Levi Strauss & Co. (NYSE:LEVI) has a beta value of 0 and has seen 2,115,787 shares traded in the last trading session. The company, currently valued at $12.2 Billion, closed the last trade at $30.48 per share which meant it gained $1.62 on the day or 5.61% during that session. The LEVI stock price is 0% off its 52-week high price of $30.48 and 63.48% above the 52-week low of $11.13. If we look at the company’s 10-day average daily trading volume, we find that it stood at 655.65 Million shares traded. The 3-month trading volume is 1.39 Million shares.
The consensus among analysts is that Levi Strauss & Co. (LEVI) is a Buy stock at the moment, with a recommendation rating of 1.7. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 9 have rated it as a Hold, with 9 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.07.
Levi Strauss & Co. (NYSE:LEVI) trade information
Wall Street analysts have a consensus price target for the stock at $30.67, which means that the shares’ value could jump 0.62% from current levels. The projected low price target is $28 while the price target rests at a high of $34. In that case, then, we find that the current price level is +11.55% off the targeted high while a plunge would see the stock lose -8.14% from current levels.
Levi Strauss & Co. (LEVI) estimates and forecasts
Figures show that Levi Strauss & Co. shares have outperformed across the wider relevant industry. The company’s shares have gained +88.03% over the past 6 months, with this year growth rate of 428.57%, compared to 6.8% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 114.6% and 337.5% for the next quarter. Revenue growth from the last financial year stood is estimated to be +24.1%.
5 analysts offering their estimates for the company have set an average revenue estimate of $1.19 Billion for the current quarter. 5 have an estimated revenue figure of $1.42 Billion for the next quarter concluding in August 01, 2021. Year-ago sales stood $485.5 Million for this quarter, and analysts expect sales will grow by 145.9% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -21% over the past 5 years. Earnings growth for 2021 is a modest -133.1% while over the next 5 years, the company’s earnings are expected to increase by -3%.
Levi Strauss & Co. is expected to release its next earnings report between July 05 and July 09 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.24 at a share yield of 0.83%.
Levi Strauss & Co. (NYSE:LEVI)’s Major holders
Insiders own 8.72% of the company shares, while shares held by institutions stand at 85.82% with a share float percentage of 94.01%. Investors are also buoyed by the number of investors in a company, with Levi Strauss & Co. having a total of 258 institutions that hold shares in the company. The top two institutional holders are Wellington Management Group, LLP with over 6.98 Million shares worth more than $140.25 Million. As of December 30, 2020, Wellington Management Group, LLP held 8.39% of shares outstanding.
The other major institutional holder is Putnam Investments LLC, with the holding of over 6.09 Million shares as of December 30, 2020. The firm’s total holdings are worth over $122.33 Million and represent 7.32% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Putnam Sustainable Leaders Fund and Vanguard Explorer Fund Inc. As of December 30, 2020, the former fund manager holds about 5.02% shares in the company for having 4182742 shares of worth $83.99 Million while later fund manager owns 3.86 Million shares of worth $75.99 Million as of January 30, 2021, which makes it owner of about 4.63% of company’s outstanding stock.