Levi Strauss & Co. (NYSE:LEVI) traded at $20.55 at close of the session on Friday, April 05, made a downward move of -2.00% on its previous day’s price.
Looking at the stock we see that its previous close was $20.97 . The company has a trailing 12-month PE ratio of 66.48. In terms of its 52-week price range, LEVI has a high of $22.39 and a low of $12.41. The company’s stock has gained about 12.36% over that past 30 days.
Levi Strauss & Co. has a market cap of $8.18 billion. With its Forward Dividend at 0.48 and a yield of 2.34%, the company’s investors could be anxious for the LEVI stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.11, with the EPS growth for the year raised at $1.27 for 2024 and $1.46 for next year. These figures represent 15.50% and 15.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.45 billion, with a low of $1.44 billion and a high of $1.46 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $6.35 billion, or 2.80% up from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the LEVI stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the LEVI stock currently stands at 4.82, and the current price level is 8.88% off its SMA20 and 14.13% from its 50-day simple moving average. The RSI (14) is pointing at 63.92 while the volatility over the past week is 4.41% and jumps to 2.79% over the past one month. The beta value is 1.21, while the average true range (ATR) is currently pointing at 0.77.
Coming back to Levi Strauss & Co. (NYSE:LEVI), we note that the average 3-month trading volume was 2.50 million, while that of the preceding 10-day period stands at 6.29 million. Current shares outstanding are 102.10 million.
The insiders hold 78.12% of the company’s shares while institutions hold 20.68%. The data shows that short shares as of Mar 15, 2024, stood at 10.67 million at a short ratio of 7.57. This represents a 2.68% short interest in shares outstanding on Mar 15, 2024. Shares short fall in March from the previous month at 11.72 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 24.24% up in year-to-date price movement.
