Levi Strauss & Co. [LEVI] Stock trading around $17.58 per share: What’s Next?

Levi Strauss & Co. [NYSE: LEVI] surged by $0.91 during the normal trading session on Tuesday and reaching a high of $17.64 during the day while it closed the day at $17.58. The company report on March 23, 2023 that Levi Strauss & Co. to Webcast First Quarter 2023 Earnings Conference Call.

Levi Strauss & Co. (NYSE: LEVI) will host a conference call to discuss the company’s financial results for the first quarter ended February 26, 2023. The call will be held on Thursday, April 6, 2023 at 2 p.m. Pacific Time / 5 p.m. Eastern Time, and will be hosted by Chip Bergh, president and chief executive officer, and Harmit Singh, chief financial and growth officer.

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To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details.

Levi Strauss & Co. stock has also gained 5.97% of its value over the past 7 days. However, LEVI stock has inclined by 13.57% in the 3 months of the year. Over the past six months meanwhile, it has gained 9.67% and gained 13.27% year-on date.

The market cap for LEVI stock reached $6.85 billion, with 395.07 million shares outstanding and 95.42 million shares in the current float. Compared to the average trading volume of 2.05M shares, LEVI reached a trading volume of 3995617 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Levi Strauss & Co. [LEVI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LEVI shares is $19.58 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LEVI stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Levi Strauss & Co. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 23, 2023. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $19 to $17. The new note on the price target was released on January 18, 2023, representing the official price target for Levi Strauss & Co. stock. Previously, the target price had yet another drop from $19 to $17, while Citigroup kept a Neutral rating on LEVI stock.

The Average True Range (ATR) for Levi Strauss & Co. is set at 0.53, with the Price to Sales ratio for LEVI stock in the period of the last 12 months amounting to 1.11. The Price to Book ratio for the last quarter was 3.65, with the Price to Cash per share for the same quarter was set at 1.28.

LEVI stock trade performance evaluation

Levi Strauss & Co. [LEVI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.97. With this latest performance, LEVI shares dropped by -0.17% in over the last four-week period, additionally plugging by 9.67% over the last 6 months – not to mention a drop of -13.06% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LEVI stock in for the last two-week period is set at 59.82, with the RSI for the last a single of trading hit 67.29, and the three-weeks RSI is set at 56.31 for Levi Strauss & Co. [LEVI]. The present Moving Average for the last 50 days of trading for this stock 17.24, while it was recorded at 16.66 for the last single week of trading, and 16.84 for the last 200 days.

Levi Strauss & Co. [LEVI]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Levi Strauss & Co. [LEVI] shares currently have an operating margin of +10.88 and a Gross Margin at +57.24. Levi Strauss & Co.’s Net Margin is presently recorded at +9.22.

Return on Total Capital for LEVI is now 16.99, given the latest momentum, and Return on Invested Capital for the company is 15.37. Return on Equity for this stock inclined to 31.89, with Return on Assets sitting at 9.53. When it comes to the capital structure of this company, Levi Strauss & Co. [LEVI] has a Total Debt to Total Equity ratio set at 109.84. Additionally, LEVI Total Debt to Total Capital is recorded at 52.34, with Total Debt to Total Assets ending up at 34.63. Long-Term Debt to Equity for the company is recorded at 96.84, with the Long-Term Debt to Total Capital now at 46.15.

Reflecting on the efficiency of the workforce at the company, Levi Strauss & Co. [LEVI] managed to generate an average of $31,617 per employee. Receivables Turnover for the company is 8.79 with a Total Asset Turnover recorded at a value of 1.03.Levi Strauss & Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.40.

Earnings per share (EPS) analysis for Levi Strauss & Co. [LEVI] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LEVI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Levi Strauss & Co. go to 6.30%.

Levi Strauss & Co. [LEVI]: Insider Ownership positions

There are presently around $1,236 million, or 82.50% of LEVI stock, in the hands of institutional investors. The top three institutional holders of LEVI stocks are: VANGUARD GROUP INC with ownership of 7,854,157, which is approximately 0.068% of the company’s market cap and around 1.30% of the total institutional ownership; WELLINGTON MANAGEMENT GROUP LLP, holding 7,831,876 shares of the stock with an approximate value of $130.56 million in LEVI stocks shares; and MACQUARIE GROUP LTD, currently with $89.4 million in LEVI stock with ownership of nearly 3.079% of the company’s market capitalization.

Positions in Levi Strauss & Co. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 105 institutional holders increased their position in Levi Strauss & Co. [NYSE:LEVI] by around 9,569,822 shares. Additionally, 109 investors decreased positions by around 9,600,859 shares, while 45 investors held positions by with 54,972,008 shares. The mentioned changes placed institutional holdings at 74,142,689 shares, according to the latest SEC report filing. LEVI stock had 43 new institutional investments in for a total of 2,117,723 shares, while 36 institutional investors sold positions of 2,089,773 shares during the same period.


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