Leslie’s Inc. [NASDAQ: LESL] loss -2.48% or -0.66 points to close at $25.92 with a heavy trading volume of 12470189 shares. The company report on February 11, 2021 that Leslie’s, Inc. Announces Pricing of Secondary Offering.
Leslie’s, Inc. (the “Company” or “Leslie’s”) (Nasdaq: LESL) announced the pricing of the previously announced underwritten secondary offering by certain of the Company’s stockholders (the “Selling Stockholders”) of 29,000,000 shares of the Company’s common stock, at a price of $26.00 per share (before underwriting discounts and commissions) (the “Offering”). The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional 4,350,000 shares of common stock. The Selling Stockholders will receive all of the proceeds from the offering. Leslie’s is not offering any shares of its common stock in the offering and will not receive any proceeds from the offering, including from any exercise by the underwriters of their option to purchase additional shares. The offering is expected to close on February 16, 2021, subject to the satisfaction of customary closing conditions.
Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, and BofA Securities are acting as joint lead book-running managers and representatives of the underwriters for the Offering. Nomura is also serving as bookrunner for the Offering with Baird, Guggenheim Securities, Piper Sandler, William Blair, Telsey Advisory Group, Loop Capital Markets, Ramirez & Co., Inc., and AmeriVet Securities serving as co-managers.
If we look at the average trading volume of 888.20K shares, LESL reached to a volume of 12470189 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Leslie’s Inc. [LESL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LESL shares is $28.61 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LESL stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Berenberg have made an estimate for Leslie’s Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on February 10, 2021. The new note on the price target was released on January 05, 2021, representing the official price target for Leslie’s Inc. stock. Previously, the target price had yet another raise to $26, while Loop Capital analysts kept a Buy rating on LESL stock.
The Average True Range (ATR) for Leslie’s Inc. is set at 1.95, with the Price to Sales ratio for LESL stock in the period of the last 12 months amounting to 4.44.
Trading performance analysis for LESL stock
Leslie’s Inc. [LESL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.59.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LESL stock in for the last two-week period is set at 40.88, with the RSI for the last a single of trading hit 31.74, and the three-weeks RSI is set at 46.12 for Leslie’s Inc. [LESL]. The present Moving Average for the last 50 days of trading for this stock 25.84, while it was recorded at 27.05 for the last single week of trading.
Leslie’s Inc. [LESL]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Leslie’s Inc. [LESL] shares currently have an operating margin of +13.18 and a Gross Margin at +41.42. Leslie’s Inc.’s Net Margin is presently recorded at +5.27.
Return on Total Capital for LESL is now 34.36, given the latest momentum, and Return on Invested Capital for the company is 14.98. Additionally, LESL Total Debt to Total Capital is recorded at 251.58, with Total Debt to Total Assets ending up at 171.52.
Reflecting on the efficiency of the workforce at the company, Leslie’s Inc. [LESL] managed to generate an average of $15,827 per employee. Receivables Turnover for the company is 34.04 with a Total Asset Turnover recorded at a value of 1.71.Leslie’s Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.40.
Leslie’s Inc. [LESL]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LESL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Leslie’s Inc. go to 19.10%.
An analysis of insider ownership at Leslie’s Inc. [LESL]
There are presently around $469 million, or 36.20% of LESL stock, in the hands of institutional investors. The top three institutional holders of LESL stocks are: BLACKROCK INC. with ownership of 8,921,086, which is approximately New of the company’s market cap and around 1.80% of the total institutional ownership; JPMORGAN CHASE & CO, holding 2,891,978 shares of the stock with an approximate value of $74.96 million in LESL stocks shares; and VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P., currently with $28.8 million in LESL stock with ownership of nearly New of the company’s market capitalization.
Positions in Leslie’s Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 32 institutional holders increased their position in Leslie’s Inc. [NASDAQ:LESL] by around 18,095,555 shares. Additionally, 0 investors decreased positions by around 0 shares, while 0 investors held positions by with 0 shares. The mentioned changes placed institutional holdings at 18,095,555 shares, according to the latest SEC report filing. LESL stock had 32 new institutional investments in for a total of 18,095,555 shares, while 0 institutional investors sold positions of 0 shares during the same period.