Levi Strauss & Co. [LEVI] stock Downgrade by Wells Fargo analyst, price target now $18

Levi Strauss & Co. [NYSE: LEVI] jumped around 0.03 points on Thursday, while shares priced at $15.75 at the close of the session, up 0.19%. The company report on January 25, 2024 at 4:10 PM that Levi Strauss & Co. Reports Fourth-Quarter and Fiscal Year 2023 Financial Results.

Q4 Net Revenues Up 3% Reflecting Growth in the U.S. and Global DTC Up 11%Gross Margin of 57.8% Up 200 Basis Points Over Prior Year Driven by Lower Product CostsQ4 Diluted EPS of $0.32 and Adj Diluted EPS of $0.44 Up 29% to Prior YearInventory Down 17% on a Comparable Basis, Strong Cash Flow Expected to ContinueAnnounces Details on Global Productivity InitiativeProvides Fiscal Year 2024 Guidance.

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Levi Strauss & Co. (NYSE: LEVI) today announced financial results for the fourth quarter and fiscal year ended November 26, 2023.

Compared to the average trading volume of 1.75M shares, LEVI reached a trading volume of 3591752 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $17.53 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 2.00. 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.

Wells Fargo have made an estimate for Levi Strauss & Co. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on January 16, 2024.

The Average True Range (ATR) for Levi Strauss & Co. is set at 0.45, with the Price to Sales ratio for LEVI stock in the period of the last 12 months amounting to 1.02. The Price to Book ratio for the last quarter was 3.22, with the Price to Cash per share for the same quarter was set at 0.74.

How has LEVI stock performed recently?

Levi Strauss & Co. [LEVI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.55. With this latest performance, LEVI shares dropped by -4.14% in over the last four-week period, additionally plugging by 6.78% over the last 6 months – not to mention a drop of -5.80% 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 49.43, with the RSI for the last a single of trading hit 47.99, and the three-weeks RSI is set at 50.96 for Levi Strauss & Co. [LEVI]. The present Moving Average for the last 50 days of trading for this stock 15.67, while it was recorded at 15.73 for the last single week of trading, and 14.47 for the last 200 days.

Levi Strauss & Co. [LEVI]: Deeper insight into the fundamentals

Levi Strauss & Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.66 and a Current Ratio set at 1.42.

Earnings analysis for Levi Strauss & Co. [LEVI]

With the latest financial reports released by the company, Levi Strauss & Co. posted 0.34/share EPS, while the average EPS was predicted by analysts to be reported at 0.29/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 17.20%. 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 5.30%.

Insider trade positions for Levi Strauss & Co. [LEVI]

The top three institutional holders of LEVI stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in LEVI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in LEVI stock with ownership which is approximately 5.8325%.