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Levi Strauss & Co (LEVI) Is Now En Route to Higher Prices

Levi Strauss & Co (NYSE: LEVI) is -2.18% lower on its value in year-to-date trading and has touched a low of $14.70 and a high of $24.34 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LEVI stock was last observed hovering at around $16.57 in the last trading session, with the day’s loss setting it -0.39%.

Currently trading at $16.18, the stock is -5.66% and -13.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.5 million and changing -2.35% at the moment leaves the stock -17.38% off its SMA200. LEVI registered 7.51% gain for a year compared to 6-month loss of -25.92%. The firm has a 50-day simple moving average (SMA 50) of $18.798 and a 200-day simple moving average (SMA200) of $19.58315.

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The stock witnessed a -13.29% gain in the last 1 month and extending the period to 3 months gives it a -14.75%, and is -4.66% down 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 2.14% over the week and 2.17% over the month.

Levi Strauss & Co (LEVI) has around 19100 employees, a market worth around $6.35B and $6.16B in sales. Current P/E ratio is 41.99 and Fwd P/E is 11.55. Profit margin for the company is 2.51%. Distance from 52-week low is 10.03% and -33.53% from its 52-week high. The company has generated returns on investments over the last 12 months (4.01%).

with sales reaching $1.73B over the same period.The EPS is expected to grow by 11.75% this year, but quarterly earnings will post 1.01% year-over-year. Quarterly sales are estimated to grow 5.24% in year-over-year returns.

Levi Strauss & Co (LEVI) Top Institutional Holders

342.0 institutions hold shares in Levi Strauss & Co (LEVI), with institutional investors hold 97.96% of the company’s shares. The shares outstanding are 102.10M, and float is at 94.96M with Short Float at 5.30%. Institutions hold 89.42% 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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Still, SEC filings show that on Oct 01 ’24, Friedman David A (Director) disposed off 12,500 shares at an average price of $21.75 for $0.27 million. The insider now directly holds 216,676 shares of Levi Strauss & Co (LEVI).

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