Stock of the Day

May 17, 2021

Levi Strauss & Co. (LEVI)

$24.36
-$0.63 (-2.5%)
Market Cap: $9.61B

About Levi Strauss & Co.

Levi Strauss & Co. engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.

Today's Trend

Levi Strauss & Co. (NYSE: LEVI) shares are moving higher overall after the company delivered a strong Q2 earnings report, raised its full-year outlook, and increased its dividend. Investors are also reacting to analyst support and a new dividend hike, which help offset the market’s initial concern about management’s conservative guidance.

Overall, LEVI is being driven by a mix of strong quarterly results, higher guidance, and a larger dividend, while the main drag is investor concern that management’s outlook remains conservative amid macro pressure.

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