LEVI - Levi Strauss & Co.
| Previous Close | 17.20 |
| Open | 17.04 |
| Bid | 14.50 x 800 |
| Ask | 0.00 x 1200 |
| Day's Range | 16.48 - 17.04 |
| 52 Week Range | 16.00 - 24.50 |
| Volume | 769,045 |
| Avg. Volume | 1,594,346 |
| Market Cap | 6.539B |
| Beta (3Y Monthly) | N/A |
| PE Ratio (TTM) | 16.27 |
| EPS (TTM) | 1.02 |
| Earnings Date | Jul 9, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 22.86 |
- Barrons.com
6 Other Stocks at Risk After Weak Department-Store Earnings
It was another largely downbeat earnings season for department stores, but Citigroup warns that those aren’t the only stocks that suffer from this ongoing trend.
- MarketWatch
Levi Strauss aims to halve water use in stressed areas by 2025
Levi Strauss & Co. said Thursday that it is implementing a program that uses water science, expertise and its own experience to expand its water conservation efforts. The goal is to reduce water use in depleted areas by 2025. The company would also like to aid in the effort to bring clean water to communities. Levi Strauss stock has fallen 24.6% over the last three months while the S&P 500 index is up 2.7% for the period.
- Business Wire
Levi Strauss & Co. Announces New Global Water Action Strategy, Heightening Focus on Most Water-Stressed Areas in Supply Chain
Levi Strauss & Co. (LS&Co.) today announced a new water action strategy that represents an evolution in thinking around water use in a global supply chain, particularly in areas already facing water stress, and a new way to define successful water stewardship in manufacturing. It leverages the latest water science and data, consultations with leading water experts, and the company’s own water management experience and leadership over the past three decades to set a new standard for the company and the industry. Recognizing that saving a liter of water where it is plentiful, while important, is not as critical as saving a liter where water is scarce, LS&Co. will shift from a singular “one-size-fits-all” approach to a more responsive, contextual approach to water management.
- GuruFocus.com
Target Rockets Past $100 Per Share on Strong 2nd-Quarter Earnings Performance
Large-format retailer increases full-year earnings guidance despite U.S. – China trade war uncertainty Continue reading...
- Motley Fool
This Just In: Levi Strauss Stock Upgraded
Merrill Lynch's upgrade seems at odds with Levi Strauss' actual earnings results.
- MarketWatch
Levi Strauss upgraded as Bank of America sees upside in brand momentum
Levi Strauss & Co. was upgraded to buy from neutral at Bank of America, with analysts bullish that the iconic denim company's brand momentum will provide upside in a "disrupted environment." Still, analysts led by Heather Balsky lowered their price objective to $20 from $25. "Recent concerns about its US department store exposure (we estimate 18%-to-20% of sales) have weighed on valuation," the note said. "We're cautious on the health of that channel, but think Levi's brand heat can drive further share gains." Analysts think the department store weakness has already been factored in. Moreover, they think the brand has pricing power that have thus far only been used to offset currency exchange headwinds. "If apparel is tariffed, we expect Levi's to take price opportunistically as other apparel brands raise their prices to offset tariff pressure," the note said. Levi stock, which began trading in March, has fallen 26% over the past three months while the S&P 500 index is nearly unchanged for the period.
- TheStreet.com
Levi Strauss Shares Zip Higher After Big Analyst Upgrade
Amid the escalating trade war between the United States and China, Levi Strauss' brand strength will provide a key advantage in a 'disrupted environment,' according to a report from analysts at Bank of America Merrill Lynch.
- Motley Fool
Now’s the Time to Buy These Down Stocks
Investors are losing sight of the big picture with FedEx and Levi Strauss.
- American City Business Journals
Target to sell Levi's iconic red-tag denim
Iconic red-tag Levi’s have hit the shelves at some Target stores as the jeans maker looks for new outlets for its products after plunging sales at longtime retail partner Sears. Levi Strauss & Co. (NYSE: LEVI) Chief Executive Officer Chip Bergh told Bloomberg that although Sears was the company’s largest wholesale customer a decade ago, it is now a “shadow of itself.” The Target stores slated to carry the line of men's and women's jeans, tops and jackets will mostly be concentrated in urban areas and near college campuses, the Minneapolis Star Tribune reported. Target (NYSE: TGT) has sold a lower-priced Levi’s line called Denizen for about 10 years.
- Motley Fool
Can Target Sell Its Customers Higher-End Jeans?
The "big box" retailer's expanded partnership with Levi's seems like a perfect fit.
- MarketWatch
Levi's Red Tab merchandise now available at Target
Target Corp. is now selling Levi Strauss & Co. Red Tab merchandise for men and women at more than 50 stores located near college campuses, in high-traffic city stores and online. Target has carried Levi Strauss' Denizen brand starting about a decade ago. These new items, iconic for the red tab found on the pocket, expand that access. According to a statement from Mark Tritton, Target's chief merchandising officer, Levi's is one of the most searched brands on the retailer's website. Target will carry Red Tab jeans, tops and jackets. Target stock is up 10.4% for the past three months, Levi Strauss, which went public again on March 21, has fallen 22.6% for the last three months, and the S&P 500 index has gained 1.3% for the period.
- Simply Wall St.
