At the time of writing, Levi Strauss & Co. [LEVI] stock is trading at $20.30, up 1.55%. An important factor to consider is whether the stock is rising or falling in short-term value. The LEVI shares have gain 8.79% over the last week, with a monthly amount glided 11.72%, 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 March 27, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $22 from $18. Previously, Telsey Advisory Group reaffirmed its Outperform rating on January 26, 2024, and elevated its price target to $18. On January 16, 2024, downgrade downgraded it’s rating to Equal Weight but maintained its price target of $18 on the stock. TD Cowen started tracking the stock assigning a Outperform rating and suggested a price target of $16 on September 27, 2023. JP Morgan downgraded its rating to a Neutral and reduced its price target to $17 on January 23, 2023. BofA Securities downgraded its rating to Neutral for this stock on January 18, 2023, and downed its price target to $17. In a note dated January 11, 2023, Citigroup downgraded an Neutral rating on this stock and revised its target price from $19 to $17.
For the past year, the stock price of Levi Strauss & Co. fluctuated between $12.41 and $20.02. Currently, Wall Street analysts expect the stock to reach $23.33 within the next 12 months. Levi Strauss & Co. [NYSE: LEVI] shares were valued at $20.30 at the most recent close of the market. An investor can expect a potential return of 14.93% 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 19.76 points at the first support level, and at 19.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.60, and for the 2nd resistance point, it is at 20.90.
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. On the other hand, the Quick Ratio is 0.75, and the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 1.31, the price to book ratio is 3.94 and price to earnings (TTM) ratio is 32.63.
Transactions by insiders
Recent insider trading involved Friedman David A, Director, that happened on Apr 01 ’24 when 10422.0 shares were sold. Director, Friedman David A completed a deal on Mar 28 ’24 to sell 35415.0 shares. Meanwhile, 10% Owner Haas Bradley J. sold 23041.0 shares on Mar 28 ’24.
