Levi Strauss & Co. (NYSE:LEVI) Earns Buy Rating from BTIG Research

Levi Strauss & Co. (NYSE:LEVI)‘s stock had its “buy” rating reaffirmed by equities researchers at BTIG Research in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $27.00 target price on the blue-jean maker’s stock. BTIG Research’s price target would indicate a potential upside of 38.14% from the company’s current price.

LEVI has been the subject of a number of other reports. Barclays raised their target price on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Needham & Company LLC reissued a “buy” rating and issued a $28.00 target price on shares of Levi Strauss & Co. in a report on Thursday, July 9th. UBS Group reissued a “buy” rating on shares of Levi Strauss & Co. in a report on Wednesday, September 23rd. Wall Street Zen raised shares of Levi Strauss & Co. from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 20th. Finally, Raymond James Financial raised their price target on Levi Strauss & Co. from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. Twelve research 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. has a consensus rating of “Moderate Buy” and an average target price of $27.43.

Levi Strauss & Co. Price Performance

Shares of LEVI stock traded down $0.20 on Wednesday, reaching $19.55. The company’s stock had a trading volume of 306,557 shares, compared to its average volume of 2,607,233. The stock’s fifty day simple moving average is $21.88 and its 200-day simple moving average is $22.07. Levi Strauss & Co. has a 1 year low of $17.72 and a 1 year high of $25.70. The company has a current ratio of 1.60, a quick ratio of 0.98 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.31 and a beta of 1.32.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Levi Strauss & Co. had a net margin of 9.66% and a return on equity of 25.79%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the firm posted $0.22 earnings per share. Levi Strauss & Co.’s revenue for the quarter was up 8.0% compared to the same quarter last year. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. Analysts forecast that Levi Strauss & Co. will post 1.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Levi Strauss & Co.

In other news, EVP Harmit Singh sold 98,144 shares of Levi Strauss & Co. stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $24.22, for a total transaction of $2,377,047.68. Following the completion of the sale, the executive vice president directly owned 98,747 shares in the company, valued at approximately $2,391,652.34. This trade represents a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.08% of the company’s stock.

Institutional Trading of Levi Strauss & Co.

Several institutional investors and hedge funds have recently made changes to their positions in LEVI. Envestnet Asset Management Inc. lifted its position in shares of Levi Strauss & Co. by 8.1% during the second quarter. Envestnet Asset Management Inc. now owns 392,152 shares of the blue-jean maker’s stock worth $9,737,000 after purchasing an additional 29,501 shares during the last quarter. State Street Corp lifted its position in shares of Levi Strauss & Co. by 7.6% during the second quarter. State Street Corp now owns 983,097 shares of the blue-jean maker’s stock worth $24,410,000 after purchasing an additional 69,437 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Levi Strauss & Co. by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 1,644,561 shares of the blue-jean maker’s stock worth $40,834,000 after purchasing an additional 7,827 shares during the last quarter. Engineers Gate Manager LP lifted its position in shares of Levi Strauss & Co. by 74.3% during the second quarter. Engineers Gate Manager LP now owns 811,600 shares of the blue-jean maker’s stock worth $20,152,000 after purchasing an additional 345,855 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Levi Strauss & Co. during the second quarter worth $127,000. 69.14% of the stock is currently owned by institutional investors.

Levi Strauss & Co. Company Profile

Levi Strauss & Co is an apparel company best known for its Levi’s brand of denim jeans and related clothing. Its product portfolio includes jeans, tops, bottoms, jackets, footwear, accessories and other casualwear for men, women and children.

Founded in 1853 and headquartered in San Francisco, California, the company also owns the Dockers, Beyond Yoga and Signature by Levi Strauss & Co brands. Levi Strauss & Co sells its products through company-operated stores, e-commerce platforms, wholesale partners and other distribution channels.

The company serves customers in North America, Europe, Asia and other international markets.