Levi Strauss & Co. (NYSE:LEVI) saw a downside of -2.56% to close Monday at $14.45 after subtracting -$0.38 on the day. The 5-day average trading volume is 1,514,300 shares of the company’s common stock. It has gained $15.26 in the past week and touched a new high 1 time within the past 5 days. An average of 2,008,315 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,415,464.
LEVI’s 1-month performance is 10.05% or $1.32 on its low of $13.19 reached on 07/10/23. The company’s shares have touched a 52-week low of $12.80 and high of $20.49, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, LEVI has lost -6.89% or -$1.07 and has reached a new high 12 times. However, the current price is down -29.48% from the 52-week high price.
Insider Transactions
LEVI stock investors last saw insider trading activity on May 31.JAFFE SETH (EVP & Chief Legal Officer) most recently sold 2,938 shares at $13.45 per share on May 31. This transaction cost the insider $39,516. Global Controller, Stirling Lisa, sold 5,017 shares at a price of $18.04 on Jan 31. Then, on Dec 30, EVP & General Counsel JAFFE SETH sold 11,442 shares at a price of $15.47 per share. This transaction amounted to $177,008.
Valuation Metrics
LEVI stock has a beta of 1.18. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.94 while the price-to-book (PB) in the most recent quarter is 2.96.
Levi Strauss & Co.’s quick ratio for the period ended May 30 was 0.70, with the current ratio over the same period at 1.40. As well, the company’s long term debt to equity for the quarter ending May 30 was 0.52, while the total debt to equity was 0.59. In terms of profitability, the gross margin trailing 12 months is 56.70%. The trailing 12-month EBITDA margin is 13.46% while for the period ending May 30, Levi Strauss & Co.’s operating margin was 8.20%. The firm’s gross profit as reported stood at $3.55 billion against revenue of $6.17 billion.
Earnings Surprise
For the quarterly period ending May 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 3208.75% to -$1.6 million, while revenue of $114.7 million was 7268.75% off the previous quarter. Analysts expected LEVI to announce $0.03 per share in earnings in its latest quarter, but it posted $0.04, representing a 33.30% surprise. EBITDA for the quarter stood at more than $49.7 million. LEVI stock balance sheet for the quarter ending May 30 shows that total liabilities totaled 3.95 billion, with total debt at $2.23 billion. Shareholders hold equity totaling $396.67 million.
Let’s look briefly at Levi Strauss & Co. (LEVI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 47.15% to suggest the stock is trending Neutral, with historical volatility in this time period at 28.40%.
The stock’s 5-day moving average is $14.82, reflecting a -4.11% or -$0.62 change from its current price. LEVI is currently trading +9.06% above its 20-day SMA, -9.18% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.05% and SMA200 by-0.62%.
Stochastic %K and %D was 69.44% and 75.79% and the average true range (ATR) pointed at 0.41. The RSI (14) points at 50.07%, while the 14-day stochastic is at 51.15% with the period’s ATR at 0.41. The stock’s 9-day MACD Oscillator is pointing at -0.11 and 0.14 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Levi Strauss & Co. (NYSE: LEVI), JP Morgan downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for LEVI stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate LEVI as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is LEVI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $14.00 and a high of $22.00, with their median price target at $16.20. Looking at these predictions, the average price target given by analysts is for Levi Strauss & Co. (LEVI) stock is $16.45.
