Levi Strauss & Co. (NYSE: LEVI) is 31.08% higher on its value in year-to-date trading and has touched a low of $12.41 and a high of $24.34 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 $21.80 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $21.68, the stock is 8.90% and 14.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.69 million and changing -0.55% at the moment leaves the stock 12.80% off its SMA200. LEVI registered 59.65% gain for a year compared to 6-month gain of 15.69%. The firm has a 50-day simple moving average (SMA 50) of $19.0168 and a 200-day simple moving average (SMA200) of $19.25105.
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The stock witnessed a 12.51% loss in the last 1 month and extending the period to 3 months gives it a 13.63%, and is 4.84% 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 2.41% over the week and 2.51% over the month.
Levi Strauss & Co. (LEVI) has around 19100 employees, a market worth around $8.62B and $6.16B in sales. Current P/E ratio is 60.59 and Fwd P/E is 15.01. Profit margin for the company is 2.34%. Distance from 52-week low is 74.63% and -10.93% from its 52-week high. The company has generated returns on investments over the last 12 months (3.69%).
with sales reaching $1.55B over the same period.The EPS is expected to grow by 14.03% this year, but quarterly earnings will post 2.30% year-over-year.
Levi Strauss & Co. (LEVI) Top Institutional Holders
324.0 institutions hold shares in Levi Strauss & Co. (LEVI), with institutional investors hold 94.48% of the company’s shares. The shares outstanding are 102.10M, and float is at 95.28M with Short Float at 6.20%. Institutions hold 86.35% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 8.74 million shares valued at $168.58 million. The investor’s holdings represent 2.1926% of the LEVI Shares outstanding. As of 2024-06-30, the second largest holder is MACQUARIE GROUP LTD with 7.66 million shares valued at $147.6 million to account for 1.9197 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 6.68 million shares representing 1.6741% and valued at over $128.72 million, while CAPITAL RESEARCH GLOBAL INVESTORS holds 1.6613 of the shares totaling 6.63 million with a market value of $127.74 million.
Levi Strauss & Co. (LEVI) Insider Activity
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Levi Strauss & Co. disclosed in a document filed with the SEC on Sep 16 ’24 that Friedman David A (Director) sold a total of 25,002 shares of the company’s common stock. The trade occurred on Sep 16 ’24 and was made at $20.00 per share for $0.5 million. Following the transaction, the insider now directly holds 0.23 million shares of the LEVI stock.
Still, SEC filings show that on Sep 16 ’24, Friedman David A (Director) Proposed Sale 43,752 shares at an average price of $20.00 for $0.88 million. The insider now directly holds shares of Levi Strauss & Co. (LEVI).
