In the past week, LEVI stock has gone down by -1.72%, with a monthly decline of -1.45% and a quarterly surge of 20.64%. The volatility ratio for the week is 1.66%, and the volatility levels for the last 30 days are 2.31% for Levi Strauss & Co. The simple moving average for the last 20 days is -1.04% for LEVI’s stock, with a simple moving average of 31.09% for the last 200 days.
Is It Worth Investing in Levi Strauss & Co. (NYSE: LEVI) Right Now?
Levi Strauss & Co. (NYSE: LEVI) has a higher price-to-earnings ratio of 70.33x compared to its average ratio. LEVI has 36-month beta value of 1.16. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for LEVI is 88.56M, and currently, short sellers hold a 11.73% ratio of that float. The average trading volume of LEVI on May 23, 2024 was 2.65M shares.
LEVI) stock’s latest price update
Levi Strauss & Co. (NYSE: LEVI)’s stock price has gone decline by -0.96 in comparison to its previous close of 21.95, however, the company has experienced a -1.72% decrease in its stock price over the last five trading days. zacks.com reported 2024-05-22 that We have narrowed our search to five retail – apparel and shoe industry stocks that have strong potential for 2024. These are: GOOS, LEVI, GPS, ANF, JILL.
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 5.74% 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 -5.48% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 1.66%, as shares surge +0.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.26% upper at present.
During the last 5 trading sessions, LEVI fell by -1.72%, which changed the moving average for the period of 200-days by +50.45% in comparison to the 20-day moving average, which settled at $21.98. In addition, Levi Strauss & Co. saw 31.44% 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 Peter E. Haas Jr. Family Fund, who sale 56,743 shares at the price of $21.96 back on May 17 ’24. After this action, Peter E. Haas Jr. Family Fund now owns 0 shares of Levi Strauss & Co., valued at $1,246,258 using the latest closing price.
Peter E. Haas Jr. Family Fund, the 10% Owner of Levi Strauss & Co., sale 140,839 shares at $22.17 during a trade that took place back on May 16 ’24, which means that Peter E. Haas Jr. Family Fund is holding 0 shares at $3,122,330 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 1.7. 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
To put it simply, Levi Strauss & Co. (LEVI) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
