Levi Strauss & Co. (LEVI) stock forecast: Can it reach its 52-week high of $24.34

A share price of Levi Strauss & Co. [LEVI] is currently trading at $21.65, up 0.89%. 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 7.39% over the last week, with a monthly amount glided 15.04%, 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 June 21, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $26 from $24. On April 04, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $24 on the stock. Telsey Advisory Group reiterated its Outperform rating and increased its price target to $22 on March 27, 2024. Telsey Advisory Group reiterated its recommendation of a Outperform and raised its price target to $18 on January 26, 2024. Wells Fargo downgraded its rating to Equal Weight for this stock on January 16, 2024, but kept the price target unchanged to $18. In a note dated September 27, 2023, TD Cowen initiated an Outperform rating and provided a target price of $16 on this stock.

Levi Strauss & Co. experienced fluctuations in its stock price throughout the past year between $12.41 and $24.34. Currently, Wall Street analysts expect the stock to reach $22.75 within the next 12 months. Levi Strauss & Co. [NYSE: LEVI] shares were valued at $21.65 at the most recent close of the market. An investor can expect a potential return of 5.08% based on the average LEVI price forecast.

Analyzing the LEVI fundamentals

Trailing Twelve Months sales for Levi Strauss & Co. [NYSE:LEVI] were 6.16B which represents 7.96% growth. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.07%, 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 0.07 and Total Capital is 0.1. 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 21.28 points at the first support level, and at 20.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.86, and for the 2nd resistance point, it is at 22.08.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Levi Strauss & Co. [NYSE:LEVI] is 1.42. Also, the Quick Ratio is 0.77, while the Cash Ratio stands at 0.34. Considering the valuation of this stock, the price to sales ratio is 1.40, the price to book ratio is 4.40 and price to earnings (TTM) ratio is 60.51.

Transactions by insiders

Recent insider trading involved Friedman David A, Director, that happened on Sep 16 ’24 when 25002.0 shares were sold. Director, Friedman David A completed a deal on Sep 16 ’24 to buy 43752.0 shares. Meanwhile, Director Friedman David A sold 4166.0 shares on Sep 03 ’24.

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