Long Position on LESL @ $28.00 on 12/24/2020 (Momentum)

Leslie's, Inc. (LESL) operates as a direct-to-consumer pool and spa care brand in the United States.

Bullish Cup and Handle on $ LESLThe company markets and sells pool and spa supplies and related products and services, which primarily consist of maintenance items, such as chemicals, equipment and parts, and cleaning and maintenance equipment, as well as safety, recreational, and fitness-related products.

It also provides essential services, such as equipment installation and repair to the ongoing maintenance of pools and spas; complimentary, commercial-grade, and in-store water testing and analysis, as well as AccuBlue water testing and prescription services; and a mobile app.

As of June 27, 2020, the company operated 934 retail locations in 37 states across the United States; and e-commerce websites.

It serves the residential, professional, and commercial consumers.

Leslie's, Inc. reported Quarter September 2020 earnings of $0.28 per share on revenue of $381.3 million. The consensus earnings estimate was $0.21 per share on revenue of $377.5 million.

The company said it expects fiscal 2021 earnings of $0.50 to $0.55 per share on revenue of $1.155 billion to $1.175 billion. The current consensus earnings estimate is $0.50 per share on revenue of $1.18 billion for the year ending September 30, 2021.

Following a strong earnings report, this stock should continue to see an increase in share prices.

Entry Point: $28.00

Trading Range: $19.15 - $28.20

Stop Loss: $26.60

Target Price: $30.80

 

Updates

1/20/2021 9:43:16 AM

LESL closed at $29.50

Position closed on 1/20/2021 at price of $29.50 with a 5.36% gain in 27 days.

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