Levi Strauss & Co. (NYSE:LEVI) traded with a subtraction of -$0.96 to $24.59 on Wednesday, a downside of -3.76 percent. An average of 2,339,158 shares of common stock have been traded in the last five days. There was a fall of -$0.86 in the past week. The last 20 days have seen an average of 1,794,045 shares traded, while the 50-day average volume stands at 1,575,780.
LEVI stock has decreased by -3.58% in the last month. The company shares reached their 1-month lowest point of $24.04 on 09/21/21. With the stock rallying to its 52-week high on 05/04/21, shares of the company touched a low of $14.60 and a high of $30.84 in 52 weeks. In spite of this, the price is down -20.27% from the 52-week high.
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21 days have passed since Levi Strauss & Co. (LEVI) last reported insider trading activity. Friedman David A, who is Director, most recently acquired $25,000 shares at $26.40 per share on Sep 15. In this transaction, the insider spent $660,000. EVP & Chief Commercial Officer, Ellison Seth M., disposed of 23,135 shares at a price of $27.00 on Sep 10. The insider now owns more than $624,645 worth of shares. Prior to that, Director Friedman David A went on to Sale 25,000 shares at $27.62 each on Aug 16. An amount of $690,500 was transacted.
Levi Strauss & Co. (LEVI) has a trailing price-to-earnings (P/E) ratio of 35.88, which compares with the 15.40 for the broader industry and 19.85 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Levi Strauss & Co.’s PE ratio has ranged between 41.50 and 9.704. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.00, the price-to-book (PB) ratio at 7.16, and the price-to-cash flow ratio at 19.60.
The quick ratio of Levi Strauss & Co. for the three months ended May 30 was 1.30, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.88 and a total debt to equity ratio of 0.89 for the quarter ending May 30. On the profitability front, the trailing 12-month gross margin is 56.70% against a 5-year average of 52.3%. Levi Strauss & Co.’s EBITDA margin for the year ending May 30 is 6.80%, while its operating margin for the same period stands at 8.40%. Its gross profit as reported stood at $2.35 billion compared to revenue of $4.45 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Levi Strauss & Co.’s return on assets was 5.10%, compared to 8.9% over the last five years. In the past year, the return on investment has been -1.30%, and the 5-year average is 18.4%. Meanwhile, the return on equity (ROE) for the past 12 months has been 21.80% and the 5-year average holds at 42.9%. For the broader industry, ROE averaged 9.42 over the past year.
For the three-month period that ended May 30, Levi Strauss & Co. had $94.53 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.28 billion in the quarter, while revenues of $1.31 billion were grew 61.01%. The analyst consensus anticipated Levi Strauss & Co.’s latest quarter earnings to come in at $0.09 per share, but it turned out to be $0.23, a 155.60% surprise. For the quarter, EBITDA amounted to $140.91 million. Shareholders own equity worth $401.77 million.
From a technical analysis perspective, let’s take a brief look at Levi Strauss & Co. (LEVI) price momentum. RSI 9-day as of the close on 05 October was 40.88%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.87%.
As of today, LEVI’s price is $25.00 -3.35% or -$0.86 from its 5-day moving average. LEVI is currently trading -6.31% lower than its 20-day SMA and -14.72% lower than its 100-day SMA. However, the stock’s current price level is -6.45% below the SMA50 and +15.03% above the SMA200.
The stochastic %K and %D were 44.52% and 40.77%, respectively, and the average true range (ATR) was 0.93. With the 14-day stochastic at 33.19% and the average true range at 0.91, the RSI (14) stands at 41.31%. The stock has reached -0.10 on the 9-day MACD Oscillator while the 14-day reading was at 0.04.
Wells Fargo launched coverage on Levi Strauss & Co. (NYSE: LEVI) in its analyst report released on August 30, 2021. The firm assigned the stock a an Overweight rating.The consensus rating for Levi Strauss & Co. (LEVI) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LEVI, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 13 others rate it as a “buy”.
What is LEVI’s price target for the next 12 months?
Analysts predict a range of price targets between $31.00 and $40.00, with a median target of $34.30. Taking a look at these predictions, the average price target given by analysts for Levi Strauss & Co. (LEVI) stock is $34.95.