Levi Strauss & Co. [LEVI] stock prices are up 1.44% to $18.99 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LEVI shares have gain 3.66% over the last week, with a monthly amount glided 5.85%, and seem to be holding up well over a long-time horizon.
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On 20, March 2024, Levi Strauss & Co. to Webcast First Quarter 2024 Earnings Conference Call. In a post published today on Yahoo Finance, Levi Strauss & Co. (NYSE: LEVI) will host a conference call to discuss the company’s financial results for the first quarter ended February 25, 2024. The call will be held on Wednesday, April 3, 2024, at 2 p.m. Pacific Time / 5 p.m. Eastern Time, and will be hosted by Michelle Gass, president and chief executive officer, and Harmit Singh, chief financial and growth officer.
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.
The stock price of Levi Strauss & Co. [LEVI] has been fluctuating between $12.41 and $18.91 over the past year. 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 $18.99 at the most recent close of the market. An investor can expect a potential return of 17.59% based on the average LEVI price forecast.
Analyzing the LEVI fundamentals
The Levi Strauss & Co. [NYSE:LEVI] reported sales of 6.18B for trailing twelve months, representing a surge of 3.48%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.07.
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 18.77 points at the first support level, and at 18.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.11, and for the 2nd resistance point, it is at 19.24.
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’s worth pointing out that Levi Strauss & Co. [NYSE:LEVI]’s Current Ratio is 1.48. As well, the Quick Ratio is 0.75, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 1.22, the price to book ratio is 3.69 and price to earnings (TTM) ratio is 30.52.
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.
