In the latest trading session, Levi Strauss (LEVI - Free Report) closed at $22.10, marking a -1.25% move from the previous day. This change lagged the S&P 500's 0.58% gain on the day. Elsewhere, the Dow gained 0.45%, while the tech-heavy Nasdaq added 1.13%.
Prior to today's trading, shares of the jeans maker had lost 6.4% over the past month. This has lagged the Retail-Wholesale sector's loss of 2.95% and the S&P 500's loss of 2.34% in that time.
Wall Street will be looking for positivity from LEVI as it approaches its next earnings report date.
Any recent changes to analyst estimates for LEVI should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. LEVI is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that LEVI has a Forward P/E ratio of 20.66 right now. For comparison, its industry has an average Forward P/E of 12.88, which means LEVI is trading at a premium to the group.
Meanwhile, LEVI's PEG ratio is currently 3.92. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Apparel and Shoes was holding an average PEG ratio of 1.24 at yesterday's closing price.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 75, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.