The stock of Levi Strauss & Co. (LEVI) has gone up by 8.01% for the week, with a 12.16% rise in the past month and a 34.47% rise in the past quarter. The volatility ratio for the week is 3.01%, and the volatility levels for the past 30 days are 3.16% for LEVI.. The simple moving average for the past 20 days is 7.37% for LEVI’s stock, with a 35.34% simple moving average for the past 200 days.
Is It Worth Investing in Levi Strauss & Co. (NYSE: LEVI) Right Now?
Levi Strauss & Co. (NYSE: LEVI) has a price-to-earnings ratio of 68.91x that is above its average ratio. Additionally, the 36-month beta value for LEVI is 1.19. 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 87.78M and currently, short sellers hold a 12.07% ratio of that float. The average trading volume of LEVI on April 23, 2024 was 2.82M shares.
LEVI) stock’s latest price update
Levi Strauss & Co. (NYSE: LEVI)’s stock price has soared by 3.65 in relation to previous closing price of 20.55. Nevertheless, the company has seen a gain of 8.01% in its stock price over the last five trading days. PYMNTS reported 2024-04-22 that Levi Strauss has found that selling through its own stores gives it greater insights into consumer trends.
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 $24 based on the research report published on April 04, 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 $22, previously predicting the price at $18. The rating they have provided for LEVI stocks is “Outperform” according to the report published on March 27th, 2024.
Telsey Advisory Group gave a rating of “Outperform” to LEVI, setting the target price at $18 in the report published on January 26th of the current year.
LEVI Trading at 12.99% 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 unable to rebound, for now settling with -4.87% of loss for the given period.
Volatility was left at 3.16%, however, over the last 30 days, the volatility rate increased by 3.01%, as shares surge +14.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.46% upper at present.
During the last 5 trading sessions, LEVI rose by +8.01%, which changed the moving average for the period of 200-days by +49.68% in comparison to the 20-day moving average, which settled at $19.97. In addition, Levi Strauss & Co. saw 28.78% 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 Haas Bradley J., who sale 14,015 shares at the price of $22.05 back on Apr 04 ’24. After this action, Haas Bradley J. now owns 0 shares of Levi Strauss & Co., valued at $309,081 using the latest closing price.
Haas Bradley J., the 10% Owner of Levi Strauss & Co., sale 26,959 shares at $20.14 during a trade that took place back on Apr 01 ’24, which means that Haas Bradley J. is holding 0 shares at $542,871 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
- 0.58 for the gross margin
The net margin for Levi Strauss & Co. stands at 0.02. The total capital return value is set at 0.07. Equity return is now at value 6.30, with 2.10 for asset returns.
Based on Levi Strauss & Co. (LEVI), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.7. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 71.17.
Currently, EBITDA for the company is 353.3 million with net debt to EBITDA at 3.34. When we switch over and look at the enterprise to sales, we see a ratio of 1.68. The receivables turnover for the company is 9.14for trailing twelve months and the total asset turnover is 1.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.43.
Conclusion
In conclusion, Levi Strauss & Co. (LEVI) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
