|Bid||23.70 x 900|
|Ask||23.99 x 1100|
|Day's Range||23.33 - 24.34|
|52 Week Range||21.24 - 24.50|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||19.99|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||24.60|
More shoppers are buying secondhand goods, and brands are getting in on the action rather than leaving that business to thrift and consignment stores.
The IPO market is red hot right now, and investors' appetite for zero-profit IPOs is being tested. Tomorrow we have 6 IPOs to look forward to, most notably social media platform Pinterest and video chat application Zoom.
Levi Strauss & Co. today announced that its 2019 Annual Meeting of Shareholders will be held on July 10, 2019 at 10:00 a.m. Pacific Time at the company’s headquarters located at 1155 Battery Street, San Francisco, CA 94111.
Levi Strauss & Co. (NYSE: LEVI) shares resumed trading on a public market for the first time in more than 30 years in late March. Levi's boasts an iconic brand in the $100 billion jeans market and is led by CEO Charles Bergh who brings tremendous experience in brand-building, JPMorgan's Matthew Boss said in a note. Bergh implemented new strategies and initiatives, including marketing and product improvements, a focus on Women's and a direct-to-consumer business.
rose 2.1% to $22.92 Monday after JPMorgan initiated coverage of the apparel company with an overweight rating and set a $26 year-end price target. "Levi's is an iconic brand and the global market leader in a $100B Jeanswear market with (more than) 165 years of history and strong product DNA having invented the 'Blue Jean' in 1873 with Levi's brand equity serving as a meaningful barrier to entry, in our view," Boss said.
A slight flattening of the yield curve may hurt bank stocks' profitability, but underwriting of several unicorn IPOs should help these financial ETFs.
J.P. Morgan initiated Levi Strauss & Co. as overweight Telsey initiated Levi Strauss & Co. as outperform Goldman Sachs downgraded Wells Fargo to neutral from conviction buy Goldman Sachs downgraded Nokia to sell from neutral Nomura Instinet upgraded Dow to buy from neutral Oppenheimer downgraded CVS Health to perform from outperform Bank of America initiated Five Below as buy Longbow upgraded Western Digital to buy from neutralHere are the biggest calls on Wall Street on Monday: J.
Lyft (NASDAQ:LYFT) went public on March 28 at $72 a share giving the ride-sharing app a market cap of $20.6 billion right out of the gate. In the two weeks since LYFT stock has lost 18% of its IPO valuation. Now, Uber has filed its preliminary prospectus and looks to go public in May.Investors are left pondering which money-losing company to own; Uber, the market-share leader, or Lyft, the competitor nipping at its heels. InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere's a clue: Do nothing! Buy neither. Invest in stocks that make money. Recent ExperienceLast weekend, my family gathered in Toronto to celebrate my mom's 85th birthday. Because there was going to be a bunch of us, we rented a condo downtown so we'd be close to the action. Uber was our ride of choice. Having lived in Toronto until February 2018, I was well aware of the ride-sharing app. My wife and I used it all the time. Then I moved to Halifax and, boy, do I miss it. My sister lives in Victoria, and before that Vancouver. Neither place has Uber. In one weekend, she's become a fan. Who's going to drive and treat their car more carefully than the actual owner? Most of the cabs I get into in Halifax smell someone's been sleeping in the back seat. No thanks. * 8 Risky Stocks to Watch as Earnings Season Kicks Off Lyft and Uber, they both make sense in a world where most taxi drivers hate their job. Sure, there are lots of stories about assaults, fake drivers, etc., and the companies must be held to account for these incidents, but there's no denying the concept itself is a good one. A Slight Financial ProblemI could swear people who buy IPOs like Lyft or Uber imagine themselves to be part-time venture capitalists. As if their ownership stake is going to make all the difference in the companies making money. I don't need even two hands to count the number of money-losing stocks I've recommended to readers over the years. I'd have to think about it to come up with the actual names: Tesla (NASDAQ:TSLA) and Roku (NASDAQ:ROKU) are two. After that, it gets difficult, but I'm sure there's a few that will come to me. Anyway, I don't believe regular investors who work in a job unrelated to finance, should be putting their hard-earned pay to money losers. The whole point of the stock market is to provide individuals with the opportunity to own profitable companies that are growing. A small piece of a bigger pie, if you