A share price of Levi Strauss & Co. [LEVI] is currently trading at $20.50, down -0.24%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LEVI shares have gain 9.39% over the last week, with a monthly amount glided 12.51%, and seem to be holding up well over a long-time horizon.
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On 3, April 2024, Levi Strauss & Co. Reports First-Quarter 2024 Financial Results. In a post published today on Yahoo Finance, Q1 Earnings Results Above ExpectationsGross Margin of 58.2% Up 240 BPS Over Prior Year Driven by Lower Product Costs & Favorable Mix ShiftGlobal DTC Up 7% Including 10% Growth in the U.S.Diluted Loss Per Share of $(0.03) Due to Restructuring Charges, Adjusted Diluted EPS of $0.26Company Affirms 1-3% FY Revenue Growth & Raises EPS Range to $1.17-$1.27.
From an analyst’s perspective:
Levi Strauss & Co. [NYSE: LEVI] stock has seen the most recent analyst activity on April 04, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $24 from $22. Previously, Telsey Advisory Group reaffirmed its Outperform rating on March 27, 2024, and elevated its price target to $22. On January 26, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $18 on the stock. Wells Fargo downgraded its rating to a Equal Weight but stick to its price target of $18 on January 16, 2024. TD Cowen initiated its recommendation with a Outperform and recommended $16 as its price target on September 27, 2023. JP Morgan downgraded its rating to Neutral for this stock on January 23, 2023, and downed its price target to $17. In a note dated January 18, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $19 to $17.
Levi Strauss & Co. experienced fluctuations in its stock price throughout the past year between $12.41 and $22.39. Currently, Wall Street analysts expect the stock to reach $21.88 within the next 12 months. Levi Strauss & Co. [NYSE: LEVI] shares were valued at $20.50 at the most recent close of the market. An investor can expect a potential return of 6.73% based on the average LEVI price forecast.
Analyzing the LEVI fundamentals
Trailing Twelve Months sales for Levi Strauss & Co. [NYSE:LEVI] were 6.05B which represents -7.59% decline. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.06 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 0.64.
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 20.27 points at the first support level, and at 20.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.75, and for the 2nd resistance point, it is at 21.00.
Levi Strauss & Co. [LEVI] reported earnings per share of $0.26 for its fiscal quarter that ended on 2/28/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.21/share, meaning a difference of $0.05 and a surprise factor of 23.80%. By comparison, the stated earnings for the previous quarter ended on 11/29/2023 were $0.44 per share as compared to estimates of $0.43 per share, a difference of $0.01 representing a surprise of 2.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Levi Strauss & Co. [NYSE:LEVI] is 1.43. Further, the Quick Ratio stands at 0.78, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 1.35, the price to book ratio is 4.13 and price to earnings (TTM) ratio is 66.32.
Transactions by insiders
Recent insider trading involved Haas Bradley J., 10% Owner, that happened on Apr 04 ’24 when 14015.0 shares were sold. 10% Owner, Haas Bradley J. completed a deal on Apr 01 ’24 to sell 26959.0 shares. Meanwhile, Director Friedman David A sold 10422.0 shares on Apr 01 ’24.
