As of Wednesday close, Levi Strauss & Co.’s (NYSE:LEVI) stock was down -$0.11, moving down -0.77 percent to $14.10. The average number of shares traded per day over the past five days has been 1,528,960 shares. 3 times new highs have been achieved over the past 5 days, with a $0.18 gain in that time frame. In the last twenty days, the average volume was 1,522,445, while in the previous 50 days, it was 2,225,414.
Since last month, LEVI stock retreated -6.81%. Shares of the company fell to $13.68 on 08/22/23, the lowest level in the past month. A 52-week high of $19.35 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 -9.15% or -$1.42, and marked a new high 12 times. However, the stock has declined by -27.15% since its 52-week high.
LEVI stock investors should be aware that Levi Strauss & Co. (LEVI) stock had its last reported insider trading activity 92 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 12.96. The stock’s beta is 1.19. Besides these, the trailing price-to-sales (P/S) ratio of 0.91, the price-to-book (PB) ratio of 2.89.
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 16.58%, the RSI 9-day stood at 46.61% on 30 August.
With respect to its five-day moving average, the current Levi Strauss & Co. price is up by +1.29% percent or $0.18. At present, LEVI shares trade -4.34% below its 20-day simple moving average and -6.87% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.43% below its SMA50 and -8.68% below its SMA200.
Stochastic coefficient K was 29.96% and Stochastic coefficient D was 26.80%, while ATR was 0.35. Given the Stochastic reading of 31.46% for the 14-day period, the RSI (14) reading has been calculated as 46.86%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at -0.06.
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.
