The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Roku Plunges 8.6% After-Hours Despite Exceptional Q2 Resultsįiverr Shares Tank 21% Early-Hours Despite Strong Q2 Results Continue Readingĭisclaimer: The TipRanks Smart Score performance is based on backtested results. Uber’s Shares Fall 4.7% Despite Solid Q2 Results Shares have gained 129.3% over the past year. Levi scores a 9 out of 10 on TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations. The average Levi price target of $35.67 implies upside potential of 28.9% from current levels. The analyst’s price target implies upside potential of 37.3% from current levels.Īccording to Duffy, the “secular and structural shifts” in the economic environment is aiding the company’s growth prospects, margins and returns.Ĭonsensus among analysts is a Strong Buy based on 9 unanimous Buys. On August 3, Stifel Nicolaus analyst Jim Duffy initiated coverage on the stock with a Buy rating and a price target of $38. and help drive our strategic priorities.” (See Levi stock chart on TipRanks) The foundation the Beyond Yoga team has built, combined with LS&Co.’s resources, global reach and scale, make me confident that Beyond Yoga will become a powerful growth engine for LS&Co. The CEO of Levi, Chip Bergh, said, “This acquisition establishes LS&Co.’s presence in the fast-growing activewear segment with a brand with tremendous growth potential. Post the buyout, Beyond Yoga will operate as a standalone division within Levi. The buyout will enable Levi’s entry into the activewear category and complement its growing women’s business. Levi anticipates the acquisition to be accretive to its gross margins, EBIT and earnings per share (EPS) and also contribute about $100 million to its net revenue in FY22. The financial terms of the deal, which is likely to close in the fourth quarter of 2021, have not been disclosed so far.įollowing the news, shares of the company declined marginally and closed at $27.65 in the extended trading session. ( LEVI) recently announced that it has signed a purchase agreement to acquire Beyond Yoga, a premium athletic and lifestyle apparel brand. While we use the foregoing security measures to protect your information, please note that no data transmitted over the Internet can be guaranteed to be completely secure.įor more information and to read our full Privacy Policy, visit /privacy-policy.Clothing giant Levi Strauss & Co. When accessing a secure server, the site address will change from "http" to "https". You can also confirm your data is being encrypted by looking at the URL line of your browser (the place where you type Website addresses). Pages requesting personal information should always have one of these icons. A solid key icon or a locked padlock icon at the lower portion of your Web browser window confirms the site is secured through Secure Sockets Layer (SSL). We use standard, well accepted data encryption technology when transferring and receiving your personal information. In addition, we hold our employees responsible for upholding our privacy standards. For example, we limit access to your personal information to select employees and others with a valid business need for the information. To that end, we have implemented security measures at to protect the information we have collected on the Website. Beyond Yoga believes in providing a safe and secure experience for all of our online visitors.
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