The stock of Levi Strauss & Co. (LEVI) has seen a 8.79% increase in the past week, with a 11.72% gain in the past month, and a 21.48% flourish in the past quarter. The volatility ratio for the week is 2.58%, and the volatility levels for the past 30 days are at 2.24% for LEVI. The simple moving average for the past 20 days is 9.15% for LEVI’s stock, with a 32.43% simple moving average for the past 200 days.
Is It Worth Investing in Levi Strauss & Co. (NYSE: LEVI) Right Now?
The price-to-earnings ratio for Levi Strauss & Co. (NYSE: LEVI) is above average at 32.63x. The 36-month beta value for LEVI is also noteworthy at 1.21. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for LEVI is 87.07M, and at present, short sellers hold a 12.26% of that float. The average trading volume of LEVI on April 02, 2024 was 1.85M shares.
LEVI) stock’s latest price update
Levi Strauss & Co. (NYSE: LEVI)’s stock price has soared by 1.55 in relation to previous closing price of 19.99. Nevertheless, the company has seen a gain of 8.79% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-27 that Levi Strauss & Co. (LEVI) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Analysts’ Opinion of LEVI
Many brokerage firms have already submitted their reports for LEVI stocks, with Telsey Advisory Group repeating the rating for LEVI by listing it as a “Outperform.” The predicted price for LEVI in the upcoming period, according to Telsey Advisory Group is $22 based on the research report published on March 27, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see LEVI reach a price target of $18, previously predicting the price at $16. The rating they have provided for LEVI stocks is “Outperform” according to the report published on January 26th, 2024.
Wells Fargo gave a rating of “Equal Weight” to LEVI, setting the target price at $18 in the report published on January 16th of the current year.
LEVI Trading at 14.78% from the 50-Day Moving Average
After a stumble in the market that brought LEVI to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 1.40% of gains for the given period.
Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 2.58%, as shares surge +11.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.88% upper at present.
During the last 5 trading sessions, LEVI rose by +8.79%, which changed the moving average for the period of 200-days by +36.79% in comparison to the 20-day moving average, which settled at $18.70. In addition, Levi Strauss & Co. saw 22.73% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LEVI starting from Friedman David A, who sale 10,422 shares at the price of $20.00 back on Apr 01 ’24. After this action, Friedman David A now owns 169,008 shares of Levi Strauss & Co., valued at $208,470 using the latest closing price.
Friedman David A, the Director of Levi Strauss & Co., sale 35,415 shares at $20.00 during a trade that took place back on Mar 28 ’24, which means that Friedman David A is holding 179,430 shares at $708,449 based on the most recent closing price.
Stock Fundamentals for LEVI
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.57 for the gross margin
The net margin for Levi Strauss & Co. stands at 0.04. The total capital return value is set at 0.07. Equity return is now at value 12.63, with 4.13 for asset returns.
Based on Levi Strauss & Co. (LEVI), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 1.07. The interest coverage ratio of the stock is 12.43.
Currently, EBITDA for the company is 353.3 million with net debt to EBITDA at 3.51. When we switch over and look at the enterprise to sales, we see a ratio of 1.6. The receivables turnover for the company is 8.21for trailing twelve months and the total asset turnover is 1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
Conclusion
In summary, Levi Strauss & Co. (LEVI) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
