Levi Strauss & Co. (NYSE:LEVI) Receives Buy Rating from Needham & Company LLC
by Doug Wharley · The Cerbat GemLevi Strauss & Co. (NYSE:LEVI – Get Free Report)‘s stock had its “buy” rating reiterated by analysts at Needham & Company LLC in a note issued to investors on Thursday,Benzinga reports. They presently have a $28.00 price target on the blue-jean maker’s stock. Needham & Company LLC’s price target would suggest a potential upside of 14.85% from the company’s current price.
Several other analysts also recently issued reports on LEVI. UBS Group increased their price objective on shares of Levi Strauss & Co. from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Citigroup boosted their target price on shares of Levi Strauss & Co. from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, June 29th. BTIG Research reaffirmed a “buy” rating and set a $27.00 price target on shares of Levi Strauss & Co. in a report on Wednesday, April 8th. Telsey Advisory Group lifted their price target on shares of Levi Strauss & Co. from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, July 2nd. Finally, Weiss Ratings upgraded shares of Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Levi Strauss & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.21.
Get Our Latest Analysis on Levi Strauss & Co.
Levi Strauss & Co. Trading Down 1.1%
Shares of LEVI opened at $24.38 on Thursday. Levi Strauss & Co. has a 12 month low of $17.72 and a 12 month high of $25.58. The stock’s 50-day moving average is $23.05 and its two-hundred day moving average is $21.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.58 and a quick ratio of 0.97. The stock has a market cap of $9.38 billion, a PE ratio of 15.53, a P/E/G ratio of 1.85 and a beta of 1.33.
Levi Strauss & Co. (NYSE:LEVI – Get Free Report) last announced its earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. Levi Strauss & Co. had a return on equity of 25.35% and a net margin of 9.52%.The company’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the business posted $0.22 EPS. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. Equities analysts forecast that Levi Strauss & Co. will post 1.51 earnings per share for the current fiscal year.
Insider Buying and Selling at Levi Strauss & Co.
In other news, major shareholder Robert D. Haas sold 488,851 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $24.11, for a total value of $11,786,197.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Margaret E. Haas sold 47,721 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $24.01, for a total value of $1,145,781.21. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,468,570 shares of company stock worth $34,136,152 over the last quarter. 1.08% of the stock is owned by corporate insiders.
Institutional Trading of Levi Strauss & Co.
Several institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its holdings in shares of Levi Strauss & Co. by 181.6% during the first quarter. AQR Capital Management LLC now owns 151,645 shares of the blue-jean maker’s stock worth $2,364,000 after purchasing an additional 97,800 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in Levi Strauss & Co. during the 1st quarter valued at approximately $224,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Levi Strauss & Co. by 133.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock worth $51,000 after buying an additional 1,879 shares during the last quarter. Caxton Associates LLP bought a new position in Levi Strauss & Co. during the 1st quarter worth $241,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Levi Strauss & Co. by 3.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,597,687 shares of the blue-jean maker’s stock worth $24,908,000 after buying an additional 52,332 shares during the period. Institutional investors own 69.14% of the company’s stock.
Levi Strauss & Co. News Summary
Here are the key news stories impacting Levi Strauss & Co. this week:
- Positive Sentiment: Levi Strauss beat Q2 estimates on both revenue and earnings, with sales up 8% year over year and direct-to-consumer sales growing strongly, showing healthy demand for the brand. Levi Strauss & Co. Reports Second-Quarter Results
- Positive Sentiment: The company raised full-year guidance again and increased its quarterly dividend, signaling management confidence in the business outlook. Levi Strauss beats quarterly expectations, raises guidance and dividend
- Neutral Sentiment: Levi’s ongoing shift toward a DTC-first model and changes to its distribution network may improve efficiency over time, but the near-term impact is still unfolding. Levi Strauss Raises Guidance Again
- Negative Sentiment: Despite the beat, investors were disappointed by the company’s cautious earnings outlook, which appears to be weighing on the stock. Levi’s stock falls 5% despite Q2 beat as full-year earnings guidance disappoints
About Levi Strauss & Co.
Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.
The company’s flagship label, Levi’s®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi’s, cater to diverse price points and consumer segments.
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