![]() Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. 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.
0 Comments
Leave a Reply. |