Telsey Advisory Group raised the price target for the Levi Strauss & Co. (NYSE:LEVI) stock to “an Outperform”. The rating was released on Apr-05-24, according to finviz. We previously noted in another research note published on March 27, 2024 by Telsey Advisory Group that reiterated the stock to an Outperform with a price target of $22 for LEVI stock. The research report from Telsey Advisory Group has reiterated the stock to Outperform, with a price target set at $18. The stock was downgraded by Wells Fargo, who disclosed in a research note on January 16, 2024, from Overweight to Equal Weight and set the price objective to $18. In their research brief published September 27, 2023, TD Cowen analysts initiated the Levi Strauss & Co. stock to Outperform with a price target of $16.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 8.26% within the last five trades and 14.59% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 58.86% in the last 6 months and 34.51% was added to its value over the previous 3 months. LEVI stock is trading at a margin of 11.90%, 17.14% and 36.23% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, LEVI deals in the Consumer Cyclical domain. The stock is trading 3.01 percent below its 52-week high and 68.91 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 55.67. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Levi Strauss & Co.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 8.37 percent and the profit margin is 2.05 percent, and the company has reported a gross margin of 57.54 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $8.35 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Levi Strauss & Co. (NYSE:LEVI) is 67.84. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 14.37. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.38 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 4.22, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 78.12 percent of Levi Strauss & Co. shares are owned by insiders, and 20.72 percent are held by financial institutions. Haas Bradley J., the 10% Owner at Levi Strauss & Co. (LEVI) has sold 26,959 shares of firm on Apr 01 ’24 at a price of $20.14 against the total amount of $0.54 million. In another inside trade, Friedman David A, Director of Levi Strauss & Co. (NYSE:LEVI) sold 10,422 shares of the firm on Apr 01 ’24 for a total worth of $0.21 million at a price of $20.00. An inside trade which took place on Mar 28 ’24, Director of Levi Strauss & Co. Friedman David A sold 35,415 shares of firm against total price of $0.71 million at the cost of $20.00 per share.