will.It isn't for speculating on how big Lyft and Uber can become.As it stands right now, Lyft and Uber are exceptionally good at losing money, it's part of their unicorn DNA. By buying shares of either company's IPO, you're merely helping professional venture capitalists exit their investments.There are exceptions where early-stage investors hang on to their shares for an extended period after going public, but those are few and far between. If it were up to me, companies wouldn't be allowed to go public without GAAP profitability in the latest fiscal year. Leave the money-losing growth phase to private companies. I get that my idea defeats the point of raising capital on a public market, but if the SEC were really about protecting investors, they'd heed my words. $3.7 Billion in Operating Losses and CountingIn fiscal 2018, Lyft and Uber had operating losses of $688 million and $3.0 billion, respectively. That's an operating margin of -27%. Both prospectuses state that they may never make money. Ever. * 7 Biometric Stocks to Watch as AI Rises That would be like someone telling you that the house that you're about to buy from them is never going to appreciate. If you knew this, there is no way you'd buy it. Yet folks are lining up to buy the IPO shares. It's nuts. While the number of stocks listed on U.S. stock exchanges is shrinking -- falling from 7,300 in 1996 to 3,600 in 2016 -- there are still a large number of options available to investors. Many of them making money. Bottom Line on Lyft StockRecently, I poo-pooed the Levi Strauss (NYSE:LEVI) IPO, offering readers with seven reasons why I wouldn't touch it. Losing money wasn't one of them. Up 36% since March 20, investors who did buy shares get the last laugh. For now. I still believe its upside isn't nearly as rosy as analysts feel it is, but at least it makes money. Buy those kinds of IPOs. Unless you have a fun fund, don't buy the Lyft or Uber kind. The wait for profitability will kill you.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post Do You Bet on Money-Loser A (Lyft Stock) or Money-Loser B (Uber)? appeared first on InvestorPlace.
Two years ago, Uber Technologies Inc. was the quintessential Silicon Valley problem child. Yet when the most highly valued Silicon Valley tech startup finally filed for its initial public offering on Thursday, it portrayed itself as the grown-up among its peers.
J. Crew Group Inc. is “actively exploring strategic alternatives” for itself, including a possible initial public offering for its Madewell brand of women’s clothing and accessories.
Investing in multiple IPOs at the same time can be a difficult task; however, investors can easily tap the IPO resurgence with the two domestic-focused ETFs.
In a pair of industries that are often unkind to shareholders, Delta, JetBlue, and Levi Strauss are giving investors reason to smile this week.
The freshly minted shares of Levi Strauss (NYSE:LEVI) popped in early April after the blue jeans maker impressed investors with strong revenue growth and healthy margin trends in its first earnings report since coming back to Wall Street. Still, the rally failed to make up for a the sell-off seen coming into the report, leaving LEVI stock below where it was just a few weeks ago, closing Wednesday at $22.75 a share.This makes sense to me. The Levi Strauss IPO was over-hyped. Why? Quite simply, this is a blue jeans company that isn't growing very quickly, isn't supported by secular trends, doesn't have big margin drivers, and is challenged by the still red-hot athleisure wave. All that adds up to a lower-$20's price tag for LEVI stock in 2019. Anyone thinking of price levels closer to and above $25 in 2019 is getting ahead of themselves.Levi's first quarter numbers confirm this low-growth reality. While LEVI stock rallied some in response to the debut period numbers, it didn't rally much, ultimately because an already-extended valuation is putting a lid on further upside.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis will remain true for the foreseeable future. As such, I think LEVI stock is best avoided until it drops closer to $20. Around $25, the stock is arguably overvalued. Numbers Confirm Low-Growth RealityLevi's first-quarter numbers weren't bad. They were actually pretty good. Reported revenue growth came in at 7%, while constant-currency revenue growth across every geography was 10% and more. The full-year guide calls for a slowdown, but not much, and implies mid-single-digit revenue growth for the rest of the year. Meanwhile, gross margins dipped 30 basis points, but the hit was all from FX noise, while core gross margins were strong thanks to more direct-to-consumer (DTC) sales. The opex rate dropped. Profits rose nicely. * 10 Dow Jones