Levi Strauss & Co | LEVI | Long at $15.75

4 天前

LEVI Straus & Co. A very historically strong company with a loyal following. While you can say what you want about quality changes and a company that feels "stale", Levis jeans don't go out of style - they just ebb and flow within style trends. While the value isn't quite there for LEVI with a P/E of 42x and price-to-cash flow of 22x, we are near Santa Claus rally season. From a technical analysis standpoint, it just touched the "bottom" of my historical simple moving average and may be poised for a bounce from here. However, there are still two price gaps on the daily chart between $13.70 and $14.50 that (likely) will eventually be closed - which I believe may occur with greater signs of slowing consumer spending (i.e. future recession). But, for now, LEVI is at my personal buy zone at $15.75 for a buy-and-hold into 2025.

Target #1 = $18.00
Target #2 = $20.90
Target #3 = $22.75