Technical Outlook And Game Plan For Levi Strauss & Co. (NYSE: LEVI)

Levi Strauss & Co. (LEVI) concluded trading on Wednesday at a closing price of $19.00, with 1.8 million shares of worth about $34.25 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.85% during that period and on Wednesday the price saw a loss of about -0.42%. Currently the company’s common shares owned by public are about 102.10M shares, out of which, 90.09M shares are available for trading.

Stock saw a price change of -17.82% in past 5 days and over the past one month there was a price change of -21.36%. Year-to-date (YTD), LEVI shares are showing a performance of 14.87% which increased to 31.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.41 but also hit the highest price of $24.34 during that period. The average intraday trading volume for Levi Strauss & Co. shares is 3.03 million. The stock is currently trading -15.94% below its 20-day simple moving average (SMA20), while that difference is down -14.98% for SMA50 and it goes to 6.80% higher than SMA200.

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Levi Strauss & Co. (NYSE: LEVI) currently have 102.10M outstanding shares and institutions hold larger chunk of about 20.85% of that.

The stock has a current market capitalization of $7.55B and its 3Y-monthly beta is at 1.15. PE ratio of stock for trailing 12 months is 53.10, while it has posted earnings per share of $0.36 in the same period. Its PEG reads 3.85 and has Quick Ratio of 0.77 while making debt-to-equity ratio of 1.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LEVI, volatility over the week remained 3.26% while standing at 2.47% over the month.

Analysts are in expectations that Levi Strauss & Co. (LEVI) stock would likely to be making an EPS of 0.31 in the current quarter, while forecast for next quarter EPS is 0.52 and it is 1.44 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.28 which is 0.35 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.28 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 13.88% while it is estimated to increase by 14.93% in next year. EPS is likely to grow at an annualized rate of 13.80% for next 5-years, compared to annual growth of -3.14% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Telsey Advisory Group on June 21, 2024 offering an Outperform rating for the stock and assigned a target price range of between $24 and $26 to it. On April 04, 2024, Telsey Advisory Group Reiterated their recommendations, while on March 27, 2024, Telsey Advisory Group Reiterated their ratings for the stock with a price target of $22. Stock get an Outperform rating from Telsey Advisory Group on January 26, 2024.

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