Analyst Expects Levi Strauss & Co. (NYSE: LEVI) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Earlier, Yahoo Finance discussed this stock as it revealed Levi Strauss & Co. to Webcast First Quarter 2024 Earnings Conference Call.

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Stocks Info

As a NYSE listed company, LEVI falls under the Consumer Cyclical sector while operating within the Apparel Manufacturing industry segment. The current market capitalization of Levi Strauss & Co. is $7.96B. A total of 2.59 million shares were traded on the day, compared to an average of 1.83M shares.

In the most recent transaction, Haas Bradley J. sold 23,041 shares of LEVI for 20.01 per share on Mar 28 ’24. After the transaction, the 10% Owner now owns 0 company shares. In a previous transaction on Feb 21 ’24, Haas Margaret E. sold 1,552 shares at 18.01 per share. LEVI shares that 10% Owner owns now total 0.

Among the insiders who sold shares, Haas Margaret E. disposed of 9,462 shares on Feb 20 ’24 at a per-share price of $18.01. This resulted in the 10% Owner holding 0 shares of LEVI after the transaction. In another insider transaction, Haas Margaret E. sold 467 shares at $18.00 per share on Feb 16 ’24. Company shares held by the 10% Owner now total 0.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Levi Strauss & Co. pays an annual dividend of $0.48, resulting in a dividend yield of 2.40%, and it has a price to earnings (P/E) ratio of 32.13. 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, LEVI has a high of $19.49 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 11 estimates, with a high estimate of $0.23 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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

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, 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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