Latest news with #LeviStrauss
Yahoo
4 days ago
- Business
- Yahoo
Wall Street Bulls Look Optimistic About Levi Strauss (LEVI): Should You Buy?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Levi Strauss (LEVI) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Levi Strauss currently has an average brokerage recommendation (ABR) of 1.50, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 12 brokerage firms. An ABR of 1.50 approximates between Strong Buy and Buy. Of the 12 recommendations that derive the current ABR, nine are Strong Buy, representing 75% of all recommendations. Check price target & stock forecast for Levi Strauss here>>>The ABR suggests buying Levi Strauss, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation. Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations. In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement. With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision. In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures. The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5. It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them. In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research. In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks. There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices. In terms of earnings estimate revisions for Levi Strauss, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $1.23. Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Levi Strauss. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Levi Strauss. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Levi Strauss & Co. (LEVI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Lifestyle
- Yahoo
Remembering the history of the Gold Rush Jewish pioneers in Northern California
On this Jewish History Month, Fox40 looks back at the Jewish History in Northern California. ( — Hundreds of thousands of immigrants descended upon Northern California during the height of the 1848 Gold Rush, and among them were thousands of Jewish pioneers. It's a history that's often forgotten, and the Commission for the Preservation of Pioneer Jewish Cemeteries and Landmarks in the West works to keep it alive. 'This is not only our history as Jews in California, but it is the history of California itself,' Freda Urling, a board member of the Preservation of Pioneer Jewish Cemeteries and Landmarks in the West, said. 'Historically, ancient Jews were lenders because we couldn't own land and we couldn't own businesses, but here in California, there wasn't prejudice.' Many of the Jewish pioneers were miners, and others came to establish businesses catering to miners. This includes Mr. Levi Strauss, who developed jeans as durable wear for miners. Rite Aid Thrifty Ice Cream brand faces closure amid bankruptcy To preserve a cemetery is to preserve history itself, and this group is preserving the history of Jewish cemeteries in Placerville, Sonora, Grass Valley, Nevada City, Jackson, Mokelumne Hill, and Marysville. 'If there's one thing that Jews know, it's death, and we have many rituals that surround it,' Urling adds. 'It's important for our people to be buried in consecrated ground blessed by a Rabbi and maintained, so for us it is a Mitzvah.' The Commission is currently working to repair the graves of the Katzenstein family at the Marysville Hebrew Cemetery. Cammie Brodie is the three-times-great-granddaughter of Eugene and Marie Katzenstein, who were born in Haguenau, France, and eventually made their way to Marysville in 1852. San Joaquin County DA secured guilty plea for sex crime with firearm 'They were all very industrious individuals and very connected to the community,' Brodie said. 'Eugene opened up a restaurant and hotel in Marysville.' Jedidiah Watson is a sixth-generation descendant of Jewish Gold Rush pioneers. His family immigrated from what was once the Province of Posen in Prussia—now modern-day Poland—following the 1848 failed revolution. 'There were jobs that they couldn't have, there was property that they couldn't own, and so they were part of the revolution,' Watson said. 'And when the revolution failed, they were to blame– it was the blood libel of the 1850s, so a lot of them saw the Americas as a way to get a fresh start.' In Northern California, they became valued members of society. His three-times-great-grandfather, Benjamin Nathan, owned over 50 different mines in Grass Valley, and the greater family also owned several businesses. 'One thing that my grandfather instilled in us was not just the pride of being Jewish, but also the pride of the Gold Rush,' he adds. Fellow board member Francis Coats echoes the importance of preserving this rich history in today's political climate and growing Antisemitism. 'I think current history indicates it's terribly important to have a cultural and historic memory,' Coats adds. You can read more about the Jewish pioneers in the California Gold Rush here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
5 days ago
- Business
- Yahoo
Retail Stocks: Values or Traps?
