Levi Strauss & Co. (NYSE: LEVI) stock jumped 2.96% on Monday to $15.64 against a previous-day closing price of $15.19. With 2.3 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.21 million shares. During the session, the Apparel Manufacturing company that operates in wider Consumer Cyclical sector, reached to the highest price of $15.71 whereas the lowest price it dropped to was $15.08. The 52-week range on LEVI shows that it touched its highest point at $19.35 and its lowest point at $12.41 during that stretch. It currently has a 1-year price target of $16.22. With its current market cap of 6.21 billion, LEVI has annualized dividend of $0.48 while the current yield stands at 3.04%. Beta for the stock currently stands at 1.18.
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 up-trending over the past week, with a rise of 9.75%, but this was up by 12.11% over a month. Three-month performance surged to 12.11% while six-month performance rose 18.31%. The stock gained 0.45% in the past year, while it has gained 0.77% so far this year. A look at the trailing 12-month EPS for LEVI yields 0.68 with Next year EPS estimates of 1.30. For the next quarter, that number is 0.43. This implies an EPS growth rate of -27.54% for this year and 19.40% for next year. EPS is expected to grow by 5.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.38%.
Float and Shares Shorts:
At present, 96.03 million LEVI shares are outstanding with a float of 87.66 million shares on hand for trading. On Oct 30, 2023, short shares totaled 11.8 million, which was 2.97% higher than short shares on Sep 28, 2023. In addition to Mr. Charles Victor Bergh as the firm’s President, CEO & Director, Mr. Harmit J. Singh serves as its Chief Financial & Growth Officer.
Through their ownership of 83.47% of LEVI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 8.11% of LEVI, in contrast to 51.85% held by mutual funds. Shares owned by individuals account for 29.77%. As the largest shareholder in LEVI with 8.62% of the stake, Wellington Management Co. LLP holds 8,626,322 shares worth 8,626,322. A second-largest stockholder of LEVI, The Vanguard Group, Inc., holds 8,185,899 shares, controlling over 8.18% of the firm’s shares. Macquarie Investment Management B is the third largest shareholder in LEVI, holding 6,266,484 shares or 6.26% stake. With a 5.75% stake in LEVI, the Vanguard Explorer Fund is the largest stakeholder. A total of 5,750,066 shares are owned by the mutual fund manager. The American Funds Small Cap World Fu, which owns about 5.62% of LEVI stock, is the second-largest Mutual Fund holder. It holds 5,625,378 shares valued at 76.9 million. Delaware Ivy Mid Cap Growth Fund holds 3.80% of the stake in LEVI, owning 3,799,049 shares worth 51.93 million.
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 $21.00 and a low target of $13.00, the average target price over the next 12 months is $16.22. Based on these targets, LEVI could surge 34.27% to reach the target high and fall by -16.88% to reach the target low. Reaching the average price target will result in a growth of 3.71% from current levels.
Summary of Insider Activity:
Insiders traded LEVI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 59 while that of sell transactions has risen to 29 over the past year. The total number of shares bought during that period was 2,832,578 while 399,288 shares were sold.