Stocks Holding the Blue Chip Index Back Overall, the quarter was pretty good. But, if you zoom out, the quarter isn't anything to get too excited about, and more than anything else, it just confirms Levi's low growth reality.Over the past three years, Levi Strauss has been a roughly 7% annualized revenue grower with flattish profit margins, led by healthy gross margin expansion and a rise in marketing expenses. The same is largely expected for 2019, with the guide calling for mid-single-digit revenue growth and flattish-to-slightly higher profit margins, due to gross margin expansion and higher marketing expenses offsetting one another.So, Levi Strauss isn't in the middle of a breakout. It's just growing as usual, and usual here is sluggish revenue growth, flattish margins, and ultimately muted profit growth.That isn't anything to write home about. Instead, it's actually something to worry about, especially since other apparel companies -- namely, athleisure giants like Nike (NYSE:NKE) and Lululemon (NASDAQ:LULU) -- are growing much more quickly.The big takeaway? The blue jeans trend is still on the way out, and the athleisure trend is still on the way in. So long as this is what fashion decrees, Levi's growth will remain sluggish, and that will ultimately keep a lid on LEVI stock. LEVI Stock Doesn't Have Much Upside PotentialAt the current moment, LEVI stock seems fully valued, considering its long-term growth prospects.The global apparel market is growing at a 5% compounded annual growth rate. Given the popularity of athleisure styles, I'd be surprised if Levi Strauss matched that growth rate and maintained market share over the next several years. Nonetheless, let's assume a realistic best-case scenario and the company does just that, and revenue growth pans out at around 5% per year into 2025.During that stretch, gross margins should continue to expand, given brand equity and pricing power, as well as a continued shift to a DTC model. But, that shift also requires investment, which will mean more opex dollars. Opex dollars will also go up because the company will need to market more in the face of stiff athleisure competition. So, the next several years will likely be defined by healthy gross margin expansion but muted opex leverage. * 7 High-Risk Stocks With Big Potential Rewards Putting all that together, I think Levi Strauss can do $2 in earnings per share by fiscal 2025. Based on a retail average 18x forward multiple, that implies a fiscal 2024 price target for LEVI stock of $36. Discounted back by 10% per year, that equates to a fiscal 2019 price target of roughly $22. Bottom Line on LEVI StockIn the lower-$20's, LEVI stock is stuck in no man's land in terms of valuation relative to long-term growth fundamentals. That's why I'm not terribly interested in the stock here and now.Still, I think it's fairly likely that slowing economic expansion and bruising athleisure competition headwinds rear their ugly heads sometime later this year, and cause the jeans maker to report an earnings dud. That could drag Levi Strauss stock down to $20. If that happens, that would be an opportunity to buy.Until then, I think it's best to wait on the sidelines.As of this writing, Luke Lango was long NKE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Best Dividend Stocks to Buy for Every Investor * 7 Catalysts That Will Send Marijuana Stocks Soaring in 2019 * 8 Risky Stocks to Watch as Earnings Season Kicks Off Compare Brokers The post Red-Hot Athleisure Puts Lid On Jeans-Maker Levi Strauss Stock Upside appeared first on InvestorPlace.
The recently IPO'd clothing company just buttoned up its first quarter since going public. Here's what management wants investors to know.
Levi's Plaza is on the market, and landlords are watching the namesake retailer closely in case it decides to move.
as it prepares to spin off its iconic blue jeans brands. Levi's stock has jumped in trading on Wednesday, trending toward its highest level since late March IPO. The trends noted by the company are encouraging to VF Corp. which filed a Form 10 document with the SEC on April 1 to spin off key denim brands Lee, Rock & Republic, and Wrangler into a new company called Kontoor Brands that will trade under the symbol KTB.
In its first quarterly report since going public for the second time in March, Levi Strauss & Co. (LEVI) disclosed strong first-quarter 2019 earnings after the closing bell on Tuesday, sending shares higher. It was up 11% on a constant currency basis. Warning! GuruFocus has detected 5 Warning Signs with UPS.
China is only about 3% of the company's business today. Bergh said he looks at competitors like Nike, with 20% of its business in China, and wants to turn China into the company's growth engine.