(0:30) - Finding Strong Investments Within The Retail Sector For Your Portfolio (6:30) - Tracey's Top Stock Picks (34:45) - Episode Roundup: LEVI, LE, ULTA, TGT, DECK Podcast@ Welcome to Episode #397 of the Value Investor Podcast. Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks. The most uncertain industry in 2025 appears to be retail. It has a lot of exposure to the tariffs and the changes in the supply chain. Additionally, when the consumer pulls back on spending, retail will be impacted as well. Many retail stocks have sold off in 2025. Are they cheap? Or are they traps? Definition of a Value Trap Reminder, a stock can have a low price-to-earnings (P/E) ratio and still not be a true value. The key is to look at the earnings consensus for this year. Are earnings expected to grow or decline? If they are declining, while the stock also has a low P/E, that could indicate the stock is a trap. If they are on the upward swing, while the stock is cheap, it could be a true value. Are these 5 retail stocks values or traps? Retail Stocks: Values or Traps? 1. Levi Strauss & Co. (LEVI) Levi Strauss is the famous San Francisco denim manufacturer. Shares of Levi Strauss have fallen 22% over the last year. It's cheap. Levi Strauss trades with a forward P/E of just 14.6. It pays a dividend yielding 2.9%. Is Levi Strauss a true value, or is it a trap? 2. Lands' End, Inc. (LE) Lands' End is a specialty apparel and accessories retailer. Shares of Lands' End have been hammered over the last year, falling 37.2%. Even in the last month, as most stocks rallied, Lands' End fell 0.7%. But Lands' End is cheap. It has a forward P/E of just 13.7. Is Lands' End a value or a trap? 3. Ulta Beauty (ULTA) Ulta Beauty sells beauty products online and in its stores in the United States. Ulta shares are higher over the last year, gaining 11.5%. They are also up over the last month, adding 10.5% before their earnings report. Ulta has a forward P/E above 15, which is the level used to determine value. But with a P/E of 18, it's not that pricey. Is Ulta Beauty a value or a trap? 4. Target Corp. (TGT) Target is one of the largest big box retailers in America. Shares of Target have struggled the last few years and are near 5-year lows. Over the last year, Target shares fell 35.8%. And over the last month, they remain low. They're still down 1.3% during that time. Target trades with a forward P/E of 12.6. It also has a dividend now yielding 4.7%. But Target is also a Zacks Rank #5 (Strong Sell). Only 5% of all stocks that have the Zacks Rank are Strong Sells. Is Target a trap here? 5. Deckers Outdoor Corp. (DECK) Deckers Outdoor owns the popular shoe brands UGG, Hoka and Teva. Shares are off their all-time highs, falling 39.6% over the last year. After plunging after the recent earnings report, shares have bounced back, but remains down 2.7% over the last month. Deckers is trading at an attractive and low P/E for the company of just 17.1. But earnings estimates are being cut for this fiscal year and next. Is Deckers a value or a trap? What Else Should You Know About the Retail Stocks? Tune into this week's podcast to find out. [In full disclosure, Tracey owns shares of ULTA in her personal portfolio.] Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Target Corporation (TGT) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Ulta Beauty Inc. (ULTA) : Free Stock Analysis Report Lands' End, Inc. (LE) : Free Stock Analysis Report Levi Strauss & Co. (LEVI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
24-05-2025
- Business
- Yahoo
Levi Strauss (LEVI) Suffers a Larger Drop Than the General Market: Key Insights
The latest trading session saw Levi Strauss (LEVI) ending at $17.74, denoting a -1.06% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.67%. At the same time, the Dow lost 0.61%, and the tech-heavy Nasdaq lost 1%. Shares of the jeans maker witnessed a gain of 12.34% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 9.36% and the S&P 500's gain of 10.65%. Analysts and investors alike will be keeping a close eye on the performance of Levi Strauss in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.13, showcasing a 18.75% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.37 billion, indicating a 5.23% decrease compared to the same quarter of the previous year. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.23 per share and revenue of $5.97 billion. These totals would mark changes of -1.6% and -6.11%, respectively, from last year. It's also important for investors to be aware of any recent modifications to analyst estimates for Levi Strauss. