Reviewing The Case For Levi Strauss & Co. (LEVI) Going Higher

Currently, there are 102.10M common shares owned by the public and among those 87.07M shares have been available to trade.

The company’s stock has a 5-day price change of 0.54% and 13.30% over the past three months. LEVI shares are trading 13.30% year to date (YTD), with the 12-month market performance up to 4.17% higher. It has a 12-month low price of $12.41 and touched a high of $20.36 over the same period. LEVI has an average intraday trading volume of 1.88 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.20%, 5.39%, and 22.04% respectively.

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Institutional ownership of Levi Strauss & Co. (NYSE: LEVI) shares accounts for 20.72% of the company’s 102.10M shares outstanding.

It has a market capitalization of $7.46B and a beta (3y monthly) value of 1.23. The stock’s trailing 12-month PE ratio is 30.12, while the earnings-per-share (ttm) stands at $0.62. The company has a PEG of 5.68 and a Quick Ratio of 0.75 with the debt-to-equity ratio at 1.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.22% over the week and 2.36% over the month.

Earnings per share for the fiscal year are expected to increase by 11.02%, and 15.47% over the next financial year. EPS should grow at an annualized rate of 5.30% over the next five years, compared to -3.14% over the past 5-year period.

Looking at the support for the LEVI, a number of firms have released research notes about the stock. Telsey Advisory Group stated their Outperform rating for the stock in a research note on March 27, 2024, with the firm’s price target at $18-$22. Telsey Advisory Group coverage for the Levi Strauss & Co. (LEVI) stock in a research note released on January 26, 2024 offered a Outperform rating with a price target of $18. Wells Fargo was of a view on January 16, 2024 that the stock is Equal Weight, while TD Cowen gave the stock Outperform rating on September 27, 2023, issuing a price target of $16. JP Morgan on their part issued Neutral rating on January 23, 2023.

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