Levi Strauss & Co. (LEVI): Important & Key Factors of Consumer Cyclical Stock

Levi Strauss & Co. (NYSE: LEVI) recently announced financial results for the third quarter ended August 23, 2020. Net revenues declined 27 percent on a reported basis; the decrease was primarily due to the impacts of the COVID-19 pandemic, including reduced traffic and ongoing closures of company-operated and third-party retail locations for portions of the quarter and in certain markets.

Company e-commerce revenue growth of 52 percent partially offset the decline, while the company’s global digital revenues, which includes the company’s e-commerce sites as well as the online business of its pure-play and traditional wholesale customers, grew approximately 50 percent compared to the same period in the prior year, and comprised approximately 24 percent of third-quarter 2020 revenues, double what it was a year prior.

Gross margin increased 130 basis points on a reported basis to 54.3 percent; Adjusted gross margin increased 60 basis points to 53.6 percent, primarily due to price increases and a higher proportion of sales in the higher-margin direct-to-consumer channel.

Levi Strauss & Co. (LEVI) share price plummeted -1.80% with the closing price of $14.74 on Tuesday. Levi Strauss & Co. stock has an exchanging volume of 7.75 million shares, which is high, contrasted with its 3-months average volume of 1.76M shares. Its market capitalization has now reached to $5.76B and analysts have a consensus target price of $16.89 in the 12-month period.

LEVI Past Trading Activity

The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, LEVI price has rose by 10.74%. In the course of past three months sees the stock go up around 16.25%, while it has gain 22.73% over the past six months and -23.59% since the start of the year.

LEVI Earning History

Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Nov 2020), the firm recorded a revenue of 498.0 million, which was lesser than the gauge of 1.26B made by certain experts. For that equivalent quarter, Levi Strauss & Co. posted $0.08 earnings per share (EPS) which was above the consensus estimate of -$0.22 by $0.3, which represents to an expansion by 136.40%.

LEVI Price Performance

Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on Levi Strauss & Co. has seen its stock exchanging -3.47% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +24.70% above its three-month low. A more extensive look sees LEVI exchanging -28.81% beneath its 52-week high and 62.16% above from its 52-week low price.

LEVI Instability & Beta Factor

The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 4.35%, while it has a month to month instability of 4.13%. The company has an ATR (Average True Range) of 0.58.

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