In the most recent trading session, Levi Strauss (LEVI) closed at $19.08, indicating a -0.63% shift from the previous trading day.
In the latest trading session, Levi Strauss (LEVI) closed at $18.94, marking a -1.81% move from the previous day.
Levi Strauss (LEVI) closed the most recent trading day at $18.99, moving +0.96% from the previous trading session.
In the most recent trading session, Levi Strauss (LEVI) closed at $17.52, indicating a -0.9% shift from the previous trading day.
Retail stocks continue to underperform the broader market. Year-to-date, the S&P Retail Index is up only 2% compared to an 18% gain in the benchmark S&P 500 index.
Analysts were disappointed when Levi Strauss' management didn't raise its financial guidance in light of strong quarterly results. The company is updating its distribution model because more of its customers are buying directly online.
Blue-chip stocks continue to trail in this market. Through the first half of the year, the Dow Jones Industrial Average, which is comprised of 30 blue-chip stocks, is up 4% compared to a 20% gain in the technology loaded Nasdaq Composite index.
I downgrade my buy rating to hold rating for Levi Strauss & Co. Strong DTC growth and margin improvement reported in recent earnings. However, the upside is no longer attractive, and the market is unlikely to rerate the stock upwards due to poor guidance.
Interest in everything related to Western fashion is driving up demand for denim clothing such as skirts and dresses, according to San Francisco-based Levi Strauss. The frenzy comes as Western wear has gained a groundswell of cultural support that's caught the attention of the consumers, not to mention the retailer's chief executive and Wall Street.
Micron Technology, Walgreens Boots Alliance and Levi's were three of Thursday's biggest movers.
Levi Strauss beat on earnings last night (even if its beat isn't as impressive as you might have heard). GAAP profits were only $0.04 per share, but Levi's free cash flow is surging.
Although denim is back in style -- including the resurgence of early 2000s jorts -- Levi Strauss isn't seeing a significant bump in sales.