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Levi Strauss is holding a Zacks Rank of #3 (Hold) right now. Looking at valuation, Levi Strauss is presently trading at a Forward P/E ratio of 14.58. This signifies a discount in comparison to the average Forward P/E of 17.35 for its industry. We can also see that LEVI currently has a PEG ratio of 1.69. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.92 based on yesterday's closing prices. The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 137, placing it within the bottom 45% of over 250 industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Levi Strauss & Co. (LEVI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Daily Mail
23-05-2025
- Business
- Daily Mail
Levi's to sell Dockers to Authentic Brands for $311 million
Dockers — once the ultimate symbol of office cool — is being sold off by Levi Strauss as Americans continue to swap dress codes for stretchy pants and comfort wear. The denim giant announced Tuesday it has struck a deal to sell Dockers to New York-based Authentic Brands Group in a deal worth up to $391 million. The sale arrives as San Francisco-based Levi Strauss boosts its focus on the chain´s core Levi´s brand — as well as Beyond Yoga, which the company acquired in 2021, as more and more consumers continue to cozy up to athleisure wear. But bosses at Authentic — known for buying up storied brands but struggling labels and revitalizing them — has big plans for Dockers. Levi Strauss launched Dockers back in 1986, and the brand soon became a 'Casual Friday' staple. Many office workers turned to Dockers' khakis and looser button-downs in the place of more traditional business attire. While it was not the sole — or very first — creator of dressed-down office looks, Dockers has been widely-credited as an integral part to 'Casual Friday's' rise, particularly in the 90s. Levi's CEO Michelle Gass thanked the Dockers team for building what she called 'the authority on khaki,' but said it was time to focus on Levi's core denim business and Beyond Yoga, the athleisure brand it bought in 2021. The focus on denim was highlighted in Levi's recent adverts with Beyonce, where she recreated scenes from famous ads for the 501-makers. Authentic Brands CEO Jamie Salter said Dockers is 'a natural fit' and promised to breathe new life into the label. 'Dockers played a key role in shaping casual workwear as we know it today,' he said. 'We see significant potential to build on that legacy.' The company has already turned around the ikes of Reebok, Nautica and Brooks Brothers and runs the estates of Elvis Presley and Muhammad Ali. Founded in 2010, Authentic doesn't run stores or make products itself. Instead, it owns brand names and licenses them out to retailers, manufacturers, and marketers who pay to use the branding on everything from clothes to fragrances to restaurants. The sale is expected to close by July 31 in the US and Canada, with international operations wrapping by early 2026. Levi Strauss, which reported $210.6 million in profit last year on $6.36 billion in revenue, first hinted at the sale last October, citing Dockers' underperformance. While Dockers may no longer dominate workplace fashion, for a generation of American office workers, its legacy lives on — in every business-casual Friday that replaced a stiff suit with a laid-back pair of khakis. Beyonce has appeared in two Levi's adverts in the past year, one in September and another in February In the most recent one she recreated another one of the brand's iconic ads. The Texas Hold 'Em hitmaker, 43, had glamorous denim on denim look while playing a game of pool in a dive bar. It was her take on Levi's 1991 Pool Hall ad , in which a young man bets his jeans on a pool game. Beyonce walks into the dive bar rocking a bedazzled denim jacket, matching Levi's jeans, and statement earrings. Her short platinum blonde hair is styled into voluminous curls, with her glam looking flawless. The ad, titled 'Chapter 2: Pool Hall', was set to her Cowboy Carter hit 'Levii's Jeans' featuring Post Malone. In her first ad for the brand, released in September, Beyonce paid homage to a legendary Eighties advert as she flashed her underwear. The singer stripped off in the 30-second advert, entitled Chapter 1: Launderette, which was a modern replica of Nick Kamen's 1985 Levis 501 advert. Beyonce's version saw her head inside a laundry mat while carrying a bucket of diamonds and clad in a $98 pair of Levi's Premium 501 90S Women's Jeans.
