A share price of Levi Strauss & Co. [LEVI] is currently trading at $22.68, up 3.18%. 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 3.47% over the last week, with a monthly amount glided 12.89%, and seem to be holding up well over a long-time horizon.
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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 $22.40. 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 $22.68 at the most recent close of the market. An investor can expect a potential drop of -3.53% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.64.
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 22.18 points at the first support level, and at 21.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.96, and for the 2nd resistance point, it is at 23.24.
Levi Strauss & Co. [LEVI] reported earnings per share of $0.26 for its fiscal quarter that ended on 2/29/2024. 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 11/30/2023 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. As well, the Quick Ratio is 0.78, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 1.50, the price to book ratio is 4.57 and price to earnings (TTM) ratio is 73.37.
Transactions by insiders
Recent insider trading involved Singh Harmit J, EVP & Chief Fin. & Growth Ofc., that happened on May 08 ’24 when 0.28 million shares were sold. EVP & Chief Fin. & Growth Ofc., Singh Harmit J completed a deal on May 07 ’24 to sell 0.35 million shares. Meanwhile, Director McCormick Christopher J bought 500.0 shares on May 06 ’24.
