As of Wednesday close, Levi Strauss & Co.’s (NYSE:LEVI) stock was down -$0.15, moving down -1.05 percent to $14.16. The average number of shares traded per day over the past five days has been 1,669,660 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.26 fall in that time frame. In the last twenty days, the average volume was 1,579,310, while in the previous 50 days, it was 2,345,932.
Since last month, LEVI stock rose 4.35%. Shares of the company fell to $13.31 on 07/17/23, the lowest level in the past month. A 52-week high of $20.49 was reached on 02/03/23 after having rallying from a 52-week low of $12.80. Since the beginning of this year, LEVI’s stock price has dropped by -8.76% or -$1.36, and marked a new high 12 times. However, the stock has declined by -30.89% since its 52-week high.
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LEVI stock investors should be aware that Levi Strauss & Co. (LEVI) stock had its last reported insider trading activity 78 days ago on May 31. JAFFE SETH, the EVP & Chief Legal Officer of the company, disposed of 2,938 shares for $13.45 on May 31. It resulted in a $39,516 divestment by the insider. Stirling Lisa sold 5,017 shares at an average price of $18.04 on Jan 31. The insider now owns 28,485 shares following the transaction. On Dec 30, EVP & General Counsel JAFFE SETH sold 11,442 shares at $15.47 apiece. The transaction was valued at $177,008.
Valuation Metrics
Right now, Levi Strauss & Co. (LEVI) has a P/E ratio of about 13.01. The stock’s beta is 1.18. Besides these, the trailing price-to-sales (P/S) ratio of 0.93, the price-to-book (PB) ratio of 2.90.
The latest dividend of $0.12 per share was paid out, remained unchanged from last year’s $0.12. On Thursday July 7 2022, a $0.02 dividend increase was announced.
Financial Health
In the three months ended May 30, Levi Strauss & Co.’s quick ratio stood at 0.70, while its current ratio was 1.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending May 30 was 0.52, and the total debt-to-equity ratio was 0.59. On the profitability front, the trailing twelve-month gross margin is 56.70% percent. In the year ended May 30, EBITDA margin amounted to 13.46%, whereas operating margins totaled 8.20%. Based on annual data, LEVI earned $3.55 billion in gross profit and brought in $6.17 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 19.90%. Return on equity (ROE) for the past 12 months was 22.90%.
In Levi Strauss & Co.’s quarter-end financial report for May 30, it reported total debt of $1.0 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LEVI’s revenue fell -10.05% to $1.69 billion during the quarter, while net income inched up to $1.34 billion. While analysts expected Levi Strauss & Co. to report $0.03 quarterly earnings, the actual figure was $0.04 per share, beating the consensus estimate by 33.30%. During the quarter, the company generated $49.7 million in EBITDA. The liabilities of Levi Strauss & Co. were 3.95 billion at the end of its most recent quarter ended May 30, and its total debt was $2.23 billion. The value of shareholders’ equity is $396.67 million.
Technical Picture
This quick technical analysis looks at Levi Strauss & Co.’s (LEVI) price momentum. With a historical volatility rate of 23.86%, the RSI 9-day stood at 39.63% on 16 August.
With respect to its five-day moving average, the current Levi Strauss & Co. price is down by -1.80% percent or -$0.26. At present, LEVI shares trade +0.07% above its 20-day simple moving average and -12.65% percent below its 100-day simple moving average. However, the stock is currently trading approximately +3.58% above its SMA50 and -6.35% below its SMA200.
Stochastic coefficient K was 21.69% and Stochastic coefficient D was 34.18%, while ATR was 0.40. Given the Stochastic reading of 10.59% for the 14-day period, the RSI (14) reading has been calculated as 44.67%. As of today, the MACD Oscillator reading stands at -0.16, while the 14-day reading stands at -0.32.
Analyst Ratings
Levi Strauss & Co. downgraded its rating on Levi Strauss & Co. (NYSE: LEVI) to a Neutral in a note to investors on January 23, 2023. The analysts firm previously had an Overweight rating on the stock.Levi Strauss & Co. (LEVI) has been rated Overweight by analysts. According to 0 brokerage firms, LEVI is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Levi Strauss & Co. stock as buy, with 6 recommending it as overweight.
With a median target price of $16.20, the current consensus forecast for the stock is $14.00 – $22.00. Based on these forecasts, analysts predict Levi Strauss & Co. (LEVI) will achieve an average price target of $16.45.
