Long Position on LESL @ $29.25 on 6/7/2021 (Fundamentals)

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

The 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 on-site 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 services; and a mobile app.

As of January 2, 2021, the company operated 936 locations in 37 states in the United States; and e-commerce websites. It serves the residential, professional, and commercial consumers.

Leslie's (LESL) reported a 2nd Quarter March 2021 loss of $0.02 per share on revenue of $192.4 million. The consensus estimate was a loss of $0.10 per share on revenue of $148.7 million.

The company said it expects fiscal 2021 earnings of $0.65 to $0.70 per share on revenue of $1.25 billion to $1.27 billion. The company's previous guidance was earnings of $0.55 to $0.60 per share on revenue of $1.175 billion to $1.195 billion and the current consensus earnings estimate is $0.59 per share on revenue of $1.19 billion for the year ending September 30, 2021.

This stock should see an increase in share prices as summer sales should rise.

Entry Point: $29.25

Stop Loss: $27.75

Trading Range: $19.15 - $32.84

Target Price: $32.15

Position closed on 8/6/2021 at price of $27.75 with a -5.13% loss in 60 days.

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