float of 175.77 million shares on hand for trading. On Aug 30, 2023, short shares totaled 18.62 million, which was 10.12% higher than short shares on Jul 30, 2023. In addition to Mr. Michael R. Egeck as the firm’s CEO & Director, Mr. Brad A. Gazaway serves as its Chief Legal Officer & Corp. Sec.
Other institutions hold 97.26% of LESL, in contrast to 65.23% held by mutual funds. Shares owned by individuals account for 56.12%. As the largest shareholder in LESL with 12.41% of the stake, BlackRock Fund Advisors holds 22,837,256 shares worth 22,837,256. A second-largest stockholder of LESL, Ariel Investments LLC, holds 20,000,131 shares, controlling over 10.87% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in LESL, holding 17,675,504 shares or 9.61% stake. With a 5.71% stake in LESL, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 10,500,524 shares are owned by the mutual fund manager. The Janus Henderson Triton Fund, which owns about 3.24% of LESL stock, is the second-largest Mutual Fund holder. It holds 5,962,361 shares valued at 37.32 million. Ariel Fund holds 3.02% of the stake in LESL, owning 5,560,591 shares worth 34.81 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 30, 2023, LESL reported revenue of $673.63M and operating income of $172.14M. The EBITDA in the recently reported quarter was $179.34M and diluted EPS was $0.67.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LESL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LESL analysts setting a high price target of $12.00 and a low target of $6.00, the average target price over the next 12 months is $7.85. Based on these targets, LESL could surge 115.05% to reach the target high and rise by 7.53% to reach the target low. Reaching the average price target will result in a growth of 40.68% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded LESL stock several times over the past three months with 3 Buys and 1 Sells. In these transactions, 280,546 shares were bought while 84,841 shares were sold. The number of buy transactions has increased to 20 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 671,077 while 9,545,189 shares were sold.