Its Stock Has Paid Off Big Time For Levi Strauss & Co.

Levi Strauss & Co. (NYSE: LEVI) stock jumped 0.46% on Thursday to $13.19 against a previous-day closing price of $13.13. With 2.01 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.53 million shares. The 52-week range on LEVI shows that it touched its highest point at $20.49 and its lowest point at $12.84 during that stretch. It currently has a 1-year price target of $18.55. With its current market cap of 5.39 billion, LEVI has annualized dividend of $0.48 while the current yield stands at 3.64%. Beta for the stock currently stands at 1.17.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LEVI was down-trending over the past week, with a drop of -1.42%, but this was down by -7.24% over a month. Three-month performance dropped to -25.01% while six-month performance fell -18.23%. The stock lost -19.47% in the past year, while it has lost -15.01% so far this year. A look at the trailing 12-month EPS for LEVI yields 1.22 with Next year EPS estimates of 1.47. For the next quarter, that number is 0.04. This implies an EPS growth rate of 4.30% for this year and 12.52% for next year. EPS is expected to grow by 3.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.00%.

Float and Shares Shorts:

At present, 395.96 million LEVI shares are outstanding with a float of 93.89 million shares on hand for trading. On May 14, 2023, short shares totaled 9.04 million, which was 2.28% higher than short shares on Apr 13, 2023. In addition to Mr. Charles Victor Bergh as the firm’s Pres, CEO & Director, Mr. Harmit J. Singh serves as its Chief Financial & Growth Officer.

Institutional Ownership:

Through their ownership of 81.08% of LEVI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 8.47% of LEVI, in contrast to 49.29% held by mutual funds. Shares owned by individuals account for 32.79%. As the largest shareholder in LEVI with 8.11% of the stake, The Vanguard Group, Inc. holds 7,827,908 shares worth 7,827,908. A second-largest stockholder of LEVI, Wellington Management Co. LLP, holds 7,728,545 shares, controlling over 8.01% of the firm’s shares. Macquarie Investment Management B is the third largest shareholder in LEVI, holding 5,989,518 shares or 6.21% stake. With a 5.31% stake in LEVI, the Vanguard Explorer Fund is the largest stakeholder. A total of 5,121,583 shares are owned by the mutual fund manager. The American Funds Small Cap World Fu, which owns about 4.45% of LEVI stock, is the second-largest Mutual Fund holder. It holds 4,295,300 shares valued at 62.11 million. Delaware Ivy Mid Cap Growth Fund holds 3.94% of the stake in LEVI, owning 3,799,049 shares worth 54.93 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Feb 25, 2023, LEVI reported revenue of $1.47B and operating income of $76.17M. The EBITDA in the recently reported quarter was $119.80M and diluted EPS was $0.12.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LEVI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LEVI analysts setting a high price target of $24.00 and a low target of $15.00, the average target price over the next 12 months is $18.36. Based on these targets, LEVI could surge 81.96% to reach the target high and rise by 13.72% to reach the target low. Reaching the average price target will result in a growth of 39.2% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded LEVI stock several times over the past three months with 2 Buys and 1 Sells. In these transactions, 1,493,061 shares were bought while 15,083 shares were sold. The number of buy transactions has increased to 61 while that of sell transactions has risen to 32 over the past year. The total number of shares bought during that period was 2,830,966 while 297,278 shares were sold.

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