We Think Levi Strauss (NYSE:LEVI) Can Stay On Top Of Its Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
- Reuters
Levi's slims down China supply chain exposure as trade war rages on
Levi Strauss & Co has been "deliberate and diligent" in moving production out of China because of uncertainty hanging over tariffs on goods imported from China, Chief Executive Officer Chip Bergh said in an interview with Reuters. Just 1% or 2% of Levi's product sold in the United States are manufactured in China, Bergh said, compared to 16% two years ago. Bergh was speaking one day before President Donald Trump said he would impose tariffs on another $300 billion of Chinese goods, including apparel.
- Benzinga
Levi's CEO Defends Quarter, Says Retailers 'Need Us'
Shares of Levi Strauss & Co. (NYSE: LEVI ) sold off following its July 9 second-quarter report, and CEO Charles Bergh defended the results and made his pitch for the business on CNBC's "Mad Money" ...
- Yahoo Finance
Levi's CEO is 'super optimistic' on where the jeans maker is headed
Yahoo Finance chats with Levi's CEO Chip Bergh.
- TheStreet.com
Levi Strauss Needs to Develop a Base Pattern After Its Weak Start
Shares of the jeans maker have yet to earn their technical stripes as a long since Levi's March initial public offering.
- American City Business Journals
Levi's Plaza sells in one of San Francisco's biggest office deals ever
Levi’s Plaza has sold in one of the biggest San Francisco office deals in history. Atlanta-based real estate investor Jamestown LP paid $825 million for the corporate campus as 1155 Battery St., making it one of just a handful in San Francisco that have ever topped $800 million. Longtime owner Gerson Bakar & Associates began marketing the building in January. The Business Times first reported in May that Jamestown LP was in talks to buy the iconic campus, which still serves as the headquarters for jeans company Levi Strauss & Co. (NYSE: LEVI).
- MarketWatch
Levi Strauss launches customization tool, Future Finish
Levi Strauss & Co. announced the launch of Future Finish on Wednesday, an online customization platform that uses proprietary laser technology from the company's Project F.L.X. Customers to the Levi website can use Future Finish to choose a denim wash, tint, patterns, a leather back patch color, and wear, for instance, rips or distressed. Besides being personalized, the process also has a lower environmental impact than the traditional use of chemicals in the finishing process. Levi stock has fallen 14.4% over the last three months while the S&P 500 index [s : spx] is up nearly 3% for the period.
- Yahoo Finance
Here's the next disaster in retail. Hint: it's not J.C. Penney dying
Retailers enter the crucial back to school shopping season with one unfortunate problem.
- Market Realist
Levi Strauss Stock Got a Downgrade from Goldman Sachs
Levi Strauss (LEVI) stock fell 4.6% on July 17 after Goldman Sachs downgraded it to “sell” from “neutral.” Goldman Sachs cut its price target for Levi stock to $19 from $21. In addition, Goldman Sachs downgraded peers PVH (PVH) and Ralph Lauren (RL) to “sell” from “neutral” with a price target of $82 and $103, respectively. The rating downgrade reflects concerns about Levi's higher valuation compared to its peers.
- InvestorPlace
Levi’s News: LEVI Stock Takes a Hit on Goldman Sachs Downgrade
Levi's news for Wednesday about the company getting a downgrade has LEVI stock falling.Source: Shutterstock The downgrade for Levi's (NYSE:LEVI) comes from Goldman Sachs analyst Alexandra Walvis. This has the analysts dropping the stock from its previous rating of "Neutral" to a new rating of "Sell." This marks the first "Sell" rating for the company from Goldman Sachs.The bad Levi's news doesn't just stop at a downgrade. Walvis also is also reducing her price target for the stock to $19 per share. That represents a roughly 9% decrease from the previous price target of $21 per share.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe lower price target for LEVI stock is actually below what it was trading for at close on Tuesday. LEVI stock was sitting at $19.80 when the markets closed. This has that price target sitting at about 4% lower than that. It's worth noting that this new price target does still have LEVI above its IPO price of $17 per share in March.The Goldman Sachs analyst gives a couple of reasons behind the bad Levi's news. The first is that the wholesale sector in the U.S. is already facing tough times. The second is that the hype around LEVI stock isn't justified based on its brand growth, reports Bloomberg. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Levi's news has been rough lately after reporting an earnings miss earlier this month. That saw the company bringing in earnings per share of 7 cents. Unfortunately, that was below Wall Street's earnings per share estimate of 8 cents for the period.LEVI stock was down 5% as of noon Wednesday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading As of this writing, William White did not hold a position in any of the aforementioned securities.The post Levi's News: LEVI Stock Takes a Hit on Goldman Sachs Downgrade appeared first on InvestorPlace.
- Barrons.com
3 Stocks to Sell in Apparel Retailing, According to Goldman Sachs
Shares of (LEVI)(PVH), and (RL) fell as (GS) downgraded the trio to Sell, warning of more headwinds for the apparel retailers. Levi Strauss (ticker: LEVI) made its debut this year in a $6.2 billion initial public offering and the stock rose following its first post-IPO earnings report. Ralph Lauren (RL) is up 7.3% in 2019.
- Yahoo Finance Video
Here’s the next disaster in retail: Q2 results
Yahoo Finance’s The First Trade has been keeping an eye on retailers as the calendar gets ready to flip to August. The key back-to-school shopping season is just about to kick off -- but 2Q results are shaping up to be pretty bad. Alexis Christoforous and Brian Sozzi discuss.
