An Analysis of Levi Strauss & Co. (LEVI)’s Potential Price Growth


Levi Strauss & Co.’s recently made public that its Global Controller Stirling Lisa unloaded Company’s shares for reported $90507.0 on Jan 31. In the deal valued at $18.04 per share,5,017 shares were sold. As a result of this transaction, Stirling Lisa now holds 28,485 shares worth roughly $ 0.49 million.

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Then, JAFFE SETH sold 11,442 shares, generating $177,008 in total proceeds. Upon selling the shares at $15.47, the EVP & General Counsel now owns 147,888 shares.

Before that, JAFFE SETH sold 11,862 shares. Levi Strauss & Co. shares valued at $191,809 were divested by the EVP & General Counsel at a price of $16.17 per share. As a result of the transaction, JAFFE SETH now holds 148,299 shares, worth roughly $2.55 million.

JP Morgan downgraded its Levi Strauss & Co. [LEVI] rating to a Neutral from a an Overweight in a research note published on Monday, January 23, 2023; the price target was decreased to $17 from $19. PT values the company’s stock at a premium of -1.24 to its Monday closing price. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Neutral”. Citigroup also remained covering LEVI and has decreased its forecast on January 11, 2023 with a “Neutral” recommendation from previously “Buy” rating. Goldman revised its rating on December 12, 2022. It rated LEVI as “a Neutral” which previously was an “a Buy”.

Price Performance Review of LEVI

On Monday, Levi Strauss & Co. [NYSE:LEVI] saw its stock fall -3.42% to $17.21. On the same session, the stock had its day’s lowest price of $17.20, but rose to a high of $17.915. Over the last five days, the stock has lost -2.27%. Levi Strauss & Co. shares have risen nearly 10.89% since the year began. Nevertheless, the stocks have fallen -18.05% over the past one year. While a 52-week high of $21.42 was reached on 02/03/23, a 52-week low of $13.57 was recorded on 01/03/23. SMA at 50 days reached $17.13, while 200 days put it at $16.96. A total of 1.93 million shares were traded, compared to the trading of 2.2 million shares in the previous session.

Levels Of Support And Resistance For LEVI Stock

The 24-hour chart illustrates a support level at 16.97, which if violated will result in even more drops to 16.73. On the upside, there is a resistance level at 17.68. A further resistance level may holdings at 18.16. The Relative Strength Index (RSI) on the 14-day chart is 44.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.02%. Stochastics %K at 38.78% indicates the stock is a holding.

How much short interest is there in Levi Strauss & Co.?

A steep rise in short interest was recorded in Levi Strauss & Co. stocks on Jan 12, 2023, dropping by -0.4 million shares to a total of 7.55 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 7.95 million shares. There was a decline of -5.3%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 8.14% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.86.

Levi Strauss & Co. [LEVI] – Who Are The Largest Shareholders?

In filings from Wellington Management Co. LLP, it is revealed that the company now owns 7,831,876 shares, or roughly 8.11% of the outstanding LEVI shares. In other words, the investor’s shares have risen by 48,254 from its previous 13-F filing of 7783622.0. Additionally, The Vanguard Group, Inc. decreased -0.06% of its stake after which the total value it holdings stand at $142,633,286, while Macquarie Investment Management B added 3.10% of its stake to hold $98.68 million in the firm. Over the last quarter, Capital Research & Management Co purchased 1,345,300 shares of Levi Strauss & Co., while Parnassus Investments LLC bought -501,954 shares. At present, Putnam Investment Management LLC is holding 3,328,491 shares valued at $61.24 million. Threadneedle Asset Management Ltd owned 3,206,413 shares of the company at the time of its most recent 13F filing, worth $59.0 million.

According to FactSet, Levi Strauss & Co.’s share price will average $19.38 in the next year, based on opinions of analysts polled by the firm. This is up nearly 6.62 percent from its previous closing price of $17.82. Analysts expect Levi Strauss & Co. stock to reach the higher price of $24.00, while the lowest price estimate is $16.00. However, 13 analysts have rated LEVI stock as an Overweight in their predictions for 2023.


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