Levi Strauss & Co. (NYSE: LEVI) Up 16.19%: What Analysts Predict Now

Levi Strauss & Co. (NYSE:LEVI) shares, rose in value on Thursday, April 04, with the stock price up by 16.19% to the previous day’s close as strong demand from buyers drove the stock to $21.68.

Actively observing the price movement in the recent trading, the stock is buoying the session at $18.66. The value of beta (5-year monthly) is 1.21 whereas the PE ratio is 70.14 over 12-month period. Referring to stock’s 52-week performance, its high was $20.36, and the low was $12.41. On the whole, LEVI has fluctuated by 18.47% over the past month.

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With the market capitalization of Levi Strauss & Co. currently standing at about $8.63 billion, investors are eagerly awaiting this quarter’s results, scheduled for Jul 04, 2024 – Jul 08, 2024. The company’s Forward Dividend Ratio is 0.48, with its dividend yield at 2.21%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.11, which is expected to increase to $0.43 for fiscal year $1.21 and then to about $1.41 by fiscal year 2025. Data indicates that the EPS growth is expected to be 10.00% in 2025, while the next year’s EPS growth is forecast to be 16.50%.

Analysts have estimated the company’s revenue for the quarter at $1.45 billion, with a low estimate of $1.41 billion and a high estimate of $1.46 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $6.33 billion, representing an increase of 2.40% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that LEVI’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 13.23, with the price of LEVI currently trading nearly 15.69% and 21.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 71.52, while the 7-day volatility ratio is showing 3.62% which for the 30-day chart, stands at 2.46%. Furthermore, Levi Strauss & Co. (LEVI)’s beta value is 1.23, and its average true range (ATR) is 0.79.

A comparison of Levi Strauss & Co. (LEVI) with its peers suggests the former has fared considerably weaker in the market. LEVI showed an intraday change of 16.19% in today’s session so far, and over the past year, it grew by 19.39%%.

Data on historical trading for Levi Strauss & Co. (NYSE:LEVI) indicates that the trading volumes over the past 10 days have averaged 3.08 million and over the past 3 months, they’ve averaged 2.07 million. According to company’s latest data on outstanding shares, there are 102.10 million shares outstanding.

Nearly 78.12% of Levi Strauss & Co.’s shares belong to company insiders and institutional investors own 20.73% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.67 million shares as on Mar 15, 2024, resulting in a short ratio of 7.57. According to the data, the short interest in Levi Strauss & Co. (LEVI) stood at 2.68% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 11.72 million. The stock has risen by 31.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LEVI stock heading into the next quarter.