Leslie’s, Inc. (NASDAQ:LESL – Get Free Report) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 1,581,147 shares, a growth of 65.2% from the June 30th total of 957,205 shares. Approximately 17.0% of the company’s shares are short sold. Based on an average trading volume of 1,721,793 shares, the days-to-cover ratio is presently 0.9 days.
Leslie’s Stock Performance
Shares of Leslie’s stock opened at $0.95 on Friday. The stock has a market capitalization of $8.90 million, a PE ratio of -0.03 and a beta of 1.65. Leslie’s has a 52 week low of $0.80 and a 52 week high of $12.53. The stock has a 50 day moving average price of $5.59 and a two-hundred day moving average price of $2.92.
Leslie’s (NASDAQ:LESL – Get Free Report) last issued its earnings results on Wednesday, May 13th. The company reported ($5.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.41) by ($0.95). The firm had revenue of $184.74 million during the quarter, compared to the consensus estimate of $162.48 million. Research analysts forecast that Leslie’s will post -2.77 EPS for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
LESL has been the topic of several research analyst reports. Wall Street Zen raised shares of Leslie’s from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Mizuho decreased their price target on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Friday, May 8th. Wolfe Research reiterated an “outperform” rating and set a $3.00 price objective (up from $2.00) on shares of Leslie’s in a report on Thursday, May 14th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Leslie’s in a report on Thursday, June 18th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $2.85.
View Our Latest Stock Analysis on Leslie’s
About Leslie’s
Leslie’s, Inc (NASDAQ: LESL) is the largest direct-to-consumer retailer of swimming pool supplies and related equipment in the United States. Through a network of more than 900 company-operated stores and a robust e-commerce platform, the company offers a comprehensive range of pool chemicals, cleaning tools, pumps, filters, heaters and pool accessories. In addition to product retailing, Leslie’s provides in-store and in-home water testing services, equipment installation, repair and ongoing maintenance programs designed to support both residential and commercial pool owners.
Founded in 1963 in North Miami Beach, Florida, Leslie’s has grown from a single neighborhood pool-supply shop into a national specialty retailer.
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