Iconic jeans maker Levi Strauss held up better than most companies during last year's bear market. It finally succumbed at the end of the year though, posting drops in the growth rates of both sales and profit. However, the Street sees potential for Levi Strauss to suit up and show up again this year as the company has a relatively strong B- Accumulation/Distribution Rating. Additionally, on Thursday Levi Straus stock's Relative Strength Rating climbed to 72, up from 68 the day before.
Can Levi Strauss Stock Continue Climbing?
The raised RS Rating shows that Levi Strauss stock is outperforming 72% of all stocks. The market's biggest winners typically have an RS Rating of over 80 in the early stages of their moves. See if Levi Strauss can continue to show renewed price strength and join the best stocks to buy and watch.
Among its other primary ratings, Levi Strauss stock has a 71 Composite Rating. Its 40 EPS Rating reflects erratic profit growth in recent quarters and years. One thing in its favor is the strong A+ Group RS Rating for the Apparel-Clothing Manufacturing group it's in. Additionally, the group ranks a lofty No. 11 on IBD's list of 197 industries.
Looking For Winning Stocks? Try This Simple Routine
On Jan. 25 San Francisco-based Levi Strauss reported a 17% year-over-year dip in fourth quarter earnings to 34 cents per share, on a 6% drop in revenue to $1.59 billion. The 17% slide in EPS matched the quarter before that. However, the clothes maker reported EPS gains of 35% and 26% to start 2022. Investors will look to see if it can return to double-digit growth.
Stock Jumps, But Not In Buy Zone Yet
Levi Strauss stock has closed higher five of the last six trading sessions. However, it's not currently showing a potential entry point. See if the stock goes on to form a promising consolidation or base such as a three-weeks-tight pattern that could ignite a new run.
Levi Strauss stock holds the No. 9 rank among its peers in the Apparel-Clothing Manufacturing industry group. Capri Holdings and Tapestry are among the group's highest-rated stocks.
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matched up against all other stocks.
