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Levi Strauss & Co. (LEVI) Stock Could Soon Reward Patient Investors

Levi Strauss & Co. (NYSE: LEVI) is 22.73% higher on its value in year-to-date trading and has touched a low of $12.41 and a high of $20.02 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LEVI stock was last observed hovering at around $19.99 in the last trading session, with the day’s gains setting it 0.31%.

Currently trading at $20.30, the stock is 9.15% and 14.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.94 million and changing 1.55% at the moment leaves the stock 32.43% off its SMA200. LEVI registered 13.79% gain for a year compared to 6-month gain of 53.32%. The firm has a 50-day simple moving average (SMA 50) of $1.58 and a 200-day simple moving average (SMA200) of $20.44.

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The stock witnessed a 11.72% loss in the last 1 month and extending the period to 3 months gives it a 21.48%, and is 8.79% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.58% over the week and 2.24% over the month.

Levi Strauss & Co. (LEVI) has around 19100 employees, a market worth around $8.08B and $6.18B in sales. Current P/E ratio is 32.63 and Fwd P/E is 14.39. Profit margin for the company is 4.04%. Distance from 52-week low is 63.51% and 1.40% from its 52-week high. The company has generated returns on investments over the last 12 months (6.29%).

Levi Strauss & Co. quarterly earnings per share for the current quarter are estimated at $0.21 with sales reaching $1.55B over the same period.The EPS is expected to grow by 11.02% this year, but quarterly earnings will post 2.40% year-over-year.

Levi Strauss & Co. (LEVI) Top Institutional Holders

293 institutions hold shares in Levi Strauss & Co. (LEVI), with institutional investors hold 90.87% of the company’s shares. The shares outstanding are 102.10M, and float is at 87.07M with Short Float at 12.26%. Institutions hold 82.99% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 8.2 million shares valued at $118.38 million. The investor’s holdings represent 8.20% of the LEVI Shares outstanding. As of Jun 29, 2023, the second largest holder is Wellington Management Group, LLP with 8.02 million shares valued at $115.66 million to account for 8.01% of the shares outstanding. The other top investors are Macquarie Group Limited which holds 6.14 million shares representing 6.14% and valued at over $88.6 million, while FMR, LLC holds 5.81% of the shares totaling 5.81 million with a market value of $83.81 million.

Levi Strauss & Co. (LEVI) Insider Activity

The most recent transaction is an insider sale by Friedman David A,the company’sDirector. SEC filings show that Friedman David A sold 10,422 shares of the company’s common stock on Apr 01 ’24 at a price of $20.00 per share for a total of $0.21 million. Following the sale, the insider now owns 0.17 million shares.

Levi Strauss & Co. disclosed in a document filed with the SEC on Mar 28 ’24 that Friedman David A (Director) sold a total of 35,415 shares of the company’s common stock. The trade occurred on Mar 28 ’24 and was made at $20.00 per share for $0.71 million. Following the transaction, the insider now directly holds 0.18 million shares of the LEVI stock.

Still, SEC filings show that on Mar 28 ’24, Haas Bradley J. (10% Owner) disposed off 23,041 shares at an average price of $20.01 for $0.46 million. The insider now directly holds 0 shares of Levi Strauss & Co. (LEVI).

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