Levi Strauss & Co. (NYSE: LEVI) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Michelle Gass Assumes Role of Levi Strauss & Co. President & Chief Executive Officer.

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Stocks Info

Levi Strauss & Co. is listed on the NYSE in the Consumer Cyclical sector while operating in the Apparel Manufacturing industry. The current market capitalization of Levi Strauss & Co. is $6.45B. A total of 2.51 million shares were traded on the day, compared to an average of 1.89M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, LEVI has seen 4 BUY and 1 SELL insider trades, representing the acquisition of 506 and the disposition of 38,975 shares. Over the last 12 months, there were 38 BUYs and 4 SELLs from insiders. Insiders purchased 1,534,275 shares during that period but sold 189,584.

In the most recent transaction, O’Neill Elizabeth T sold 38,975 shares of LEVI for 17.00 per share on Dec 26. After the transaction, the EVP & Chief Operations Officer now owns 58,224 company shares. In a previous transaction on Nov 14, O’Neill Elizabeth T sold 17,106 shares at 15.00 per share. LEVI shares that EVP & Chief Operations Officer owns now total 97,199.

Among the insiders who sold shares, JAFFE SETH disposed of 2,938 shares on May 31 at a per-share price of $13.45. This resulted in the EVP & Chief Legal Officer holding 173,732 shares of LEVI after the transaction.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Levi Strauss & Co. pays an annual dividend of $0.57, resulting in a dividend yield of 3.52%, and it has a price to earnings (P/E) ratio of 26.07. LEVI’s most recent ex-dividend date was 2/6/2024 when it declared a $0.12 quarterly dividend that was paid in cash on 2/23/2024. Previously, the company paid the dividend on 11/9/2023 with an ex-dividend date of 10/25/2023. The LEVI stock dividend was $0.12 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for LEVI in the last 3 months, the mean price target is $17.26 with high estimates of $23.00 and low estimates of $14.00. In terms of 52-week highs and lows, LEVI has a high of $19.35 and a low of $12.41.

As of this writing, LEVI has an earnings estimate of $0.21 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.29 per share and a lower estimate of $0.19. The company reported an EPS of $0.28 in the last quarter, which was 3.70% higher than expectations of $0.27.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. LEVI’s latest balance sheet shows that the firm has $901.80M 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 $5.15, while its Total Shareholder’s Equity was $1.67B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 3.91.

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