At the time of writing, Levi Strauss & Co. [LEVI] stock is trading at $18.78, up 1.29%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LEVI shares have gain 2.68% over the last week, with a monthly amount glided 4.57%, and seem to be holding up well over a long-time horizon.
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On 29, January 2024, Michelle Gass Assumes Role of Levi Strauss & Co. President & Chief Executive Officer. In a post published today on Yahoo Finance, Elevates Kenny Mitchell, Chief Marketing Officer, and Dawn Vitale, Chief Merchandising Officer, to Executive Leadership Team.
From an analyst’s perspective:
Levi Strauss & Co. [NYSE: LEVI] stock has seen the most recent analyst activity on January 26, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $18 from $16. Previously, Wells Fargo downgraded its rating to Equal Weight on January 16, 2024, and kept the price target unchanged to $18. On September 27, 2023, TD Cowen initiated with a Outperform rating and assigned a price target of $16 on the stock. JP Morgan downgraded its rating to a Neutral and decreased its price target to $17 on January 23, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $17 on January 18, 2023. Citigroup downgraded its rating to Neutral for this stock on January 11, 2023, and downed its price target to $17. In a note dated December 12, 2022, Goldman downgraded an Neutral rating on this stock but restated the target price of $17.
For the past year, the stock price of Levi Strauss & Co. fluctuated between $12.41 and $18.73. Currently, Wall Street analysts expect the stock to reach $22.33 within the next 12 months. Levi Strauss & Co. [NYSE: LEVI] shares were valued at $18.78 at the most recent close of the market. An investor can expect a potential return of 18.9% based on the average LEVI price forecast.
Analyzing the LEVI fundamentals
According to Levi Strauss & Co. [NYSE:LEVI], the company’s sales were 6.18B for trailing twelve months, which represents an 3.48% jump. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.13 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.52 points at the first support level, and at 18.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.97, and for the 2nd resistance point, it is at 19.17.
Levi Strauss & Co. [LEVI] reported earnings per share of $0.44 for its fiscal quarter that ended on 11/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.43/share, meaning a difference of $0.01 and a surprise factor of 2.30%. By comparison, the stated earnings for the previous quarter ended on 8/30/2023 were $0.28 per share as compared to estimates of $0.27 per share, a difference of $0.01 representing a surprise of 3.70%.
Ratios To Look Out For
It is important to note that Levi Strauss & Co. [NYSE:LEVI] has a current ratio of 1.48. Also, the Quick Ratio is 0.75, while the Cash Ratio stands at 0.22. Considering the valuation of this stock, the price to sales ratio is 1.21, the price to book ratio is 3.65 and price to earnings (TTM) ratio is 30.18.
Transactions by insiders
Recent insider trading involved Haas Margaret E., 10% Owner, that happened on Feb 21 ’24 when 1552.0 shares were sold. 10% Owner, Haas Margaret E. completed a deal on Feb 20 ’24 to sell 9462.0 shares. Meanwhile, 10% Owner Haas Margaret E. sold 467.0 shares on Feb 16 ’24.
