Now Make $500 A Month From Levi Stock

Levi Strauss & Co. (NYSE: LEVI) On Tuesday, Levi Strauss saw a decline in its stock price, with shares dropping by 7.7% to reach a closing price of $18.74. (NYSE: LEVI) is gearing up to unveil its first-quarter earnings after the market closes on April 3, 2024.

Market analysts anticipate the San Francisco-based apparel giant to post earnings of 21 cents per share for the quarter, down from the previous year’s 34 cents per share. Projections also suggest quarterly revenue to land around $1.55 billion, as per data from Benzinga Pro.

In its recent financials released on Jan. 25, Levi reported a 3% year-over-year increase in fourth-quarter revenue, reaching $1.64 billion. However, this figure fell short of the anticipated $1.66 billion. Earnings per share for the quarter were reported at 44 cents, slightly surpassing analyst forecasts of 43 cents per share.

With Levi Strauss drawing considerable attention lately, some investors might be considering the potential dividends the company offers. Levi Strauss currently boasts an annual dividend yield of 2.56%, translating to a quarterly dividend of 12 cents per share (48 cents annually).

Stock levi

Levi Strauss & Co. Stock Performance

On Wednesday, LEVI opened at $18.74. Here’s a breakdown of the stock’s recent performance:

  • Fifty-Day Simple Moving Average: $17.97
  • Two-Hundred Day Simple Moving Average: $15.96

Financial Metrics:

  • Current Ratio: 1.48
  • Quick Ratio: 0.75
  • Debt-to-Equity Ratio: 0.49

Market Information:

  • Market Capitalization: $7.46 billion
  • Price-to-Earnings Ratio: 29.75
  • Price-to-Earnings-Growth Ratio: 1.27
  • Beta: 1.22

LEVI’s Trading Range:

  • 12-Month Low: $12.41
  • 12-Month High: $20.36

These metrics provide insight into LEVI’s recent stock performance, financial health, and market standing.

Analysts’ Assessments of Levi Strauss & Co.

Various research analysts have weighed in on LEVI shares. Here’s a summary of their recent comments:

  • UBS Group: Increased Levi Strauss & Co.’s target price from $21.00 to $23.00 and issued a “buy” rating on Monday, January 29th.
  • Wells Fargo & Company: Lowered Levi Strauss & Co.’s price objective from $18.00 to $17.00 and assigned an “equal weight” rating for the company on Friday, January 26th.
  • Telsey Advisory Group: Raised Levi Strauss & Co.’s price objective from $18.00 to $22.00 and gave the stock an “outperform” rating on Wednesday, March 27th.
  • TheStreet: Upgraded Levi Strauss & Co. from a “c+” rating to a “b-” rating on Tuesday, February 13th.
  • JPMorgan Chase & Co.: Reduced Levi Strauss & Co.’s target price from $16.00 to $15.00 and designated a “neutral” rating for the company on Friday, January 26th.

Currently, four research analysts have rated the stock as a hold, while five have assigned a buy rating. According to MarketBeat.com data, the stock holds a consensus rating of “Moderate Buy,” with a consensus target price of $17.10.

How to make $500 a monthly

To achieve a regular income of $500 per month from Levi Strauss’s dividend yield, investors would need to calculate the number of shares required based on the dividend amount per share. With a quarterly dividend of 12 cents per share, totalling 48 cents annually, investors would need to accumulate enough shares to generate $500 each month.

Here’s the breakdown:

Annual income needed: $500 * 12 = $6,000

Dividend per share annually: $0.48

Number of shares required: $6,000 / $0.48 = 12,500 shares

Therefore, an investor would need approximately 12,500 shares of Levi Strauss to earn $500 per month from dividends alone.

For a more modest income of $100 per month or $1,200 annually, the calculation would be:

Annual income needed: $100 * 12 = $1,200

Number of shares required: $1,200 / $0.48 = 2,500 shares

Thus, an investor would need around 2,500 shares of Levi Strauss to earn $100 per month from dividends.

How dividend work

Understanding how dividend yield works is crucial for investors assessing the income potential of a stock. It’s calculated by dividing the annual dividend payment by the current stock price.

For instance, if a stock pays an annual dividend of $2 and is priced at $50, the dividend yield would be 4% ($2/$50). If the stock price rises to $60, the yield decreases to 3.33% ($2/$60). Conversely, if the price falls to $40, the yield increases to 5% ($2/$40).

Changes in dividend payments also affect the yield. If a company boosts its dividend, the yield rises, assuming the stock price remains constant. Conversely, if the dividend decreases, so does the yield.

Want to know more About : 7 high yield dividend stock

How to invest in Levi Strauss & Co.

Investing in Levi Strauss & Co. (NYSE: LEVI) can be done through various avenues, including:

1.Stock Brokerage Account: Open a brokerage account with a reputable online broker such as Charles Schwab, Fidelity, TD Ameritrade, or Robinhood. Once your account is funded, you can search for Levi Strauss stock using its ticker symbol (LEVI) and place buy orders accordingly.

2.Robo-Advisors: Some robo-advisors like Betterment or Wealthfront offer automated investment services where you can specify your investment goals and risk tolerance, and they’ll allocate your funds into a diversified portfolio of stocks, including Levi Strauss if it fits their criteria.

3.Mutual Funds or ETFs: Look for mutual funds or exchange-traded funds (ETFs) that include Levi Strauss stock in their portfolio. This option allows for diversification as your investment is spread across various companies within the fund. Examples include consumer discretionary sector funds or apparel industry-focused ETFs.

4.Direct Stock Purchase Plan (DSPP): Some companies offer DSPPs, allowing investors to buy shares directly from the company, often with lower fees and minimum investment requirements than traditional brokerage accounts. You can check if Levi Strauss offers such a plan by visiting their investor relations website or contacting their transfer agent.

Bottom line:

Before investing, it’s essential to conduct thorough research on Levi Strauss, including its financial performance, growth prospects, competitive positioning, and industry trends. Additionally, consider your investment objectives, risk tolerance, and time horizon before making any investment decisions. If you’re uncertain about investing or need personalized advice, consulting with a financial advisor is recommended.

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