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Thursday, June 8, 2023

Levi Strauss & Co. (LEVI): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Levi Strauss & Co. (LEVI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.08, or -0.56%, to $14.28. The Levi Strauss & Co. has recorded 104,360 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Levi Strauss & Co. Appoints Kenny Mitchell as Chief Marketing Officer of the Levi’s® Brand.

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Stocks Info

This NYSE-listed company operates within the Apparel Manufacturing industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $14.36 and fluctuated between $14.43 as its day high and $14.18 as its day low. The current market capitalization of Levi Strauss & Co. is $5.63B. A total of 1.79 million shares were traded on the day, compared to an average of 2.56M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, LEVI has seen 21 BUY and 1 SELL insider trades, representing the acquisition of 1,496,109 and the disposition of 15,083 shares. Over the last 12 months, there were 77 BUYs and 36 SELLs from insiders. Insiders purchased 6,373,241 shares during that period but sold 3,671,730.

In the most recent transaction, Stirling Lisa sold 5,017 shares of LEVI for 18.04 per share on Jan 31. After the transaction, the Global Controller now owns 28,485 company shares. In a previous transaction on Dec 30, JAFFE SETH sold 11,442 shares at 15.47 per share. LEVI shares that EVP & General Counsel owns now total 147,888.

Among the insiders who sold shares, JAFFE SETH disposed of 11,862 shares on Nov 30 at a per-share price of $16.17. This resulted in the EVP & General Counsel holding 148,299 shares of LEVI after the transaction. In another insider transaction, Ellison Seth M. sold 94 shares at $15.58 per share on Nov 25. Company shares held by the EVP & Chief Commercial Officer now total 89,946.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Levi Strauss & Co. pays an annual dividend of $0.48, resulting in a dividend yield of 3.34%, and it has a price to earnings (P/E) ratio of 11.82. LEVI’s most recent ex-dividend date was 5/3/2023 when it declared a $0.12 quarterly dividend that was paid in cash on 5/18/2023. Previously, the company paid the dividend on 2/23/2023 with an ex-dividend date of 2/7/2023. The LEVI stock dividend was $0.12 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for LEVI in the last 3 months, the mean price target is $18.42 with high estimates of $24.00 and low estimates of $15.00. In terms of 52-week highs and lows, LEVI has a high of $20.49 and a low of $13.57.

As of this writing, LEVI has an earnings estimate of $0.03 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.06 per share and a lower estimate of $0.02. The company reported an EPS of $0.34 in the last quarter, which was 17.20% higher than expectations of $0.29.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. LEVI’s latest balance sheet shows that the firm has $901.82M in Cash & Short Term Investments as of fiscal 2021. There were $2.24B in debt and $1.87B in liabilities at the time. Its Book Value Per Share was $4.97, while its Total Shareholder’s Equity was $1.67B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LEVI is Hold with a score of 4.09. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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